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.

If your discretionary income hasn't increased, you should continue DCAing with that amount and you will still buy more quantity of bitcoin when the price is higher than the current price. It's better that you don't use money that's not your discretionary income to buy bitcoin because it's not compulsory for you to use more money that's not part from your discretionary income to buy bitcoin because the price dipped, so that you don't put yourself in a tight situation that you will have to sell part of your bitcoin when you need that money.

When we make the wrong decision in our bitcoin purchase, it will lead to depreciation of your bitcoin portfolio and that is what we should prevent and avoid. It's better to continue piling up, than reducing your bitcoin size when it is not of our own will.

I understand what you are saying but I think dips that are pursued on top of your discretionary income can be perilous. Bitcoin can fall and at times fall further and therefore, when you overreach it may probably panic and sell it when you really need the money. The entire power of DCA lies in that it creates consistency and eliminates emotions.

Missing a single dip won't make much difference in the greater scheme of things but losing discipline will be self-destructive in the long run. The consistent ones in the past cycles would always turn out to be profitable even without timing the dips perfectly. Better to strike a balance such that you can still have money left to invest when even greater opportunities present themselves.