Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Glen Hoddle
on 30/01/2025, 16:45:36 UTC
I don't really get the point on why we need to monitor the market while its not actually price is not your main concern while accumulating.

We can do DCA without following the market trends since whatever price is good enough for us to accumulate. It will just bother bother people so better not to pay attention on the market and just pay more attention on your next accumulation.

Usually traders are the one who follow market trends also those people scared enough to accumulate and what they always want to buy at the dip which is actually not always possible to happen.

Consistency is really important here and we don't need any other technical things to consider before buying since we can do it anytime we want.
Assuming the market is positioned towards an downtrenc with repetitive cycle of lower candles pointing downwards wards and then comes a spike that pushes this candle to face upwards. As an experienced investor even with your DCA approach you won't want to buy because it is obviously a bull trap.

Every investor will want to get the best price no matter what. I still stand on the ideology that all investing strategies need monitoring even DCA else an investor with a strategic DCA approach will always make better ROI compared to an investor who just applies DCA blindly

DCA method is a strategy that every investor can invest in Bitcoin by applying this strategy at any time. This strategy plays an effective role in both the upward and downward trends of Bitcoin prices in any season. And it is a cost-effective method.
Through this method, you will be able to sustain your investment for a long time, your portfolio will gradually grow and you will be able to convert your nearest money into Bitcoin and if you sustain it for a long time, your success will definitely have a high value.