Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sim_card
on 02/11/2024, 06:15:28 UTC
People look at the value of Bitcoin for a number of reasons.  Paying attention to the Bitcoin market does not mean that recruiters sell Bitcoins.  Checking daily prices means finding a very good time.  This reduces the stress of long-term holders and increases common sense and motivates them to invest in Bitcoin, as well as they can relate to market dynamics. Bitcoin market is very volatile in nature, it can go up in a short period of time and fall in an instant.
Bitcoin investment will determine your success in the future, and it will keep you safe from unnecessary risks and overtrading dangers.
Because Bitcoin is a long-term investment system. The consistency of profits should be measured over a long period of time, for example, month after month or year after year. A long-term Bitcoin investor has many dimensions of his personality, such as finding the ideal strategy, observing market volatility, choosing the right time and mastering effective trading strategies.
You sound more like a trader or an investor who is not serious with his bitcoin long term accumulation journey and keep on distracting himself from taking advantage of the opportunities in the market by buying regularly every week or month to continue growing your bitcoin investment overtime for future sake.

A long term investor shouldn't think of using trading to increase his bitcoin portfolio if that is the mindset that you have, because it is not ideal and the chance of you running at loss is high to the point that you might even lose your entire bitcoin investment which will be a big discouragement for some to continue investing. Trading will only reduce your quantity of sats and in the long run, you might end p being a low coiner in the future.

You don't need to master trading as an investor because trading is very complex and takes at least two years for concrete understanding, and that will be a waste of time in a skill that the chance of running at loss is higher than making profit in the long run. A new investor that wants to start his bitcoin investment or a low coiner doesn't have to choose any right time, before investing because every moment of his life is the right time to buy right away provided he has the money. If you are talking about buying at the dip, a reserve fund is needed for that and you don't need to stop your DCA weekly buying because you want to choose the right time to buy. Rather continue with your ongoing DCA and forget about buying at the dip because buying at the dip is only for those who are prepared for it.

Choosing the right