Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
YUriy1991
on 05/10/2023, 05:25:30 UTC
You should agrre with me that everything that has an advantage also has its disadvantages, we cannot stop from embracing daily speculations on bitcoin market because that's one of the quality that shows we are traders or investors,
Yeah actually in as much as speculation maybe full of assumptions and uncertainty but in one way or another we derive motivation from those speculations, because Bitcoin price speculation helps to remind us that our plans for chosen to accumulate Bitcoin for investment is the best idea, you could imagine the kind of joy you would  have when everybody talks highly about Bitcoin and how big the price will become in the future were as you have accumulated a good amount of Bitcoin in your portfolio, perhaps even knowing the good potential of Bitcoin in the future through speculation you will be reminded that you made a good decision on holding Bitcoin.

Investors in the bitcoin market have increased significantly due to its volatile nature. It's highly volatile compared to stock and forex so investors choose bitcoin over stock, forex and gold. It's volatility gives a higher opportunity and is significantly higher compared to the stock and forex markets. Its profit ratio is attractive which attracted most of the investors but the problem is that most of them ignore the risk and take little effort to tackle it. Caculative risk and investment strategy can make you a millionaire in this market but if you make a bet like a poker desk you can be doomed.

I think that's normal, especially regarding risk and price volatility. I see that where there is volatility there is always value. It is possible that this condition also makes Bitcoin traders vulnerable to losses due to price movements when trading, but this is not something new for Bitcoin. So, what is the best timing for us to take advantage when prices rise, namely with a long investment position.