It is not a bad thing to buy the dip and hold buddy,
It’s a very bad investment strategy to buy only in the dips and hold when it comes to bitcoin investment. Saying that it’s not a bad thing to buy the dip is sending a very wrong message to people especially the newbies because it looks you’re still encouraging people to wait and buy the dip which is a very wrong investment mindset or strategy. This has been debated here often times and we’ve all come to agree that waiting to buy the dip is a bad investment strategy or mindset which really needs to be abolished, and for a dude like Nathrixxx to come up here and promote buying only in the dip you should be able to tell him first hand that it’s truly a bad investment mindset and not to coin words with him. Waiting to buy in the dip is bad as for someone who claims to be an investor, as a matter of fact such individual is not referred to as an investor but a trader because such mindset are perpetuated by those who comes to bitcoin investment just for a sharp quick profit making mindset, this people panic at every bitcoin move and are quick to sell off their holdings even when is not due time and when they also sell even when they are still in their accumulation phase. These people are not true investors as they are capable of abandoning their bitcoin investment totally as they have been waiting to buy the dip which doesn’t occur and they will end up not continuing to invest any more longer. Bitcoin investment is a long term investment and at such everyone venturing in it should treat it accordingly by being patient, consistent, persistent in accumulating bitcoin and hold for the long term goal.
I don’t think some individuals understand buy the dip, because if they do, they won’t say that nothing is bad in buying the dip, It is not a bad thing to buy the dip is a statement that discourage people that want to buy Bitcoin and make them feel like they can’t meet up, because when waiting for a dip and the market did not drop they will feel like they can’t meet the price they can afford, never encourage anyone to buy dip because at the end you will be blamed if they don’t have any valueable assets to hold at the end, understand that the price this year is not the price of last year and waiting for the dip is not advisable.
Buying the dip is not a bad idea but it is not advisable to wait for it when you are serious with accumulating, that is why i always recommend to buy with the DCA method, the method is the best for those that are not thinking of buying the dip and those that want to invest and they didn’t have enough money buy at once, with that you can be able gather enough Bitcoin for the future and buy without thinking negatively about the price or waiting for the market price to drop.
[/quote]
@HajiBagi, please some persons might really find it difficult to differentiate your post and that of Silikiem because it doesn’t show a demarcating line between the two posts for one to really understand which of the post is belonging to Silikiem and the one that’s your post. In as much as I can be able to identify which one is my post (Silikiem) because it was made by me, I don’t think others might be able to distinguish or identify which one is yours or Silikiems post. Perherps a little edit might help to enable others who wants to comment to be able to quote or comment respectively or accordingly.