Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Jewan420
on 16/03/2025, 23:30:24 UTC
What I understand from @JayJuanGee's statement, "a beginner must know the basics of saving".
It means to keep saving (buying) consistently according to the initial plan that has been determined previously. No matter how much the price is as long as it has not reached the planned target as said by @Ruttoshi.

Always thinking about current profits can destroy our initial plan to get profits in the future. Of course that is very dumb and beginners must realize that.
Yes, you have to be consistent in saving (buying) on ​​a weekly or monthly basis. Or you can set a specific time to buy. But you have to be consistent in the time frame you set. This consistency of saving is called DCA investment in the DCA strategy. Most of the forum members probably prefer weekly DCA for saving. Either you buy once a week or buy once in 15 days or buy once a month. You maintain the consistency of buying until you reach the specified goal.

For maximum results in long-term holding, you have to hold for at least 3-4 cycles (12 years or more). Before you can be successful in investing, you have to be successful in holding for the long term. To achieve this success, you have to gain knowledge about Bitcoin investment, take the right steps at the right time and always have a basic plan ready.