Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Frankolala
on 03/10/2023, 17:19:44 UTC
Nobody knows if the price of bitcoin will go fown again. It may or may not as it is hard to predict bitcoin price movement.
It is well-recognized fact that predicting the future price of bitcoin is difficult. But historically speaking, October seems to be a month when the price of a bitcoin tends to rise a little more than in previous months. It's possible that we'll witness the green candlelight of bitcoin in the month of October. At the very least, it won't be a terrible idea to anticipate that the price of bitcoin will increase in October compared to other months.

King daddy gives no shits about months... so maybe it will go up and maybe it won't.

up or down in the future no one knows, but if the rumors are true that there will be an increase then this is a good opportunity, not apart from that investors or traders must remain vigilant about the news about BTC that will rise or fall, being aware of the news about btc is certainly necessary so as not to predict it wrong.

With rumors circulating that btc managed to close the month of September positively and will experience a rapid increase, this is a good opportunity so don't be wrong in predicting it or wrong with the rumors circulating about btc, not many people take advantage of this moment to make a profit.
Bitcoin being a highly volatile currency, there will always be rumors about it which is usual. By this volatility bitcoin coin trader will be more excited with the price whether they make profit or loss but it is not a concern of a Bitcoin holder those who are waiting for that day of Bitcoin. I don't think it's necessary to consider such market conditions for those who wait until it reaches their desired level. This is a golden opportunity for those who have not yet collected Bitcoin, but those who are true holders of BTC do not have to worry about the temporary increase or decrease in the price of this BTC.
This is where the distinction of a Bitcoin holder is reflected. Those who are worried about the temporary rise and fall of the price of Bitcoin must need to acquire better knowledge of Bitcoin holding.
I don't know why the worries of the little up and down in bitcoin price recently. Someone that is stashing up his bitcoin portfolio don't need to worry himself about what the price od bitcoin is either if it is moving up or down, neither does the person needs to bother about the halving or the bull run. Why I am saying this is that all these thoughts will distract you, and you will lose focus on your goal, because you will listen to people thoughts, and this might mislead you in your bitcoin journey.

Since we plan to be hodlers, the price of bitcoin shouldn't be our priority, rather how we can use the DCA method to accumulate continuously, disregard of bitcoin price. What we should be thinking is to make strategies that will be flexible for us to accumulate at different level of bitcoin price so that you don't stop DCAing, since you haven't acquired the amount of bitcoin that you desire for. Bitcoin price is still at the consolidation price, and one need to use this opportunity widely to keep on accumulating and not to start thinking of little profit because the halving is close or something.

Also, if anyone is waiting for the dip because of recession, you shouldn't also forget that the more you are piling up your fiat currency and preparing for the dips, you should know that your fiat currency is depreciating with time, and you don't know when it the dip will come and for how long are you going to wait. I will continue with my DCA stratefy because I haven't reached my bitcoin target and don't need to sell any of my bitcoin during the bull run.