We can look at the topic of this thread, and we can see that the thread is not about DCA - even though DCA ideas have kind of taken over the topic of the thread - perhaps because it is a bit of a superior idea over the idea of buying on dip and holding (or even the ideas about buying on the dip)..
Hi buddy.. After the exchange of views a couple of times a discussion between the members and my own experiences and learning I started a topic in the Bitcoin discussion where I was expecting that seniors would guide and put forward their views on the Different strategies adoption in different market zones. Haha but unfortunately the topic became a simple DCA praising discussion.
Anyway I would like active members from here to discuss the topic there according to their perspective, it would really helpful for the newbies and members like me who are desiring to get some wordic from the series on different aspects.
Previous Topic Name:
How To Accumulate Bitcoin More Effectively In Any Market ZoneCurrent Topic Name:
DCA vs Zone Specific Strategies While Accumulation of BitcoinsYes.. I see that you started that thread a couple of days ago.. and I'll put that thread on my list of threads to look at.
Of course, there are quite a few threads that end up having overlapping sub-themes.. and at the same time, sometimes we do need to go back to the OP to try to figure out if members are still even trying to stay on topic in accordance with the OP or sometimes the original topic might even become irrelevant in terms of what kinds of ideas might be being discussed within the thread, which might end up being a sign that the thread needs to be closed.
I doubt that the topic of buying on the dip and HODL will ever become irrelevant, even if those practices are subsets of a variety of different kinds of BTC accumulation strategies that normies likely end up employing.. and that such practices and the extent to which they are done might change depending on where normies are at in their bitcoin accumulation journey (and we know that there are so much of the overall world's population that have not even started accumulating bitcoin yet.. they are barely passed the hearing about bitcoin and thinking they know what it is, so one of the next stages for the no coiners is to get some of it and at least become a low coiner prior to advancing further.. or losing their coins if they screw it up or don't realize which coins are more valuable in accordance with Gresham's law ideas)..
Bitcoin is called a risky asset because of its volatile nature and that is why, one needs to invest with only the amount that he can afford to lose, so that if bitcoin price goes below his entry point, he can just ignore the price and keep on hodli. That is why it is advisable not to borrow money to invest in bitcoin so that you don't end up selling when it isn't your will, to avoid loss.
We saw Bitcoin price was stable at 30k USD few weeks back and then there is a dip triggered due to some news. Bitcoin in that DIP went down from 30k to 25k and that's the time where your nerves as a HODLER are tested. Its easy to say to HODL but not many can see there investment going down. That DIP is now over and Bitcoin price is moving up towards 30k again. If you have bought Bitcoin when it was down then surely you are getting some profit at the moment. Accumulating more when Bitcoin is down is more beneficial then when its up.
For sure, it seems that the dip from $30k to $25k is over.. but not easy to say with certainty.. since we are currently in the middle of the range.. so no one can really say for sure that the dip is over.. and that $25k support might not be broken to the downside.
It is hard to bet either way, even though sometimes people act as if they know, and then they tell you "I told you so," after the fact... but I doubt that they really know with any level of confidence that maybe at best might get into the 60% to 70% arena before all the events end up playing out.
Sure, from time to time, there are some price set ups that make it seem more likely of one price direction or another in the short-term, but I doubt that we are currently in one of those kinds of a set up.