Post
Topic
Board Speculation
Re: Time to Hodl or buy the Dip?
by
lionheart78
on 08/06/2023, 14:20:47 UTC
With the current bear run of bitcoin at the market cap of 520.50B, down from 527.83B yesterday and down from 570.09B one year ago, at the price of $25k do you think it is a good opportunity to Hodl or buy the Dip in the current market?

When there is a dip in the price of BTC, it is always a good thing to hodl and a better idea to buy the dip.  One of the major reasons is that the Bitcoin market is cyclical and if Bitcoin is currently at its downtrend, it is a good moment to buy to maximize profit when the market shifts to an uptrend. 

Now looking at the current phase of the Bitcoin market, we all know that halving is less than a year from happening, and halving is one of the catalysts for the Bitcoin uptrend or Bitcoin bull run.  If we buy today, we might get a huge profit when Bitcoin uptrends and rallies to its now ATH.  All we need to have is patience to wait for the time to come after buying at the current market dip.