Re: Buy the DIP, and HODL!

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Currently, the price of BTC is declining, and I think your advice is absolutely correct. This is an opportunity to buy BTC, as it's still at a low price. However, it would be a shame not to buy BTC at the current price, as it's already considered cheap, and there's potential for the price to rise to $120,000 or even more in the next few weeks.

Um... unfortunately, I haven't increased my purchases in the DCA because my discretionary income hasn't increased, but I think I'll try to increase my funds for now. It would be a shame to miss this great opportunity. Your advice is excellent, and it certainly makes me more enthusiastic about buying and accumulating BTC.

I would like approaching buying the dip in a different way and there are also guys who would be very conversant with the the approach of saving some money aside depending on how often we have availability of a discretionary income to save money aside to buy the dip when the opportunity presents itself, which I think that is a good approach, But where it would becomes a problem is when we literally have to wait for an uncertain dip to occur before we can buy and accumulate bitcoin, when we can always buy bitcoin through the DCA not even considering waiting for an uncertain opportunities.

I actually understand what you are saying and it makes sense because keeping a little money aside for dips does sound like a smart move.. When the market drops suddenly, it gives you an edge to stack more Bitcoin at a cheaper price.

But another thing is, not everyone has the same kind of income or financial flexibility.. What works for one person may not really work for another.. Some people barely have enough discretionary income to DCA consistently, let alone keeping extra cash aside for an uncertain dip they cannot predict.. For someone in that position, trying to force the save for dip method might just put unnecessary stress or even make them miss out entirely on regular accumulation.

For some persons, the safest and most realistic approach still remains sticking with plan A, just putting in whatever discretionary income you can afford, consistently. That way, you are not waiting on the unknown, and you’re not stretching yourself beyond your means. If along the way you find yourself earning more and can comfortably set something aside for dips, then fine, it becomes an extra advantage. But the foundation should still be disciplined DCA, because that is what truly works for most people over time…