Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odohu
on 18/08/2023, 20:32:11 UTC
This is a good point Dr.Bitcoin_Strange.  Sure, there may well be some advantages in terms of having some flexibilities in terms of where to place BTC buy orders, yet at the same time, we can get misled in terms to figuring out when the down correction is going to either stop or reverse... so time and time again, guys can end up getting way too greedy in terms of thinking that they can figure out a lower bottom and thereby failing to sufficiently/adequately prepare themselves for UP at any given price point, even if they might have ONLY executed a few buy orders between $25.6k (our current low) and $29k-ish (the starting point of our most recent downward breaking).

After one of our conversation when you said you have small percentage of your money set as buy order even below $20k, I actually adjusted my limit orders too to capture the $24k,  $26k and 28k zone where majority of the orders were as I felt price might soar from that zone. I am happy to tapped from your wealth of experience. The recent dip in price have shown me the beauty of flexibility in the market as most of my orders have been filled at much lower prices than it would have been should I had market executed.  Even if no further dips, I'm good now and should there be more dip, I will maximize it as well.

Let the market do what it does...