Season of buying the dip and hodl is never over, we can adopt the use of one or two accumulation strategies such as DCA in buying to hodl upon every dip, this makes us to have the foresight ahead of what is expected, because we are already under a particular patter than can help meet up with the future demands in selling, base of the strategy adopted.
Then if we think we are not the good type that can know when exactly is the best time for an investment to be taken, then we may only have to wait and hold with our asset, till the market pump and be in our favour before we can sell, which is best approach for anyone to take and be more safe.
As a long term bitcoin investor, whose initial strategy is based on the long term goal of accumulating and hodl bitcoin, I don’t think there’s a a particular time designated as the best time to accumulate bitcoin and hodl for the long term goal of consistently, or rather persistently accumulate bitcoin and build up your portfolio. The idea of waiting to buy the dip isn’t the best strategy or should I say that such approach is a wrong approach and is capable of misleading newbies who wants to venture into bitcoin investment. The reason is because while waiting for the dip to occur, so much time have been wasted and this time wasted would have been able to go a long way in accumulating a reasonable amount of bitcoin stash and gradually build up your portfolio. Waiting to buy in the dip which might not occur, you are liable to lose interest in your quest for bitcoin investment and even if you already started, you might end up abandoning your investment because you are waiting for the dip to occur and you keep getting disappointed and start panicking to sell for quick gains. Such mindset is a trading mindset and not an investor’s mindset.
The DCA method of accumulating bitcoin is there to enable you accumulate bitcoin no matter the price, and without timing the market. You mustn’t buy all the bitcoins, you can accumulate little by little using just your discretionary income. If eventually along the line as you keep accumulating and then boom the dip occurs, it’s just going to be an added advantage for you to accumulate as much as you can and hodl. But waiting to buy only when its dip shouldn’t be the basis upon which you’re building your investment because it’s going to slow you down and you might end up not even continuing your investment.