Re: Buy the DIP, and HODL!

what matters in bitcoin investment for long time is your decision, because I know very well that if you have the mindset to accumulate your bitcoin you will leave your bitcoin stay as long as you want, but a process whereby you don't have don't have the mindset to accumulate bitcoin you will not have a decision of keeping your bitcoin for long-term, theirs no maintenance in keeping your bitcoin to anytime you like, keeping bitcoin long time or not keeping for long time is your decision.

A good mindset is to buy with a DCA strategy, manage financial traffic well, then investment will be easy to plan for the long term. Work hard and find additional income to be able to buy more aggressively or accelerate our investment targets.

When investing for the first time, of course, doubts must be eliminated. We must focus properly on what we want to target in investing in bitcoin. If we target the accumulation of 1 BTC in the next 2 years, of course we must focus and find additional income to support the smooth purchase so that it is not hampered by a single stage.

Investments should be done in such a way that investments are never burdensome to us. When we can invest to meet all our needs or needs, we will not feel investment pressure and we will be able to succeed by planning that investment for a long time in a relaxed way. When it comes to investing I think some proper planning is necessary before starting, everyone has a different investment plan like how long he will hold his investment as well as how he will manage his investment. If investment can be planned in this way and if that investment can be done according to DCA investment strategy, then I think this investment strategy will be an effective investment strategy for the investor on the one hand and this investment strategy will help the investor to make long term investment. At present most of the investors are seen investing using DCA investment method so undoubtedly this investment method can be considered as an effective investment method.

Dca strategy is not the only strategy for accumulating bitcoin and the fact that an investor is using dca strategy does not stop him from making use of the other strategy. An investor can combine two of the strategies or all while accumulating bitcoin. He can be doing dca and still buy the dips when it occurs and also do lump buying when extra cash arises. So I believe none of the strategies are ineffective since an investor is not refrain from making use of the other strategies while using dca.

There's no doubt that their are still other strategies asides the DCA but then it is the most effective due to it's features, which are that it can't be affected by volatility, helps increases profits at a maximum level and recover lose during the dip periods, it's not like other strategies are useless but the DCA is the most effective amongst all and that's why it's most talked about and preferred by the majority for usage.

Anyways, you just stated another good reason why people should prefer the DCA and use it more compared to others, which is that investors can still DCA and buy the dip or do the lump sum when an opportunity arises but I won't advise investors to settle for only buying the dip cause while waiting for the dip to occur, the market could go the other way round and the investor would miss out on maximising profits that's why combining two or more strategies is highly acceptable.