Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
edy_58
on 16/03/2025, 16:31:00 UTC
As a newbie you ought not to focus on waiting for bitcoin to dips before you start accumulating bitcoin ,once you have your discretionary income the DCA strategy is there for you to start accumulating bitcoin continuously, persistently.it is mostly traders that prioritize waiting for a desire dips which may or may not occur.since they are into bitcoin for quick profit but they failed to understand that bitcoin is best appreciated when view in terms of long term investment.your main concern should be on continuous buying of bitcoin until you are able to build your portfolio because waiting is never part of the strategies in accumulating bitcoin.
I agree with you using the DCA method when the process of collecting Bitcoin will certainly provide an opportunity to continue to get more bitcoin for our future and most importantly we must use funds that we do not need in the near future in order to withstand in the long run.
When we choose to make a profit in the near future, of course we have to buy when there is a decline but it will be very difficult to know that the extent to which the decline will occur and it will be better we use long -term investment and always be consistent in buying Bitcoin to take advantage in the future.