Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 19/04/2023, 09:21:24 UTC
⭐ Merited by superman184 (1)
I completely agree with your suggestion that it is always beneficial 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, these fluctuations present good opportunities to get entry at lower prices whenever such an opportunity arises.
involvement in Bitcoin is quite fun buddy, indeed the current market conditions are not stable enough after Btc ran fast from $20k to a price of $31k of course we will see the market reaction to the decline, Well today the market is back in the red where Btc has corrected to a price of $29k which makes the balance of the market situation in the Bearish category which we can use to buy in this declining condition.

it is likely that we will not correct more strongly given the volatility of the bitcoin market is quite strong and it will be as soon as possible that we see a more rapid reversal. buying at a time of decline is a wise enough thing to hold back until we really see the profits coming our way.