Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Sayeds56
on 16/04/2023, 10:37:27 UTC
⭐ Merited by JayJuanGee (1)

I would suggest that even if many folks do not buy bitcoin on the dip and they end up coming into bitcoin much later, they will still likely do o.k. to get involved in bitcoin rather than continuing to stubbornly resist bitcoin, so there remains quite a bit of advantage to get into bitcoin sooner rather than later and to work out various psychological difficulties that come with bitcoin's ongoing volatility that is likely not going to start, and also just continuing to learn about bitcoin along the way, and surely even very rich folks learn about bitcoin and can be humbled by bitcoin at various times..and it can take a while to build a stash that causes someone to become more psychologically stable and to begin to believe that s/he has enough bitcoin.. and perhaps even the Michael Saylor (MSTR) example shows that buying a lot and buying more than others might not feel like enough for some folks.  Others come in at various high prices and then they might buy a lot of BTC with average costs per BTC that are way above the BTC price for significant periods of time prior to starting to getting back into profits and feeling more comfortable to have more options when in profits as compared to not being in profits.. even though ongoing buying of BTC while not in profits will likely bring down the average cost per BTC.

I completely agree with your suggestion that it is always advantageous to get involved in Bitcoin even if someone misses out the opportunity to buy at major dip.
I think the volatility of Bitcoin will persist until marketcap of Bitcoin reaches to a more substantial level, such as 5 trillion or higher, as on this level it will become difficult for whales to speculate the market. Despite current volatility, current fluctuations present good opportunity to get entry at lower prices whenever opportunity arises.