Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ultrloa
on 14/11/2024, 23:05:27 UTC
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Even though this thread title is about buying the dip and hold, that doesn't mean you should be focused on accumulating bitcoin in a dip, which will delay your bitcoin accumulation journey because you are not certain when a dip will happen. Since you are just starting to accumulate bitcoin newly, it will be better if you are more concerned with accumulating bitcoin with the DCA strategy, which will allow you to consistently accumulate bitcoin right away whenever your discretionary income is readily available. The DCA strategy will allow you not to time the market to accumulate bitcoin when the price drops, which will be an advantage to you because you will be accumulating bitcoin even if the price is increasing or decreasing.

Sometimes I really think the name of the thread should be Buy and HODL, but we cannot dictate since I guess this is been discuss and people still want to retain the original name of the thread. Although it doesn't give much an impact to what people look at or intention on this thread since many people still discuss about HODL and I think its still serve its purpose.

DCA is really newbie friendly that's why instead if look forward to buy on dips just like what other people think and wait, best to execute DCA strategy then be consistent on their accumulation. For sure if they stay in this thread they can learn a lot since to many good pointers that can help people to determine the ideal methods and certain things to do to make everything works well for them.