Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
bitLeap
on 26/08/2023, 11:04:09 UTC
⭐ Merited by JayJuanGee (1)


The picture explains the fear and indecisive most investors are having on Bitcoin price movement right now, This is the fear of getting curt by Bitcoin price if depreciating more against there entry point, so I believe that's the reason why most investors are actually wanting to be sure on the Bitcoin direction before accumulating for there portfolio.

But to me I believe that no time is wrong for an entry point to accumulation some Bitcoin because is a very potential coin and the future is bright so the possibility of enjoying your investment in the future is certain but that's for long time holding because there is no way you will accumulate some Bitcoin now and expect it to sky rockets immediately.
Doubts and fears are very natural, and it is the nature of every human being. It is not a problem as long as we do not fall into that fear or doubt and make us never move to start collecting bitcoins in our portfolio.

It is interesting to read your words regarding "I believe that no time is wrong for an entry point to accumulation some Bitcoin" because even if that is true then an investor who buys bitcoin must hold it longer, unlike when they buy during a price decline. For example someone who buys when bitcoin hits the last ATH, then how long does it take them to be able to turn their portfolio into a profit? here requires a very strong mentality to be patient to hold it, because if not then they will be frustrated and sell it at a much cheaper price.
Not everyone can do that, especially if they're someone who doesn't have a lot of patience.