Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
hyudien
on 27/09/2023, 00:42:20 UTC
⭐ Merited by $crypto$ (2) ,JayJuanGee (1)
waiting for the DIP is good but waiting too long will only make us miss the train!!
so buy whenever your intention is strong lol

Bitcoin prices are strongly influenced by market sentiment, that is undeniable, in my view, investors are already quite aware of Bitcoin as an asset that is immune to inflation, investors will definitely move quickly when bad news arrives, they will definitely exchange their funds to Bitcoin as a protection for the value of the money they previously owned.

but well, we know, when the bitcoin market is moving positively we will be presented with FUD news such as crypto exchanges being hacked, bitcoin bad for the environment, bitcoin being banned again by the government and so on (you can investigate it yourself)

in the end, Politicians will always play with bitcoin for their own interests, don't think too much about the FUD against bitcoin that will continue to emerge, they have already designed that.

Everything still requires good and accurate calculations. We are currently at a relatively stable price, perhaps for a while Bitcoin in the current market provides more opportunities, especially for retailers or those who simply want to invest long term.

Actually, there is no asset that is 100% immune from inflation. Because even though market sentiment is moving aggressively, inflation conditions make people worry that they will not be able to survive the inflation cycle. Except for those who have a fixed income so they can control the Bitcoin they hold more freely.

Fud is good for balance if we can think from different directions. Someone who knows the risks of holding assets on a centralized exchange without trading them knows where to secure those assets. Because the main key in this case is securing it in a cold wallet. Exchanges are only for options when needed, not as a safe storage option, no matter how reputable a crypto exchange is, it does not guarantee anything that your assets will be completely safe. It's a different story for those who are active as day traders, the risk is much greater than for investors who secure assets in cold wallets.