With what?
Real bitcoiners don't buy dips because they are already all in...
stagada...
Discussion
People have these things called jobs that pay them an income.
I have this thing called a job that pays me an income, but that income is auto-converted to sats so I never have any dollars.
I have an income, but can't buy dips. I'm always all in.
...unless than dip coincides with payday...
That doesn’t sound optimal but I know you’re not the only one who does it.
I believe it's optimal for this portion of the cycle. It's hardly a fixed strategy though and will be adapted and changed as market conditions evolve and the cycle continues to play out.
I just can't find a good reason to keep fiat around in times of likely appreciation against fiat.
Buying extra sats during dips is a good reason 🤣 But yea no strategy is foolproof, and I’m nothing if not a fool. 😂🤝
Beyond this, the total automation of the process removes concern about short-term price fluctuations for me.
I used to see fiat hit my account and agonize over whether I should buy Bitcoin then, or hold out for a lower price. I'd sit and stare at the charts, trying to find the correct path.
My current strategy makes for a more peaceful life. I provide value to the world, and know I'll get Bitcoin in exchange. The price will be what the price will be, but in the end, I'll just be living my life and working on developing my skills.
Why not? it even has a name it's called DCA (dollar cost averaging)
No it’s more of a periodic lump sum buy where he’s immediately converting all available cash on hand as soon as he gets it. DCA means you have the funds on hand and you spread out the purchases in fixed amounts over a set period of time. With DCA, if the price dips, then you actually would have some cash on hand to buy more if you wanted to. If you lump sum every paycheck, then you don’t. Both are good strategies.
My point exactly
Good question.