Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
danadc
on 24/10/2024, 19:18:37 UTC
Hope everyone bought the dip, might be the last time we see 65k for a while!

Due to lack of funds and dip wise my investment did not come due to which I could not purchase. But I have my dip purchase date on 25,10,2024, because the emergency fund I had is very small. 
So currently could not buy this 65K dip at most, only 2 more days will be available so I can buy the right dip at the right time.


Dont mind the haters, I think its very mature of you to state that you were unable to purchase because you didn't have funds available. This to me (imho) is one of the main skillz an accumulator has to learn and follow through on. If you dont follow your rules and say for example overextended yourself and bought with your emergency funds you are just part of the fomo group of investors. Fomo is bad practice, you didn't do it so well done you survived to buy another day! :-)

When your new funds become available on 25/10/2024, and your still in the accumulation phase then  would recommend continue with your normal DCA amounts and frequency.

If your overly worried about your emergency fund, its ok to adjust down your dca amount or even take a break for a month and pivot that cashflow into your emergency fund. When you feel comfortable flip back/increase your dca. This is another skill of equal importance, mitigating risk.

Keep stacking :-)

There is no need to worry too much, this year the Price is likely to Skyrocket and when the Elections are favorable for those who spoke well of Bitcoin, if not it goes down and recovers anyway , the DCA method is the Fundamental way out for those who Believed they had been left Without the opportunity to Obtain Bitcoin , I hope to have my own Bitcoin even in a few years , I am Working on that.