Re: Buy the DIP, and HODL!

Yes, if rich people buy, they certainly have to buy too. If we have money, for example... if we don't, just be patient and wait until we get wages to buy. Grin

Buying BTC when the price is dropping is a good thing because we'll get a lot of BTC. However, I think buying when the price is rising is also fine, as long as we intend to hold it for the long term. In my opinion, buying BTC using any method is certainly a good idea because BTC certainly fluctuates, and we can certainly take advantage of those fluctuations. However, in BTC investing, I think the most difficult thing is the temptation when the price has risen high and we suddenly want to sell it. Of course, I think that temptation is sometimes difficult to resist. So, in essence, I think that temptation is difficult to overcome. Of course, currently, many people regret selling their BTC at prices like $70,000 or $100,000 because they thought it would drop again, when in fact it didn't. The point is, a strong intention to hold and retain BTC is certainly one of the keys to successful BTC investing.

Buying BTC when the price is falling is a must for those who are already familiar with Bitcoin because they don't want to miss out on accumulating more Bitcoin. But if they use DCA to invest in Bitcoin, they won't pay much attention to the price. They'll simply focus on buying at specific times and then holding on. They won't be swayed by temptations like selling when the price rises, because their goal is long-term. They could have sold their Bitcoin at $122,000 yesterday, but those with long-term goals won't be tempted to sell. They'll hold on until their target is reached. But some people sell some of their Bitcoin to take advantage of their long-awaited gains, and that's not wrong either. They have their own plans, and they'll certainly be different.

I agree with you, everyone who understands the basics of Bitcoin correctly, they all time decides to deposit and hold Bitcoin consistently, and DCA is the best for this, only by maintaining a long-term view in Bitcoin investment, real profit opportunities are created, otherwise you will never be able to achieve real success by thinking about short-term profits, because Bitcoin is successful in the long term. Therefore, in Bitcoin investment, a long-term planned decision is required and that decision must be completely fixed, in the meantime, never think about selling for short profits, and do not panic and decide to sell during fluctuation, you have to hold for the long term with patience.

An individual who wants to have a successful investment and wants to build a successful bitcoin portfolio, would definitely consider investing and buying bitcoin consistently, Investing with DCA is quite suitable for someone who have a small income and a discretionary income to keep accumulating consistently and buying bitcoin on a regular basis, Not forgetting there might be people who also try to accumulate bitcoin with a large sum by appreciating lump sum, who have into other details of financial abilities and have some money somewhere that can decide to buy bitcoin on a regular and want to also front load there Bitcoin because they want to meet up with some past time of ignorance by not starting earlier which might also be working for them to accumulate more, but I will think that some folks would have to accumulate through DCA because it’s more sustainable for them depending on there financial abilities.