Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
imamusma
on 13/03/2023, 18:12:48 UTC
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.
The fact is that the market can never avoid volatility, so make sure you only invest what you can afford to lose.
When you've been in this space longer than others, then hopefully you've found the right way to understand how the market works in the long term. FUD is of course bad if you think it is, but otherwise FUD is an opportunity you never expected to buy bitcoin at low 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.
DCA is working for those of you who need time to save budget or perhaps have doubts about the potential for the next price drop. But if you're willing to hold bitcoin on a longer time frame, then I guess lump sum is fine too.