Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Marvelockg
on 12/10/2024, 14:28:02 UTC
⭐ Merited by JayJuanGee (1)
Dips are unpredictable, so instead of waiting for this period to invest, one should set a fixed source of income and prepare to buy bitcoins immediately i.e. buy bitcoins continuously and prepare to prolong Holding. By buying Bitcoin regularly you can take advantage of any time in any market.
The sky is not always clear, there are times when the Bitcoin market suffers and falls, it's just that, Investors don't know when that will happen. Some investors think that when a downturn occurs, the best thing to do is to take a step back and wait. However, this is a wrong assumption, as Bearish conditions are the best time to increase your portfolio and get more Bitcoin for the next market cycle.
the thing with them is that when the market goes down, they expect it to go further down and then further down till the point they feel well positioned to buy. That's just topical of a procrastinators strategy, always waiting for the best time to buy that never comes at the end of the day and then they give excuses when the market bounces back that it's too high to buy. Truth is that waiting for the best point before buying is a strategy that's not for at least 70% of Bitcoin investors who don't have enough resource to use that sort of strategy. The same way bulls don't last forever it's also the same thing that happens when there's market correction. There's certainly going to be a rebound and trying to wait will only delay you in most cases and won't place you at a better profit.

The whole issue of having to wait for the market to become more favourable or trying to understand if you should buy at the current price because you feel that the DIP won't go further than it currently his will be totally insignificant if one is buying with the DCA method. Volatility is 💯 going to always be a part of the market and wether you invest now or wait for the next week to buy, you're still going to buy at some range of prices that related to holding your Bitcoin for 8 years upward will likely be insignificant considering the possibility of the price Bitcoin would have attained by then.

Even though analyst tries to predict market condition, the market is on an average look very unpredictable and you can't really tell when to expect a dip and can't also tell the extent the DIP will go but if you've fixed an amount that goes into weekly or monthly DCA, you're certain that you're going to accumulate chunks of Bitcoin that on an average, you will still be in good profit as long as you're investing for the long term