Re: Buy the DIP, and HODL!

Yes, waiting for a price drop when buying Bitcoin is not an appropriate strategy for long-term investors. Logically, we should understand that waiting for a price drop is a strategy that is prone to dilemmas. So, rather than worrying and missing out on opportunities, I don't think buying Bitcoin should be fixated on price. Regardless of the current price, it's highly likely that in 10 years, the price will be much higher, and we'll profit. So, why ignore momentum and choose the right price when buying Bitcoin?

There is nothing wrong to wait dips for purchasing bitcoin but experienced investors do it differently than newbies. Newbies wait for lower prices, try to find bottom prices to buy in, while experienced investors can do Dollar Cost Averaging regularly and don't mind about price, or they can wait for price dips of 10%, 20% or 30% and buy without concern about at what prices they make purchases.

They know that price dips are very good for accumulation and if they can hold bitcoin for a long time, profit is very good especially if they buy in dips.

The thing that is always observed in the case of newbies buying Bitcoin is that they act hesitantly. They cannot understand the right time to buy Bitcoin. Of course, I agree with you that when the Bitcoin market is falling, they buy more and hold it for a long time. Experienced people take advantage of this falling opportunity, and they invest more than their Bitcoin buying budget during the fall. On the other hand, newbies are immersed in a panic around the Bitcoin fall and as a result, their Bitcoin investment is disrupted.

When the market is in a slight decline, some investors panic. They start thinking that maybe their losses will start from there. Bitcoin is a volatile cryptocurrency and it is unknown when it will increase or decrease. But for those who do not panic and just hold Bitcoin regularly during that time, the temporary decline of Bitcoin will not have any effect. For those who can speculate about Bitcoin, the decline of Bitcoin is an opportunity and for those who are ignorant about it, the decline is a panic. In any situation long-term holder of Bitcoin will get the advantage. As a new investor, if he only does DCA regularly, he will not face long-term losses but will be able to acquire permanent assets by growing his portfolio.

Most at times when I see people panic as a result of a drop at the market price, I always tell myself that this people have faulty foundation, because if the foundation is right, there will be no room for panic bite. The first lesson every investor should have is the understanding of the terrain, because if an investor does understand the terrain, it will automatically solve 70% of the problems they might face in cause of their investment journey. Bitcoin investment is not a roller coaster, it has up's and downs which is the integral part of the market formation.

Someone who is an investor in bitcoin and knows the volatility nature of bitcoin would never panic when there is a dip or downturn in the price of bitcoin, Instead what a realistic investor would do is to take the opportunity and keep accumulating, any folks that gets scared an panic whenever there is a downturn isn’t an investor someone who have a good knowledge of how bitcoin works, and knows what Bitcoin is all about and how it appreciate after a downturn, would definitely exercise patience and continue to hodl for a long term purpose and keep buying and keep accumulating more Bitcoin.