Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Strong Hands Are Buying
by
wxa7115
on 01/07/2022, 17:10:53 UTC
⭐ Merited by JayJuanGee (1)
Well, that's not surprising. Good deals are made by buying cheap, and now is a time when Bitcoin is cheap. We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term. Uninformed retail investors usually do the opposite: they bought above $60-69k and sold recently.
Those weak hands do not really know what they are doing, even if they bought at the top of the market this was the perfect time to do some DCA, and by using that strategy reduce the average price at which they bough their coins and then become able to breakeven way earlier than if they just held their coins.

It is incredible that after making the mistake of buying bitcoin at such an expensive price they make the second and even more crazy mistake of selling so cheap when the opposite move is what it was needed for them to turn a profit in this market.