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If taken for granted that the price of Bitcoin is going up forever, should we just rebrand the dips as discounts? Why people panic instead of getting excited with the opportunity that dips offer – cheaper sats?
Everyone loves a good discount, easy to see in events like black Fridays, post-Christmas sales, and all other big yearly sales events. Dips on the price of Bitcoin are not scheduled like these events, but we know they will come. I ask myself, what’s wrong with the human psychology that makes people freak-out during dips.
I also enjoy seeing the price going up, of course, it gives me lots of dopamine rush and specially during bull-markets, the violent punches of 10..20% are so beautiful, but gotta appreciate the down punches as well, just like a rollercoaster. The bull markets should also teach Bitcoin investors to appreciate the dips, if the price just runs up, then it is harder to accumulate sats. Bitcoin will run back to its ATH, and beyond, we knew this when it ran to 69k and back to 20k, but we never know exactly when, one must sit back, relax, and wait – and BUY THE F0CKING DIP!
No more money for buying dips? Here’s my 2 strategies to buy dips:
1 – Save part of your DCA for an “Opportunity Reserve”
I DCA an amount of Euros per month, say it’s 100 Euros a month. If the price is not crashing at the moment of my DCA purchase, I usually save half of the amount as a monthly opportunity reserve, and if the price crashes a 5 to a 10% during the month, I do the rest of the purchase, if that doesn’t happen I usually just buy it on a random day that I feel like accumulating more, best would be to leave it as a reserve for the next month.
2 – Sell your liver
Just like @Sayor once advised, sell your liver, but keep your Bitcoin, this just means, sell anything that you won’t need for the foreseeable future, even if it is 50, 100 dollars’ worth and buy BTC. In my case, the “liver” has been a few stocks from Brazilian companies, which I bought between 2018 and 2020, the companies have been promising, however Brazil is going downhill as a country with almost 30 years of socialist government and possibility of reelection, transferring all this to Bitcoin is a no-brainer.
How do you see the dips? Any alternatives to how to have an opportunity reserve? Cheers!
Just buy it. If you're thinking of DCA and saving your precious fiat by making small investments in bitcoin, it's because you don't care about the future of bitcoin as money.
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