Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Gallar
on 06/02/2025, 04:04:35 UTC
⭐ Merited by JayJuanGee (1)
During times like these, it's important to believe in $BTC and trust the process.
The long-term benefits of DCA (Dollar Cost Averaging) and holding show that patience and consistency often pay off. #BTC

Link: https://www.ft.com/content/f964fe30-cb6e-427d-b7a7-9adf2ab8a457

I responded so your image would be visible.

I am not sure if any of us has to believe in BTC.. that sounds like religion.

It is good to have a plan and then to try to stick with our plan, and ongoing buying of bitcoin seems like a good plan. 

I personally prefer weekly buys rather than daily buys, but surely I can understand that if a guy is still early in his bitcoin journey, he might initially establish his position with daily buys.
There are quite a few beginner investors in bitcoin who accumulate their money every day into bitcoin. Maybe this is caused by their enthusiasm which is still passionate and certainly has money to accumulate every day. I think this is not a problem. Because every Investor is free to invest their money whenever they want. But I personally also prefer to invest money in bitcoin once a week or once every two weeks. Because it feels more comfortable and I don't need to look at the market every day. So psychologically my thinking is also calmer if I buy bitcoin once a week or two.

And regarding someone's belief in bitcoin, perhaps what Laspol65 means is not religious belief but belief in the quality of bitcoin itself. Because indirectly and perhaps without us realizing it, why we buy bitcoin is because we believe that bitcoin is a potentially good investment asset in the future. That's why I think we will definitely still have a sense of trust if we invest in bitcoin. Because this is definitely ingrained automatically in us.