Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 25/10/2024, 13:51:06 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.



What makes you think there's going to be a dip on the 25th of October 2024 or are you just guessing?. You are begining to sound like a newbie who doesn't understand how Bitcoin works while you are a Full Member in the forum, though nothing is impossible I mean Bitcoin is a very volatile asset and it can be possible that it may dip on the 25th but that's not how to go about Bitcoin investment, if you really want to increase your portfolio you shouldn't be waiting for dip before you invest and also stop specifying dip date because you may be disappointed. DCA method is very much effective, you don't need to have enough funds before you accumulate and I don't think there's any specific amount while DCAing rather our investment money depends on what we get weekly or monthly that is to say that there can be a decrease or increase in our weekly or monthly income.

Bitcoin wealth is a volatile one yet it continues its momentum like a constant stream. If we look at the Bitcoin market structure, we can see its volatility which you and I can be relatively depressed by, but I think that regardless of the volatility of the market, if we invest in Bitcoin for the long term (DCA) method, We can get a good return. You said well but we can't really give any explanation as to whether bitcoin is going to sink on 25th or not. Of course we should dip into growing our portfolio, which is by no means a waste of time.
I think we should charge a price for investing bitcoins, maybe on weekly income. Irrespective of monthly or weekly income increase or decrease, we can keep a certain amount from there to invest in Bitcoin.

As an example, let's say you have a monthly income of $120, from which you can invest $80 in other activities and the remaining $40 in Bitcoin. have the attitude that you will invest $40 a month regardless of the ups and downs. And if you have other means of earning money then you can increase the rate of Bitcoin investment.