⭐ Merited by JayJuanGee (1)
I am getting dip as I type this my next move is to acquire dip.
I sell old gear on ebay and put some into dip buys.
I mine and dca hodl that coin.
dip: just purchased.
tomorrow my mining dca kicks in
monthly number for march in mining dca will be over 0.01 btc
I sell old gear on ebay and put some into dip buys.
I mine and dca hodl that coin.
dip: just purchased.
tomorrow my mining dca kicks in
monthly number for march in mining dca will be over 0.01 btc
Ser, that's a very good example of how to get more fiat to buy the more valuable asset that appreciates in value.
I have an old car that I don't drive anymore, which has some sentimental value to me. It might be the right time to find a buyer during the current DIP! I also have my old computer, laptop, old skiing equipment, old snowboards that were given to me by my brothers before they left.
Perhaps I should start a small "Bitcoin Investment Fund" from my brothers' old equipment. I will start selling them now, then wait for the next bear market to bid Bitcoin.
Selling something that has no value to someone else and using the money to invest in an asset like Bitcoin is a very good idea. Even if someone does not sell those properties, they will continue losing value and may eventually be worth nothing in the near future but Investing in an asset like Bitcoin is wise because it is volatile asset, and there is a probability that Bitcoin will be worth more than the amount invested in future.
However, instead of waiting to sell properties, why not start investing the money immediately by using the DCA (Dollar-Cost Averaging) method to accumulate Bitcoin? Waiting for a dip which nobody can accurately predict can lead to missed opportunities. Even if a bear market starts, nobody can predict how low the Bitcoin price will go.As long as far as nobody can predict Bitcoin price, it always better to start investing whenever you have money by buying regularly no to later wait for dip and not later get it as the price we target.