Just today, I read the title of this post again “
Buy the DIP and HODL” and decided to go over the OP again.
You know, buying the DIP is a good strategy but, that’s a strategy for those that really understand chart analysis or have to go over chart analysis before buying. That isn’t what we often see from the content of many comments on here, it’s more about DCA which doesn’t require any analysis to buy but just funds that you can spare or invest with and some knowledge on where to buy and what wallet to save it in.
Thats why, i feel the “
DIP” in this title, could it have been Buy using DCA and HODL… not my thread but just a thought.
If you are new to bitcoin, it is likely better to just be buying regularly rather than trying to figure out if there is a dip or not.
The DIP is always eluding, you never can tell until it’s back up and waiting to find where that is can also lead to reasons why people would procrastinate and never invest. So DCA saves you all that and keeps you actively investing.