Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Btcdeybodi
on 10/11/2024, 05:43:04 UTC
⭐ Merited by JayJuanGee (1)
Is better to keep your DCAing going and when you have any free funds you can keep it as a reserve funds to buy the dip if you are the type that focus on buying the dip , though it ain't bad to buy the dip , but waiting for the dip alone is not smart at all to me because it may only slow down your bitcoin growth. And you can also use DCAing method to purchase the dip with that same reserve funds by spreading it out at different buying momentum. But don't stop your weekly or monthly accumulation.
Investors who regularly buy Bitcoin are usually reluctant to miss an opportunity to buy on the dip. But since dips usually don't give you any message, it's definitely a good idea to have an extra reserve fund to buy from the dip. Considering the current time it is natural that a bitcoin holder will not get the opportunity to buy from the dip. And to buy from the dip, he may have to wait a long time. But if one can continue the DCA strategy in one sense I think it does not require additional funds to buy from the dip. Of course those who just wait for the dip will lose their long-term bitcoin accumulation momentum which may prevent them from reaching the desired level in the future.

Even though it's not advisable to wait for a DIP before starting to make accumulations but we cannot say that someone who is waiting for a DIP may lose the force they should have used in meeting up their target because some people can get lucky to wait for a DIP and utilize every missed opportunity to buy as many as they can when the DIP arrives, so volatility is just one thing we should be conscious of why making accumulations because inasmuch as the price can increase rapidly within a short interval of time, same way it can reduce drastically in a short interval if the market is being affected by a negative news.

The truth is just that anyone who have a long term target only needs to have emergency funds, reserved funds and continue their accumulation with the DCA strategy, if a DIP arrives they can equally buy with the reserved funds and increase their Portfolio.