Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 16/02/2022, 07:36:24 UTC

Thought so... So how can you know when you've reached a low point? Is this the lowest point in our history?


You will never know, and no one actually knows. We the plebs, and the poors can “only try” to find the DIP, but it’s important that we try than buying blindly at any price.

Quote

You may think it's impossible that bitcoin will ever return to these prices, but people who waited for a dip at 1400 had the same idea, and the price went down a lot and they waited for it to go down even more, and when it started to go back up they waited for it to go back down, but the price only kept going up and never saw those numbers again.

So, purchasing every dip is a fantastic idea, but it's not something you can easily do yourself without knowing when you're at the dip, implementation is more difficult than the advice. On the surface, I agree with the concept, however, I've had several failures with implementation.


My advice, find a job, and save. If you have a job, find a second job, and save more. Use that to buy every Bitcoin DIPs, but it’s your choice. You can buy now, or you can buy during the next bear cycle, which I believe will start either this year or the next year if past cycle patterns are to be followed.