Re: Buy the DIP, and HODL!

Waiting for a drop is never the right approach. This will make you miss out on buying. You think that if Bitcoin reaches $90,000, I will buy. If it doesn't, then you have missed out on buying. You can continue to buy consistently using the DCA method, so you can buy at all levels. If you want, you can set aside some money to buy aggressively.

If you are going to hodl long enough - you can buy anytime, and be in profit.

I don't know if as many as possible were able to identify the trend of double top and double bottom and how this has been shown recently on the market performance if we are close on the chart, we would have seen this coming and know the kind of position to take as regarding investment, but for the time being now, we should expect more of the market pump and its more likely that we get to all time high this month or sooner.

If someone to be following bitcoin chart pattern up and down it will be hard to invest in Bitcoin and hold it for a long period of time. This is because chart analysis will always try to mislead someone, causing them to time the market rather than consistently buying Bitcoin. Procrastinating while following the chart can prevent someone from making an investment.Even if someone invests in Bitcoin for the short term, they might sell when the price increases, only to try timing the market again to buy at a lower price. That pattern is more suited for traders, and constantly trying to time the market can lead to losing everything someone may have.

The best way to be a great investor is not by timing the market but by buying Bitcoin consistently over time. Using a dollar-cost averaging (DCA) strategy, where you buy weekly or monthly, allows you to accumulate Bitcoin at different price levels.The truth about Bitcoin is that it is very hard to predict. Those who claim to predict it are often just guessing, and nobody truly knows what will happen. Any accurate prediction is more a matter of luck than expertise.

Most people who spend their time in watching the price of bitcoin market when it deepens and when it goes up are people who are probably more interested in trading, because they will always want to grab the opportunity of selling when there is a profit in there short term investment.

Trading is stressing and risky,the time a trader spend in monitoring the market to see if there's any slight opportunity for him to sell his Bitcoin for little profits can be stressing to the brain. Why should he pass through all this stress and risks so much when he can just invest for the long term and have peace of mind. Investing in the long term saves him from unnecessary emotional stress when there's a future decline in the price of bitcoin. Since he is now on a long term plan,his main focus will be shifted from monitoring the market to accumulating more bitcoin as much he can. Using DCA strategy will even help him to accumulate more Bitcoin with ease,at a steadily pace and within his financial limits while Hodling for the longer term. Basically, Hodl for the longer term will gives him better profits in the future than what he gets from selling in a short term for cheap gains.

Of course, an investor should always ignore the market price and focus only on accumulating Bitcoin, price volatility will never end, but the dumping of Bitcoin's price due to this volatility is also not permanent. The market price of Bitcoin is always temporarily dumped due to volatility, but it certainly has long-term value. So if an investor is unnecessarily worried about volatility and disrupts his holdings, then this is definitely his failure, and he will definitely regret it a lot. A real Bitcoin investor never panics, those who really know Bitcoin always think only of buying, no matter the price. And if you want to get real financial success from Bitcoin, you have to invest in this way for the long term, with always ignoring the market price.