Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
martinex
on 18/08/2023, 02:37:52 UTC
You seem to be misusing language here.  A correction does not necessarily mean that the BTC price is transitioned into a "bearish" posture.

I otherwise agree with your point that this seems to be a kind of signature "buy the dip" moment.. .. even if you had alreadfy been buying all the way down from $28k-ish from yesterday... but yeah some folks do have a tendency to wait for BIGGER dips, and I am not going to proclaim to know when it will stop.. and perhaps that's why I have my systems already set up in which I had already been buying since right around $30k... in $500 increments.. and if we were to end up getting down to $22k-ish (that I don't want to happen).. then I might have to reconsider whether my already outstanding buy orders between $13k and $20k (that I also don't want to execute) are still adequately placed.

I think BTC is going to be fine Sir, Yes, the day's BTC dips down to a price of $25,166 and this still normal. My mind says, today's crypto market may be gearing up for a new growth phase and today's events may be similar to Current BTC Price Cycle Similar 2015 – 2017.