Post
Topic
Board Speculation
Re: Time to Hodl or buy the Dip?
by
flyingcarpet
on 08/08/2023, 12:21:03 UTC
The best strategy when the market is like now is to continue to buy, don't ever think panic when you see the market situation is red because the trend that often occurs is the market immediately rising again, moreover many analysts believe that the end of the year the price can reach $ 60k or 200% level rather than now so there is nothing more profitable than continuing to buy.
If you believe that the price level will reach 200%, it means that the Bitcoin price will exceed $60K. Actually it's not a problem that it's impossible to achieve, but I'm more looking at the duration that is very close if it is said for the end of this year. You yourself can also see the fact that is happening that to increase by just 50% from the current price is still very difficult, especially for the 200% level which is generally very large if you take the benchmark from the current price. Although I would prefer to keep buying at the current price and expect an increase at the end of the year to a certain level.

In order for an increase of 200% to occur, there must be many positive things in the market. Considering the situation in the world economy, this does not seem possible. We don't have any other data from Halving. I'm talking about data we can trust.

Current levels provide opportunities for buying. Even if it continues like this for a while or if there is a decrease in price, it still means a buying opportunity. We are all waiting for the price to go up and it will start to go up after a while. It is necessary to evaluate this time and buy Bitcoin.