Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Jewan420
on 06/10/2024, 17:36:02 UTC
I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can  you mix  your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Many people have asked so many questions, it is difficult for me to answer each one in quotes. But I want to clarify few questions.

I am not combining reserve fund and emergency fund at all. You misunderstood my entire sentence. I keep both the emergency fund and the reserve fund under the same name, but the two are used in different ways. For example we use reserve fund for reserve fund and emergency fund for emergency fund. I have not used the emergency fund yet, it is still intact as I have to say, I have not yet faced an unexpected situation where the emergency fund is needed. Because I take a different strategy in my economy planning (as mentioned earlier) where I don't have to tap into reserve funds for small expenses. I use it to be aggressive in investing, I was aggressive in investing a few days ago when the price of Bitcoin dropped to $53k-$54k. Many people have been confused by the fact that such a price of Bitcoin is called a dip, so I am correcting that and apologize for the mistake. I don't think it's wrong to keep DCA running and wait to buy the dip, because here I can have freedom.

I got enough help to start investing and learn investing, after just a few months of joining the forum I was advised and given enough help to start investing. But then my source of income was not very developed and since the demand was low I started investing in small amount. But now I have one source of income and am self-reliant in investments.