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Author Topic: Buy the DIP, and HODL!  (Read 103684 times)
Stablexcoin
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Today at 01:32:19 AM
 #10641

I think none of us missed buying on dips today. Yes Btc touched $57860 today, an opportunity for us to increase Btc holdings when the price drops. Basically, fund allocation should be prioritized because at times like this we can increase purchases to be more aggressive. As OP said buy dips and hold them, so when the price drops we have to make the most of it.

If there are no reserve funds, it is quite regrettable if we have to miss the opportunity to buy during a decline like today. For that, arrange the distribution of funds as well as possible to be able to take advantage of the reversal when it happens suddenly. DCA certainly works as it should and purchases when the price drops can also be done if we are good at setting strategies in long-term investment planning.
There is no need to regret if we don't have extra funds during this period the price dipped then it is not something to be worried about. There will be a next time to buy the dip. it could even be below the amount we consider as the dip currently. We don't have to push ourselves too hard to buy the dip, and many people make such a mistake. It makes them tamper with other money that was supposed to be for something else other than Bitcoin investment which may affect our economic and needy aspect of life. Many people go as far as using meant for tuition fees, upkeep, health and to mention a few to buy the dip without considering the effect of doing so.

I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.

promise444c5
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Today at 02:54:13 AM
 #10642


I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.
You might be right and still wrong at the same time  Smiley, you could wake up tomorrow morning to see it pushing towards 70Kish and might never dip to  the amount you mentioned but nevertheless it's  still hard to predict as there could be more Dip.
Not saying investor should force it but if there's any disposable fund for it then it can be considered to be used for buying apart from that ignoring will be better... for DCA investors there won't be much difference just as JJG mentioned and thus doesn't mean they cannot or shouldn't buy dip if they can without affecting their next buying.
Time like this could be full of opportunities and it's best seizing it if you can /you are capable

R


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AirtelBuzz
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Today at 05:13:32 AM
 #10643

Of course, if it is possible to hold Bitcoin in the long term, then such investment strategies must be adopted.  Investments are usually only profitable if they are long-term, but investing with a small amount of money can be done long-term only by following the DCA method. Many people use many types of strategies but the DCA strategy is one of the most popular strategies, where all investors have found success using the DCA strategy.

Dollar Cost Averaging DCA in this investment strategy if an investor can make his investment consistently then he can succeed in this strategy with low risk. We who are real investors, before thinking whether we will make a profit, think about whether we are investing in the right strategy and how much our money is safe or at risk after investing.  

I invested 1000 dollars together and at one stage of bitcoin market I took that investment if the market dumps then there will be additional loss but the investment remains the highest risk but it is different with DCA investment strategy.  
In the DCA investment strategy we will invest that $1000 in several stages and we will maintain the consistency of the investment so that we can buy bitcoins from each stage when the price changes.  
By doing this it will be seen that we are investing reducing the risk in our investment.
DCAing is one of the best ways to buy Bitcoin for long-term investment. Every investor thinks or plans repeatedly before investing that they will be able to profit from their investment by adopting a strategy. So to avoid this anxiety during investment one should gain experience about investment. Basically the main goal of every investor is to earn profit from the investment.

The $1,000 you mentioned might not have been high risk if you had invested in a few steps. It would be considered best for you if you invest some of your dollars in dip season and some amount every week or month using DCA strategy. Instead of doing that you bought $1000 worth of bitcoins at once but if you had used it to buy bitcoins during the dip season you might have made a profit instead of a loss. So the plan should be definite before investing, so that your investment does not suffer.

R


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Tmoonz
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Today at 07:00:37 AM
Last edit: Today at 07:11:42 AM by Tmoonz
 #10644


I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.


There is yet no guarantee towards your believe hence Prioritizing  it can become very problematic if things didn't work out as expected, it is better we focus more on prioritizing sizing every opportunities that present itself if the money is readily available for investment, in as much as buying the dip offers buying more Bitcoin at a lesser amount of money compared with buying at it previous high, my point is that it is also possible that Bitcoin might not dip to your speculation by going higher. The truth is that you don't have to be expecting too much as the market can be very uncertain.

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