Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 21/08/2025, 04:37:11 UTC
[edited out]
Of course, buying Bitcoin when the price drops is very profitable. But I didn't include it in a category because I don't want someone just starting out investing in Bitcoin to wait for the price to drop before making a purchase. If they wait for the price to drop to a relatively low level, I think it's fine. But it would be problematic if they waited for Bitcoin to drop to tens of thousands of dollars before making a purchase. As we know, the potential for Bitcoin to drop to tens of thousands is very small. So I don't want anyone to wait too long for something uncertain when investing in Bitcoin. But again, I emphasize that if HustleZ waits for a relatively low price drop, he could still be waiting to make a purchase. So, basically, we don't know what his plans are if he chooses to buy Bitcoin during a price drop. Therefore, I didn't include buying during a drop in the category because I'm afraid he'll wait for the price to drop significantly, which would be a waste of his time.

I still think that we should say the three options rather than just providing two options, and sure if we think that one of the options is not a good one, then we would just state why we are eliminating that option, yet if we give no explanation, it might seem that we don't understand the three options and that we might believe that there are only two options when there are three.

Frequently, I will try to dissuade a person who has only a small weekly budget, such at $10 to $40 from even considering keeping funds on the side for buying the dip because there does not seem to be enough value to be dividing up... Yet, surely some guys might buy weekly, but still want to attempt to figure out when the cheapest time of the week might be, and there is nothing really wrong with that as long as they might be able to stick to their buying every week no matter what (as long as they have the $10 to $40 of discretionary funds that they have dedicated to weekly buys), especially if they are a newbie.

In the end, each person has to decide for himself, and if he has a lump sum of $5k to $10k, then he has more options as compared with the guy who only has a budget of $10 to $40 per week that is available for his ability to buy bitcoin.

A guy might go through way more struggles in his trying to figure out what to do during the first few times that he does it, yet once he has worked out some ways of thinking about it, he might figure out some ways that make him more comfortable in regards to both exploring his options and then carrying out his options, and surely a guy who has $1,500 per month of expenses and maybe he ONLY has $1,200 in his emergency fund, he may well might not have had even thought about putting part of the $5k to $10k into the emergency funds, and he might feel a lot better if he figures out some amount that is comfortable for him, yet one piece of what he does may well have to fit in with other things that he is doing.  Many guys who have a discretionary income of $500 to $1k per month may well not easily come up with having $5k to $10k of extra cash, and so there might have had been something that the guy sold in order to get the cash and/or another option is that a guy knows that he is going to receive a $3k bonus, and his usual income is around $2k, so he is receiving an extra 1.5 months of pay which truly seems like a lot of money for him, and it gives him options in regards to how to allocate that extra money in terms of the three styles of buying bitcoin and also in terms of how much he might want to put in his emergency fund.

The more his bitcoin investment grows, perhaps after investing for 4-6 months or longer, then the guy starts to be informed about what to do in the future in part based on how much he already put into bitcoin and perhaps he might be influenced by whether it is growing or not, even though many of us consider that newbies should not be getting influenced by whether or not his bitcoin are in profits, perhaps not for the whole first cycle, even though sometimes guys wiill be affected by their assessment of their BTC holdings.