Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Makus
on 31/01/2025, 09:18:17 UTC
⭐ Merited by JayJuanGee (1)
No doubt learning and improving is usual thing in every life no strategy is bad DCA, lumps sum the most important is to buy and hold for long time , I can remember despite how many person may say about the DCA one of my friend who invest in Bitcoin told me because of his engagement with other things he prefers lump sum that he don't always have time to buy in parts because it seem as a way of monitoring his investment since his motive is to buy and accumulate for Long he buys and remove his feeling just one till he plan buying again to add up, I see that what he feels and the knowledge he conceive towards usage of the strategies become his guilds DCA is good for all mananer of investor but some still tide it to choice as it depends on knowledge and what the investor may prefer at the moment he wants to buy correlating this your statement is hundred percent correct.

You have made a good point mate. DCA is a great strategies and trust me when I say, it's the first ever strategy i'll recommend to anyone because its easy and it helps develop confidence in bitcoin. And just like the example you gave about your friend, anyone can invest using any strategy that best suits them. The fact that Mr Adam has all the time in world to buy bitcoin weekly doesn't Mr B also have that same time and opportunity. All i'm saying is, we shouldn't make general conclusions based on our personal experience. The most important thing about bitcoin investment is that you are comfortable with what you're doing and at the same time you keep your investment going up for long term rather than making short profit withdrawals just as shit project traders do. There is a tweet i saw on X and I tried to modify it a little " if you’re not saving or investing in bitcoin, you’re just saving up regrets" I so much derive joy from that post because it's absolute reality. Those who procrastinate buying or investing in bitcoin often end up regreting some bullish opportunities they missed out because they thought bitcoin would keep experiencing the dips, most traders often have this ideology but bitcoin keeps surprising them, but some still make thesame mistake by spending their time in regret rather than taking the available opportunities.

You don't necessarily need to wait for a dip to buy Bitcoin or wait until you have saved up $106, 000 to buy 1BTC, by doing so are only chasing shadows because bitcoins keep increasing in value while fiat keep decreasing over time, and you'll be shoked that after drafting out your expected duration for 1BTC to be completed, you may end up spending more to get to your target when you're saving in fiat or stable coin. This is where DCA comes in as one of the reliable and convenient strategy of accumulating bitcoin.