Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Odusko
on 29/07/2023, 21:55:18 UTC
⭐ Merited by JayJuanGee (1)
price-based strategy. That won't work if you truly want to HODL. You should have a time-based strategy.
Well despite having long-term perspectives in mind while buying Bitcoin, we must still put in mind that our entry price matters a lot because the buy price is what determines the level and time of profits, this is so because those that bought their first Bitcoin at all-time high price above $55,000-60k+ are going to wait longer before the records profits compared to those that bought bitcoin at a discounted price below $16,000-20k if bitcoin make any all-time high above the last ATH.

So these are the determinant factors that we must consider while holding Bitcoin or trying to accumulate Bitcoin at whatever point, just as JayJuanGee rightly said in his previous comments, buying all the way up is better than buying at an all-time high price.