Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Sim_card
on 08/11/2024, 19:26:29 UTC
⭐ Merited by JayJuanGee (1)
Those who have invested in Bitcoin in the past are seeing a bright potential ATH but new investors may not be able to take advantage of this golden opportunity if they join the Bitcoin train. I remember and welcome Ruttoshi, new investors in Bitcoin want to make a profit by investing in short term and sell when the bull run reaches the top. New investors should invest in Bitcoin and that is for long term as Bitcoin maintains its fixed position after 4 years. New investors should invest BTC regularly according to the rules of the DCA method by developing the mindset of opening the door to a consistent possibility in order to be a pioneer in the rapid upward movement of Bitcoin.

Expecting Bitcoin to reach 100k or more I would say new investors should buy and hold for the long term. For new investors to come to the forum we should develop their enthusiasm and motivation and try to convey the knowledge of Bitcoin's success to them so that they are not deterred by any FOMO.
New investors can still take advantage of the Bitcoin train by accumulating and still hodling for the future as we can see Bitcoin price will surely skyrocket above the current price it is now.

Also Bitcoin as a volatile asset doesn't have a fixed position or fixed price as Bitcoin will definitely not be in the same position it is right now.

As a new investors adopting the DCA strategy will be nice as it will help to accumulate Bitcoin regularly as it could be weekly or monthly and hodl for 4-10 and more in other to have a reasonable quantity of Bitcoin in his/her possession.

This forum has really been help for bitcoiners as it has added more knowledge and through the information and teaching given by JJG in this thread also which has also given more insight on how one can go through and be successful when investing in Bitcoin.
To be honest with you, I feel that anyone getting involved in bitcoin now will do better if thought is given to hybrid system of DCA method and lump sum buy than focusing only on the DCA method if the investor want to get a nice amount of bitcoin before we leave the sub 100k region. I'm saying this because something tell me that the new found strength of bitcoin is and enduring one that will see bitcoin remain in steady rise for the rest of the year even until next year. The atmosphere is supportive of this and the coming of Trump will set the stage for future gains if he makes good his promises about bitcoin. Therefore, instead of the slow process of using the DCA method only, a more aggressive approach is most appropriate for anyone with the capital readily available and willing to get the bag filled. 
It depends on the investor discretionary income that will determine the amount that he will use to DCA either aggressively or not. Also you will not say that because I can only be able to afford $50 every week to buy bitcoin, that my bitcoin investment will not grow gradually ans increase in size overtime.

Whoever wants to start his bitcoin journey now should use whatever amount from your discretionary income that will not be a burden to your finance to buy regularly every week despite the price of bitcoin currently, so that you can start accumulating and growing your bitcoin portfolio your little way that will kee your consistency and persistency on buying always, and I assure you that you will be surprised at how much bitcoin you were able to accumulate in the long run.

If you feel that you are late ans you go and accumulate bitcoin over aggressively beyond your discretionary income, you are doing yourself, because it is likely that you will sell your bitcoin at a cheaper rate ans run at loss when you need those funds for your important needs. What's important is that as a long-term investor on his bitcoin weekly accumulation journey, you should have plans to increase the amount that you are using to DCA when you are opportune and also look for means on how to increase your income so that it will be possible for you to increase your DCA amount when the time comes in order to accumulate more bitcoin faster overtime.

Whenever extra funds comes around that you don't expect, you can use that to lump sum immediately. Bitcoin is a long-term investment, and no one knows if along the line of our bitcoin accumulation, we will have the opportunity to have a bigger income that will make use investment aggressively for a long period of time.