To my own knowledge on buy the Dip,and HODL.it has to do with investing buying Bitcoin and keeping it is one part,people feel is just buying Bitcoin and hodl.but on question to ask how patient are you to hodl.your patient might not be the same of mine.so it takes discipline on the highest other.and mind you you don't invest on Bitcoin with you all of what you have,cause you will definitely can not be patient.if am not mistaken I feel with my own experience investing in bitcion.is better you have some other asset to fall to daily,and keep you mind lost out of your bitcion investment.And just stay and observe for as long a you can.
Since bitcoin is a long-term investment, before people invest their money in bitcoin, they should be able to figure out the amount of bitcoin they want to accumulate and how many years they intend to hold their bitcoin so that they will know how they can discipline themselves to accumulate bitcoin in such a way that they can easily hold their bitcoin for the long term without passing through difficult times to do that. It is even advisable for investors to invest in bitcoin with the money they will not need for 4-10 years or more or with the money they can afford to lose so that they will not depend on their bitcoin investment to survive since they won't be using the money that is meant to cover up for their living expenses to invest in bitcoin.
bro this thing you are saying I doubt if any anybody we have any money in hand that they don't need for 4 to 10 years not in this hard economy, what i was expecting you to say is that no matter what you are doing how much one is earning either weekly or monthly they should keep buying bitcoin and hold for long term, for that is the proper way of bitcoin investment.
What if you have $20,000 in hand and you can't afford to lose it in investing in bitcoin and you don't need the money for 4 to 10 years just as you said. what advice are you going advice give to such person, to invest or not to invest?
To me it's not all about investing the money you don't need for 4 to 10 years is how willing are you to take the risk because bitcoin is high risk high return which is 50 50.
I think you are the one contradicting yourself because anyone that's is consistent in investing in Bitcoin either weekly or monthly can at the same time accumulate up to $20k worth of Bitcoin or even more based on their financial ability, the reason why it is always advisable to use the money you will not be needing for 4 to 10 years or even more is to enable you not to sell or run to your Bitcoin investment for your other living expenses, as for me the advice I have for anyone that has $20k that he will not be needing for 4 to 10 years, if the such person believes in Bitcoin potential and he feels he can not go at once (lump sump) he or she can make of the the DCA strategy that is buying bit by bit because of it psychological benefits as it creates and gives a more balanced environment for investors to make investment decisions without emotions being attacked to it, the market should already been known for it uncertainty which includes that it could go up or down if which one needs to balance his or her emotions on this regards, Bitcoin is not guaranteed is to be successful but yet we can still consider the possibilities of being successful by stricking a good balance we can be comfortable with generally.