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.
I think you misunderstood what Mayor of ogba is saying, by stating that one need to invest with an amount they won't need in 4-10 years do not mean that they will invest all the money at once but by gradual accumulation using the DCA so it's not a onetime amount (lump sum) that he is talking about.
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.
If you have $20,000 you can decide to lump sum but that's if it is your disposable income because you can't invest an amount that will become a problem to you tomorrow that is where investing within the level of your discretionary income is to be applied. Someone who has $20,000 that they won't need in 4-10 years and didn't invest it in bitcoin will be making the worst financial mistake of their life because no value will be added to that money in the next 4-10 years when it still remains in Fiats and inflation can make it become worthless by that time.
I just have a feeling that you may indirectly be saying that people should invest on some shitcoins rather than bitcoin because we know that bitcoin is a risky coin but tagging it as a highly risky coin is what am still unable to digest because there are other coins that are more volatile and riskier than bitcoin so if we are to be afraid, it will be those coins and not bitcoin that has been recording progressive growth.