Re: Buy the DIP, and HODL!

I don't know what's going to happen to the price tomorrow, whether it's going to surge or whether it continues to go on a correction lower BUT, I believe we shouldn't worry about such things. If you're still accumulating Bitcoin, you should be thankful to have been given the opportunity to purchase more units of Bitcoin for the same amount of fiat TODAY than you would have if you bought during August 13!

Cool

Continuing to save has definitely been a good thing. I'm actually waiting to buy more if it falls below $110,000. I love bears Cheesy

Bears have always been beneficial to me. I'm not in a hurry at all. I understand that long waits can test one's patience, but aside from all the worry and stress, these corrections are very beneficial for Bitcoin's rise.
These corrections remind me that Bitcoin needs to continue to perform better in the future.

You are choosing to buy Bitcoin at a DIP. How one invests in Bitcoin is entirely up to the individual. It is true that if you buy Bitcoin when its price is low, you can make a lot of profit. I am not saying that you should not buy at DIP. But those who buy Bitcoin at DIP or when the price is expected to fall are mostly short-term investors. Those who invest in Bitcoin when it is low do not have proper investment management. They invest a lot of money at once.

You breaking a very good point but you ended up mixing things up a little thereby appearing to be entirely against buying the dips or shifting it to belong to traders only. This is not correct. You can buy the dip and still hold for a long time, it all depends of you will be disciplined enough to only use your discretionary income to buy the dip or if you will allow greed to make you invest amount that you cannot hold because of how important and urgent the money is to you.

I am using the DCA method to buy bitcoin but I do not limit myself to that. What I mean is that if I run into extra income that I have no use for, even though I'm buying with the DCA method which I don't plan to stop, I will still execute some buy orders whenever I see a dip and I will even do it aggressively to get more bitcoin at lower price. You just have to ensure you invest your discretionary income only and also keep emergency funds which is like the protection of your investment.