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.
Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.
Those set of people who are continually waiting for a dip will continue experiencing regret in life why they did not invest when others were investing and Bitcoin, Let’s look at what happened recently with the increase in Bitcoin's price continuously, Those who were waiting for a dip are currently regretting why they didn’t invest in Bitcoin, even when the price was at $70k recently.
Many have discovered that they have wasted their opportunity not invested in Bitcoin early as they keep waiting for dip. On the other hand, the smart ones those who realized this are mistakes now starting to invest and never think of the price again. However, there will still be some people who follow advice that Bitcoin will drop to a certain price, which I believe is wrong because nobody can accurately predict Bitcoin’s price.
If anyone is on this thread, and start still waiting for dip I would advise them not to follow such advice. Instead, start investing in Bitcoin using the Dollar cost Averaging (DCA) method. This approach will help you buy at different price levels, which is a great strategy for long term investment.