Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
xvacator
on 22/09/2023, 10:13:44 UTC
It's hard as we are now in September which is almost the end. I also doubt the price can get back to $30k by this month.

All can happen if one big news boosts the price such as Elon going back to accepting Bitcoin or another country accepting Bitcoin as a legal tender. But that is not easy.

Yes, DCA investment should continue as the price is still below $30k. It's a good price to buy Grin
I quite agree with you on this. News affect price so much and so far, there is no strong news that will cause any rapid increase in price from now till the end of this month. The importance of capitalizing on the low price cannot be over-emphasized because price will drastically rise as we  approach next year given the line of bullish events next year. A decisive DCA from now to December, can enable one accumulate sizeable Bitcoin.... this is my suggestion.
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When no strong news is released, the price seems not to go anywhere. It could stabilize or go down for a little. But we do not need to worry about that as we have more opportunities to buy back at this level price.

We can only accumulate more from now on until the price is back to $40k or wherever you like. The investor already accumulated when the price was at $17k but they still do that at this moment.