Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 16/11/2024, 02:03:18 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.
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.
Since nobody can predict what will really happen in the future, waiting for a dip to happen before one can accumulate bitcoin is not a good strategy to adopt because you are not certain if it will happen today or tomorrow. The DCA strategy plays a big role in our bitcoin accumulation journey, and it doesn't only allow investors to buy bitcoin right away when their discretionary income is readily available, but it also allows investors to accumulate bitcoin even in a dip. But if any investor is much concerned about accumulating bitcoin in a dip, there are strategies he can combine together, which will allow him to consistently accumulate bitcoin with the DCA strategy and also buy the dip when it happens. If an investor has good discretionary income, he can divide his bitcoin investment money into two equal parts and use one part to accumulate bitcoin consistently with the DCA strategy and use the second part to accumulate bitcoin whenever a dip happens, which helps him take advantage of the market because he has reserved some funds that will help him buy the dip.