Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 14/09/2023, 22:36:55 UTC
⭐ Merited by JayJuanGee (1)
Well I quite understand what you are saying my friend, basically every market participant has his own way to invest wherever it is. Okay maybe you are one of those who are always patiently waiting for significant bearish conditions to then open an investment, and well that is indeed quite good if you can patiently wait for the moment. Honestly, I'm not saying that's the case, and maybe most market participants will do the same thing, especially for long-term targets. 

And yes I agree with the opportunity you said, because indeed now is the right moment to then buy or collect more bitcoin, we can see now bitcoin is experiencing a price correction and the price is now almost touching support a few months ago. So basically if indeed you have the ability financially to then allocate a little of your money for bitcoin then I would say this is the right moment that you can take, but well I hope you will use money that might not be at risk if it is lost, because as we know the market is very volatile so at any time you can experience losses if the market is not in your favor. You use DCA, I agree to this because I think this is a strategy that is more supportive of your financial condition and with DCA it is safer.
In fact, it is impossible for them to miss this bearish moment to accumulate BTC. Yes, every opportunity that comes is an advantage that can be exploited. If you throw away this opportunity, it means you are throwing away the opportunity to get BTC at a low price. For me, financial strength is one of the things that can make you act more aggressively in a bearish situation, but if our finances are not too strong then the wiser option is of course DCA.
 Some strong arguments about this decline are due to the issue of FTX which will sell their BTC holdings which has made the market situation change rapidly in recent days. This is a profit that can be obtained for those who are patient in waiting for bearish conditions to accumulate BTC. Well, on another point, it remains sustainable for the long term and you can feel comfortable with the profits that come your way, keep buying at low prices whatever strategy you use. keep buying and holding.