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Quote from: iamsange on October 10, 2024, 08:29:19 AM

And if there are still people who doubt Bitcoin as the best investment asset, of course he will explain the reasons and it could be that the person just wants to advance another damn coin that he likes himself without seeing the value of Bitcoin itself. So for now there is no particular reason for me to doubt Bitcoin as the king and I also hope that over time Bitcoin lovers will continue to grow and implement buy the dip and hodl.

Our main focus in this buy the dip and hold thread is about bitcoin, and mentioning another coin, such as altcoins, will only distract us from the main discussion of this thread. It will be better if we only discuss bitcoin here. And fuck whoever still doubts bitcoin, the person doesn't know anything about bitcoin or understand the benefits that come with holding bitcoin because if he does, he will not choose to invest in altcoins over bitcoin. If you have accumulated the amount of bitcoin you want to hold for your long-term purposes, it is not even good to diversify your investment in altcoins. After you have accumulated the amount of bitcoin you want to hold, it will be better to diversify your investment in real-life investments, such as real estate, or you can be selling commodities.

You are absolutely correct but our focus now is not buy the Dip reason because the Dip doesn't just occur every day or anyhow, remember if you said our focus is to buy Dip and the market haven't that means we won't buy Bitcoin right? perhaps our focus should be accumulating and holding regardless of the market price which is the DCA method or strategy. But we should be ready and prepared in case there's Dip, so as to enable us take advantage of the market. I don't want to press much about this diversifying our investment in alt though ETH is somehow fine but I don't like there gas feel but I don't consider it as an option.

As you should be adequately prepared for dips, the right advice is to run a DCA as well as ensure the adequacy of the backup fund so that it has at least 6 months of cash to meet your family's day-to-day needs. The more you have in your backup fund, the more confident you can be in investing. For example, if you have floating cash to cover household expenses for two years, you can run DCA as well as aggressively buy during dips and this approach tends to increase the holdings in your portfolio relatively.

Shitcoins can cause your portfolio to suffer with a tendency to lose capital most of the time. Following the DCA method over the long term and typically during Bitcoin's price corrections, holdings are likely to grow multiples with overbought cycles running multiple cycles. Your focus should be on making sure you make the most of every cycle trying to increase your holdings of Bitcoin. Deposit Bitcoins for long period.

In fact, it is important to have adequate backup funds for our DCA, if we want to run our DCA for a long time, we must have backup funds. Because if we want to get any good out of DCA then we must make it a long term holding, at least till next 3 cycles, if we can take a firm decision of holding for next 3 cycles i.e. next 12 years and run DCA accordingly. But it will definitely give us adequate returns. So we have to decide on holding for the next 3 cycles, and must have backup funds to continue this holding uninterrupted.