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.
Purchasing or accumulating Bitcoin when there's a dip is not wrong but the idea of waiting for the dip only before accumulating is the wrong thing here.
We all know predicting what will happen in Bitcoin in the future is very difficult so we can't predict when the dip is going to happen in the future, so to avoid waiting in vain for dip is better you accumulate little by little using the DCA strategy when when there's a dip you can switch up and start accumulating aggressively.
While accumulating using the DCA strategy you can also have a reserve fund which you can use to accumulate more Bitcoin when ever there's a dip.
Don't wait for a dip to happen before you start accumulating because you may wait and it won't happen and that will be a waste of time and opportunity for you.