Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
promise444c5
on 27/03/2025, 22:22:33 UTC
⭐ Merited by EarnOnVictor (2) ,JayJuanGee (1)
making an investment plan for your income is very important such that you can focus more on your most important needs in order for you to have enough discretionary amount to invest.
You can set a "Scale of preference" for this I.e listing your wants and needs in the order of most pressing to the lease pressing..
Bitcoin is falls under the category of wants and in our case it's  pressing,
Bills are needs,not all are essential/compulsory but the compulsory(which is pressing needs)ones can come before your pressing wants.. pick from your sclae of preference along with your BTC want , forgoe the less pressing that can meet up with the plan.
On a normal context of the DCA, it is supposed to be about investing same amount of bitcoins but the reason why we don't need to be so strick about the fixed amount is for a stress free investment without having to be struggling to meet up with the fixed amount at every time of your DCAing.
Well in  DCA consistency is the key it doesn't really mean it should be exactly of a specific amount but meeting up with a specific amount could be of help, there're times you might not meet up with the amount and there're also sometimes you might need to buy more to catch a Dip, yet you can set a range to meet up aswell. Hence, if you feel you need to set some backups you can pause  for a week or two to fix that(ysing weekly DCAing as example), then resume your investment strategy after..

I am getting dip as I type this my next move is to acquire dip.

That's the spirit Cool..