Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Promocodeudo
on 29/09/2024, 22:39:36 UTC
⭐ Merited by JayJuanGee (1)

You seem to be contradicting yourself Promocodeudo, especially since you are proclaiming that DCA is the best of strategies for newbies, yet at the same time you are saying that there is a need to have money available for buying BTC on dips and also to be able to lump sum buy on dips.

If a bitcoin newbie is actually employing active and aggressive DCA, then he is not going to have any money left for buying on dips, and especially he is not going to have lump sum amounts available that he would be saving for buying on dips.

Sure there are ways to combine the strategies, and even newbies could choose to hold back some value for buying on dips, and anyone could receive a lump sum amount of money at any time, and they could be fortunate that the lump sum amount comes during a dip period, yet even with the dip period, we cannot necessarily know if the dip is done or if there might be more dip coming.


@JayJuanGee thanks for clarifying me on this, I now understand that lump sum amount can be received at anytime not necessarily during the dip though the investor can be lucky to receive a lump sum amount during the dip, I stand to be corrected, I forgot that once an investor is using DCA method aggressively to accumulate Bitcoin, he or she will be left with no spare amount of money to buy during the dips since the method permit us to buy anytime including the dips and there won't be means to save up a lump sum amount to buy during the dips too unless the lump sum amount was dashed from friends,family unexpectedly or from business which may not also be during the dips.

Yea that true, no one can ascertain if the dips is done or not as you said and thats more reason why people shouldn't wait further delay their journey in Bitcoin investment, the statement I made earlier was as result of not knowing that that there is no need for a newbie or anyone applying DCA method aggressively to think of buying the dips since DCA method allow us to buy continuously steadily and slowly including during the dips and when the price soars.