Re: Buy the DIP, and HODL!

Hard to know.

might never happen again, or maybe it will?

I am not going to proclaim to know, but like you suggest, it does not hurt to buy such dip, just in case such price levels never comes back ever again.

Sounds bearish dude, bat slappenings! Grin

I read my own post as more bullish than yours.

Or at least less bearish.

Think about it.

You are saying $65k might not happen "for a while," and I am saying that $65k "might never happen again."

My statement is more bullish than yours.. Tongue

nanu nanu.

I actually want the price of Bitcoin to get to $65k this week so I can make a major investment I'm planning this weekend, then from next week it can start shooting up Cheesy

. This might sound selfish in a way but that is just my wish because of my targets. This weekend I'm expecting my salary and several annual allowances including profit sharing, 60% of which I want to invest in Bitcoin through lump sum buy even as I have my DCA method still running smoothly. So, the lower the price of Bitcoin, the better for me because I will be getting more Bitcoin with my investment than I would get when the price already surges. Nevertheless, whatever be the price I do not really care because I'm not looking to sell anytime soon. I may be bullish on the long run but for now I want a little retracement to enable my orders get filled at decent prices.

The price of Bitcoin shouldn't stop you from making your purchase besides Bitcoin price is not stable as it always fluctuate, with the price of Bitcoin you mentioned before you can accumulate which is $65k and the current price of Bitcoin now which is $66k it simply means your plans is to buy Bitcoin when it is dip which is not actually good for some one who is still growing in his Bitcoin journey, so it means you won't buy Bitcoin if the price moves above $65k which has already happened.

Since you are still maintaining your DCA strategy you can still do your lump sum regardless of the price of Bitcoin since your plan is for long term so you can have enough amount of Bitcoin in your possession which is your primary target and hodl for the future.

You seem to be misunderstanding Odohu a little bit There is nothing absolutely wrong making certain level of preparedness in terms of buying the dip in your ongoing dcaing, so far it will not affect your other living expenses or make your investment look like a burden to you, just that when proper planning are not towards buying the dip one can use the money that not meant for investment to make purchase or probably over do it because it can be very tempting, emphasizing buying the dip along side you dcaing it not for everybody alot can decide to to remain focused on their DCA as not to be distracted and have a mismatched.