Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
bangjoe
on 12/03/2023, 17:25:56 UTC
At different times various issues have hit the Bitcoin market hard and bloodied the Bitcoin market. Throughout the year 2022, there were various issues, Terra Luna crashed, FTX crashed, now Silvergate phenomena which put the Bitcoin market in turmoil. No matter how tough the situation, experienced investors and traders never deviate from their goals. In this case, the inexperienced investors and traders will sell their invested bitcoins even if they come to this bloody market thinking that the market condition is bad. An important point is that Bitcoin has been declared dead 471 times at various times i.e. till today, but 471 times it has been declared dead but later it has been revived 471 times. That is, no matter how bad the market condition is, later the market will go to a good position. So, don't break down in bad situations, be patient and hold your invested bitcoins, and if the situation is good, you will be able to make your decision by understanding the profit.
We have seen that a few years ago, lots of crypto companies or others have influenced the price of bitcoin so that it plunged more than what we imagined at every moment and even reached the lowest price. regret when we listen to FUD that bitcoin will die when it crashes like last year when ftx crashed many people ran from the market because of that incident. the thing that makes me proud even though the amount of bitcoins I bought was not that much but buying in the $15k area is always medicine when there is a decline at a higher price.
I don't feel hopeless even though lately bitcoin has fallen quite extreme, even though last month's DCA I was at $24k but it doesn't make me panic because I still have the bitcoin that I bought at $15k and I plan to keep the bitcoin, and to become history the luckiest in my life.