Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Silikiem
on 31/07/2025, 19:36:49 UTC
The most important thing is to start consistently, not the amount of Bitcoin. To start any investment, you should first have money, sufficient knowledge, or absolutely perfect market conditions.
You don't need to understand everything about Bitcoin before you invest in Bitcoin, and you don't need to start your investment in absolutely perfect market conditions because Bitcoin is highly volatile, and you don't know when the market will be favourable for you to start your Bitcoin investment. If you have a source of income that guarantees you discretionary income, you can adopt the DCA strategy and start your bitcoin investment weekly or monthly based on the one that is convenient for you, and you need to set aside your backup funds or emergency funds. In case you have any emergency you didn't plan for, you can depend on your backup funds or emergency funds to solve your emergency, and it will not influence you to sell your bitcoin.

The only time we can say there is an absolutely perfect market condition is when there is Dip else there is nothing of such especially for an Investor because their target is always long term investment and so using the word absolutely perfect market condition seems like a trading term because as an investor you don't really need this because the dollar cost averaging is always there to buy at any time regardless of the market condition. And don't complicate or mistake back up funds to emergency funds because they both have different task even though they are both used to solve problems but the problems they solve differs.

The most important thing in investing is to start investing consistently, regularly and in a planned manner. You should not start Bitcoin until you know everything, it can be an unnecessary obstacle. It is better to start investing with some basic knowledge. Perfect market conditions are applicable for trading, it is not reasonable or necessary to wait until perfect market conditions for investing. Investing requires not only money or strategy, but also mental preparation. Because investing requires mental capacity to withstand market fluctuations. It is necessary to maintain consistency in investing, but you should also pay attention to the amount of investment and its consistency. It is not right to put yourself at financial risk. Investing in the DCA method helps you reduce average costs and reduces the impact of market fluctuations.

It is better for someone who’s desirous to invest in bitcoin to get started first in accumulating bitcoin rather than waiting to know everything before getting started. You mustn’t know everything about bitcoin before you get started in investing in bitcoin . The only thing you need to know is to be able to figure out if you have a discretionary income to invest with. Having a basic knowledge is good, but is not really enough reason to wait before getting started once your discretionary income is available. And also talking about mental preparation and the requirements for mental capacity to withstand market fluctuations, that’s why i emphasized you need only your discretionary income to invest with, and not to invest with not more than what you can afford to lose. As a long term investor, whose goal is focused on the long term aim of investing and consistently accumulating bitcoin and hold with your discretionary income, you don’t have to pay attention to the market fluctuations, the market price shouldn’t bother you and your mental health or capacity, your only concern is to be able to figure out your discretionary income and with the help of the DCA method of accumulating bitcoin, you can gradually accumulate bitcoin either weekly or monthly basis depending on how your income flows, and gradually build up your portfolio for the long term goals.