Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
DubemIfedigbo001
on 13/05/2025, 05:29:09 UTC
⭐ Merited by JayJuanGee (1)
I I'm assuming that you are referring to buying the dip and if that is the case, it's obvious you are missing an important ingredient of that method of Bitcoin accumulation.  Buying the dips does not mean sitting idly and waiting for price to drop neither does it forbid the person from apply other methods to buy Bitcoin while still setting aside some funds with which to buy should price drop below a set target.
There are many investment strategies and you can choose one strategy that works for you or combination of some strategies with different parts of your investment capital. If you don't want to have headache, you can simply use DCA, but if you afford to follow up the market and want to find better prices you can wait for dips. Time the market, find the bottom (best price) are difficult so "Buying dips" is good if you apply this strategy for one part of your investment capital. I still think your main capital part should be used with DCA strategy, not with "Buying dips" strategy.
This is the worst advice you can give to a low coiner or a no coiner since they do not have much bitcoin to their holdings. It is better not to wait for the dips at all, but follow up their accumulation of bitcoin with more dedication and consistency. Remember a newbie to bitcoin has a lot to learn and practice in terms of accurate cashflow management, building backup funds and remaining consistent over a long period of time and waiting explicitly for the dips do not do him any good in his journey ahead.

Also waiting for the dip is not a guarantee that the person would continue buying bitcoin at a later time since he would have his targeted dip and keep waiting for a targeted and speculating on an entry point which may not come and he ends up not even investing at all, worse of it all, he may start entertaining fear and even start doubting his choice to invest into bitcoin.

The better option is this, If the newbie is interested in buying dips , he can choose to create a separate variance of backup fund for buying dips and if he regularly invests $100 weekly into bitcoin for example, then he can choose to continue investing $70 weekly and continue saving the remaining $30 until his anticipated dip comes and he buys bitcoin with it, that way he won on two sides, he didn't stop his regular accumulation and he would have a good sum to buy more quantities at cheaper prices during dips.