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    Author Topic: Buy the DIP, and HODL!  (Read 192014 times)
    Wind_FURY (OP)
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    May 27, 2021, 05:45:15 AM
     #941

    It’s a personal choice, and for me, who has been observing the market for, more or less 6 years, it was obvious that everyone was in FOMO after it had reached and surged above 2017’s ATH. I want to buy in times of fear, to get a better deal for my limited capital. I’m not rich to buy Bitcoin priced at $60,000, and keep my sanity after it crashes -70%. Haha.

    I am somewhat trying to figure out ways to largely stick with the theme of this thread, even though personally I do believe in both supplementary practices, and even though you were the author of the OP of the thread, to me, you seem to have some difficulties in regards to whether you really believe in the OP of the thread, and sure you are free to change your mind.. that's for sure.  I recall participating in a DCA thread once, and the author of the OP wrote a very good description of what DCA was and even seemed to advocate it, but after a while he was all over the fucking place, and many of us should realize that DCA has some underlying values in terms of applying to asset classes that you already have confidence in their fundamentals, so in order to be effective with DCA you should be continuing to follow and apply such principles.. in my thinking similar with buy every dip and HODL.. once you believe in the fundamentals of the asset that you are applying the concept/practice (in this case bitcoin), then in order to stay most effective with such practice, you should be able to continue to apply such practices rather than turning them on and off, and if you turn them on and off, they will likely become much less effective... especially if turning them off on a dip.. .. but then the million dollar question remains how much of a dip is enough dip.... which is never going to be exactly clear, either.. even if still believing in the fundamentals of the asset (in this case bitcoin).


    The topic was created during the middle of a bear market, a time when none believed Bitcoin would surge back above 2017’s ATH. My mindset was Buy the dip and HODL, and be ready for that surge. Plus the dips during the lows of the bear market, and the dips during the highs of a bull market are not the same. A bull market is a seller’s market, a bear market is a buyer’s market. After the crash, the sentiment is starting to become bearish. Be ready to Buy the dip, and HODL.

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