21 sats \ 3 replies \ @JesseJames 23 Jun \ on: Operation Saylor - Episode 24/120 bitcoin
Another theory one might have is to save and buy a dip. We know there will be a dip, the issue is with timing naturally but still perhaps beating DCA. Now , one needs to define what dip is? what percentage within what time? What is the trigger?
Say, put $500 a month on the side and accumulate/wait (vs. doing DCA or paying back the loan) Then execute the trigger when it matches your parameters (e.g. price of BTC dropped 5% within 2 weeks, you set your real trigger based on your research).
The longer you wait the more capital will accumulate but if the BTC price will gradually increase (no dips, no jumps in prices, just constant grow) you missing the boat of buying cheaper BTC. Risk vs reward. YMMV. Thoughts?
I don't think I can time dips and pumps. I plan with a multiple year horizon.
One thing I am clear on is that, to win, it's as important to go short fiat as it is to go long Bitcoin. So the idea of sitting on cash, waiting for "the right moment", sounds terrible to me.
After all, fiat is debased in a very continuous manner. So I don't think there is much to win by staying on fiat.
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"... So the idea of sitting on cash, waiting for "the right moment...After all, fiat is debased in a very continuous manner..."
Touche. Didn't think of that this way but that's a valid argument. In multiple years plan fiat definitely will lose value, quite opposite to BTC, yet another reason to buy almost ASAP.
Another thing to keep in mind that Saylor's team most likely chew over this a multiple times, so sometimes its not horrible to take someone else's idea and use it.
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