Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ajiz138
on 07/07/2023, 12:56:53 UTC
There are really many such people. If you think that everyone who bought bitcoin made a profit, then you are wrong. There are a lot of people who bought at 40k, 50k, 60k and even higher, but later on they sold in a bear market to save some of their money because fear has kept them from hold their coin to this day.
There is no instant profit, they have to go through several processes where they can be patient waiting for the price to recover again, with people who have bought high prices and are not strong enough to decline, usually they will leave in the middle of the road and it is better to sell at a low price than at a high price that he bought, I know enough that the person is not patient enough on his fundamentals.

Just buying and getting rich will not work, you need to be able to choose a good entry point so that later fear does not force you to make rash decisions.
That's the wrong way people think to buy to get rich, in essence we have to know how the market moves and with what pattern to apply, for example making an entry when the price is correcting or bearish, with hasty decisions they will regret a little later.

On the other hand, there are those who bought bitcoin at 40k - 60k and still hold it and perhaps continue to buy and average the purchase price, this is also not so simple and only those who really believe in bitcoin will do it. I think such investors have a very good chance of surviving the bear market and making a profit in the new bull market.
I think it's a lot when they buy in the price range of 40k - 60k expecting a high price but instead the price is getting corrected and the deepest fall is $ 16K, for people who survive in any situation he will still be a winner because bitcoin will always reach ATH again when it cycles 4 years have passed, and now it's a little more to get past that, while people who are still holding on now will definitely continue to accumulate and will not survive with bitcoins that have high prices, so they will maximize profits by buying by means of the DCA strategy.