Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dickiy
on 08/08/2023, 18:46:39 UTC
⭐ Merited by JayJuanGee (1)
I am still trying accumulate $20 Bitcoin in daily day trough price under $30,000, my planning until Bitcoin raise to $50,000 stop accumulate and take profit since one years spent few percent of my salary spending to invest in Bitcoin. In my environment have tradition with saving money called lottery club or "arisan" and each time of duration have more than 20 until 30 member, each member will get their fund in next ten days later which spending from 10$ until $20 in daily day and take more than one or two years duration for every one getting their saving fund. But I change my mindset than holding with fiat get potential inflation in the future, I try with accumulate Bitcoin and not stopping yet until bitcoin one day later back up above $50,000.

Its bitcoin still on the dip and as much possible accumulate and keep holding until one time selling our Bitcoin assets in the higher price,

If you are accumulating bitcoins on a daily basis, you are doing very well.You are right that Bitcoin is getting cheap at the moment and whoever invests here will make a good profit in future.If there is a tradition of saving money in your environment, then investing this saved money in Bitcoin is likely to bring the best result.Buying and holding Bitcoin at the current price is a good strategy because the bear season is not over yet.Surely you will be able to earn a good profit in the bull season from your strategy,and most importantly, your chosen coin for investment is very reliable and has potential.

With the current Bitcoin situation looking increasingly bearish this is indeed a good time to raise as much as possible, to be honest I would be very serious about setting aside the remaining cash I need to then buy Bitcoin at least once a week and I would buy it at the current lowest support. I hope and I will suggest a little to use money that is beyond your needs to invest in Bitcoin, because indirectly the money factor used will also greatly affect our mentality in holding Bitcoin according to a predetermined time target. because I see many traders who are hesitant especially for those who will invest long term, and in the end they do CL at a price below their purchase. So always use unspent money if there is something urgent, and with that we will be calm in holding it. The last Bitcoin halving occurred in May 2020 and reached 700%.
Now is the right time to focus on growing as much as possible, Bitcoin will soon be halved and we will be profitable in 2024, stay consistent and be patient.