Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
DubemIfedigbo001
on 19/11/2024, 12:09:39 UTC
⭐ Merited by JayJuanGee (1)
To me as an investor the only when one can only focus on the dip before accumulating, is if the  folks has already, gotten far with his investment, which may stop him from been aggressive as he used to.
Tho me, there's no need to stop your regular accumulation if you're yet to reach your accumulation target, slowing down on your accumulation can lead to over relaxation and possible termination of your accumulation journey. You can continue your accumulation and save part of your discretionary income expecting the dip to come so you can lump sum and buy more at lower prices.

The moment you stop your accumulation, your mentality towards your investment tends to change to something else and you might not handle the transition well and may start entertaining laxity and possibly turn negative and start preying on your investments. Until you achieve your accumulation target, you're not there and by pausing without reason you may start suffering from near-success syndrome and abandon your mission. Keep the ball rolling until you get there.


It was unfortunate for those of us who didn't invest in Bitcoin when we had the opportunity, but since there is no benefit of regretting about the fact, we need to hold Bitcoin from this point rather than wasting our time. Even though most of the people in the world have heard the name of Bitcoin, they have not started investing. That's why if you consider the current time as another opportunity and collect bitcoins according to your own ability, then after a certain time it is definitely possible to create a large portfolio of bitcoins. Especially if the DCA strategy can be sustained for a long period of 4-10 years then it is definitely possible to expect significant returns from Bitcoin. It may not be possible to get back the opportunity that we missed in the past, but if we consider the future and focus on Bitcoin accumulation from now, then at some point we will be able to get that opportunity back again.
You're right, there's a saying in my local dialect which means that whenever you wake up is your morning, so whenever an investor is convinced and kick-starts his Bitcoin accumulation journey is their morning. It's still morning guys, let's take Bitcoin seriously and in years time new investors would still envy our success and wish they started when we did. With renewed confidence and increased commitment to our DCA, we can grab our own good share of Bitcoin and secure our financial future just like many has done and are still doing. It's still early and we gotta make hay while the sun is still shining.