Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
FortuneFollower
on 23/12/2024, 08:25:12 UTC
The ideal is always to buy cheap and sell high, buy in the dip, but what do you expect it to go down like before? Without a doubt, the DCA method is the best. Even with the current market, the price of BTC, if I have the opportunity to buy, I would do it. The price doesn't matter to me, what matters is having BTC no matter what, even if I buy a little, If it goes down, the idea is to buy more in the dip. That's the idea. I respect everyone who is looking for or hoping to buy in the dip, but this year is already ending. It is predicted that by January the price of BTC could rise much more, so is it not cheap to buy now? Maybe, it's a risk that few of us take.

Buying cheap is the target of all investors but Waiting for the perfect low price can be a time wasting strategy as prices may rebound before you buy. To avoid missing opportunities, consider adopting a Dollar-Cost Averaging (DCA) strategy. This approach allows you to accumulate assets consistently, regardless of price fluctuations, focusing on long-term investment goals.

A person either goes for DCA or buys in lumps due to not searching for the average price.
Because he will hold till he still gets out with a good PNL.
But from a perspective of the stability of the investment - it's better to apply DCA than to use only the lumps to buy dips.
For each - there is a path to choose on the market  Wink