Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
avp2306
on 31/12/2024, 13:04:27 UTC
⭐ Merited by JayJuanGee (1)
This period is the reason why speculators never invest in bitcoin until they start regretting.
In as much as bitcoin market is filled with ups and downs, buying at all time and Hodl remains a better investment strategy.
Bitcoin is currently at less than 93k which is as good opportunity to invest. But instead of investing now, fear won't still allow some to invest.
This bull run has made me to understand that bitcoin can suprise the world at anytime and doesn't need a period of months or years to change someone's life.
This is why buying at every dip and hodl remains a better investment strategy.

No, I disagree with this your last statement here, it's not the best.
It's s true that it's very important to use every dip as an opportunity to buy more Bitcoin, but waiting for it before making a purchase is actually a wrong thing to do as a long term holder, because Bitcoin is still very cheap compared to how much it might get up to in the future, so why not seize the opportunity now and buy it regardless of it current price?
And besides, you might miss a whole lot of buying opportunities if you decide to be buying only the dip, and with such strategy you certainly not have a very good stash of Bitcoin on the longer run like someone utilizing the DCA accumulating strategy.
So I think that the DCA accumulating strategy is the best way of accumulating Bitcoin, because you will definitely buy at every price interval and even the lowest part of the dip lumps sum investors might miss, so in my own opinion, when it comes to Bitcoin accumulation process, nothing beats the DCA accumulating strategy.

Is not as if buying when there's a dip is wrong is very good to buy when there's a dip because is less cheaper however waiting for it to happen before you start accumulation is what is wrong, because waiting like that will waste your time, one don't even know when a dip will happen so while waiting for it,

Its never bad to buy at the dip since we can get more bigger volume if we continue to execute our buy orders even if the market is dumping. This is what DCA supposed to do since we can buy either the market is pumping or dumping.

What I think is wrong if you keep waiting for more dip to come since you are just missing some good opportunities while the market is frequently moving. Waiting for unknown situation to come is missed opportunity for an investor and he might get afraid to accumulate especially if he feel unsure on current market movement. That's why instead of waiting for the DIP to come which other people think that this is perfect time to buy. They could just continue to work on their plan since for sure that everything will be fine since they are not dealing for short term gains. They are for long term so for sure that price is never be a major concern and hopefully this will come to the minds of investor so that they won't worry or bother to much on the current price of Bitcoin.