Quote from: Falconer on February 25, 2023, 03:52:51 PM

Quote from: Wapfika on February 25, 2023, 11:37:45 AM

It will be hard to determine whether the price will go dip again, but when it comes in Bitcoin prices it's good to just hold provided we have money to spend in our needs and everyday life also in case of emergencies so we will not be required to sell our investment at low price due to the fact that we put our money all in Bitcoin. I do accumulate Bitcoin whenever I can, but also pay my insurance, bought some stocks and left some savings at bank. We can't guarantee the prices but remember we're not at loss in crypto or in stocks as long as we don't sell it.

Believe that the price will definitely fall, but no one knows how deep the decline will be. Price changes in the market are the most unavoidable thing which is then referred to as volatility, and that's how the market has always worked.

Buying every dip and hold is great for your long-term investment, especially if you actually have the budget to stick with it consistently. The potential that bitcoin has in the long term is a possibility, and the so-called probability is definitely uncertain. You have to understand what the risks are, but that doesn't mean you shouldn't invest. Only play an amount you can afford to lose, whatever it is.

If you have that kind of mentality and you are willing to wait for a much bigger profit, this kind of strategy will work and will give you big benefits when another bull market hits up. It's not an assurance as no one knows what can be the fate of crypto, especially Bitcoin, but looking from the past market movement, it really gives a huge amount of benefits to all who believe in doing a long-term investment.

It's up to your good knowledge to take that long risk with a huge percentage of your investment using Bitcoin as your main source.