Re: Buy the DIP, and HODL!

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

I have never advised anyone in my life to do a business or invest in something am not sure of. So, since the day I took a bold step to follow a candid counsel to join this forum and learn more about the future of finance and wealth distribution that revolves around bitcoin of whose is cryptocurrencies number one, I have never regretted it till now. Am happy that one may not even need millions to invest in owning some bitcoin at the moment, but what matters is if they have a source of income that would enable them to maintain a strategy of investment until a good time that may be up to 7-10years and in like the bull season where they can sell or reinvest into other businesses or cryptocurrency for better returns or for proper positioning in the financial market.

It is a Bitcoin discussion thread and that is where the center of our discussion here is based and not cryptocurrency that being said, if at the point that we have gotten to our Bitcoin accumulation target and feel the need to make some strategy withdrawal including considering diversification then it has to be a business that is not Bitcoin related, such as lands, real estate, or selling commodities will be more better and appreciated than any cryptocurrency in expectations for better returns in the financial markets just as you said in the post above.