Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sayeds56
on 05/10/2023, 14:12:56 UTC
From my perspective, you are still overly focusing on macro factors and presuming BTC correlation. .or even presuming that bitcoin might go down before it goes up.. so even if the various macro markets might continue to be inflated and due for various crashes, whether talking about the stock market, properties and other bubbles, that does not necessarily mean that bitcoin is not the place to be.. even though surely we have seen in the very short term (like a liquidity event similar to March 2020), all assets seemed to have had been flocking to the dollar, and sure that can happen again.

So you can have some funds available to prepare for those kinds of possibilities.

And, yeah, you also hinted that Bitcoin might stay crashed or under performing for longer periods of time based on such macro happenings, which may or may not play out in the way that you are describing as a possibility.. .

Sure it does not hurt to prepare for a variety of scenarios, even including the ones that you describe, but it still does not necessarily mean that we should be waiting to buy bitcoin rather than just merely adjusting our buy amounts and frequency of buys depending on our own various specific that may well also relate very much to how many BTC that we are already holding.


Your approach to prepare for different scenarios is commendable, and we should consistently accumulating Bitcoin whatever the situation we confront, is a wise advice . However, we need to acknowledge that fundamentals and Bitcoin correlation with stock market does affect the Bitcoin price. The historical performance of Bitcoin since last quarter of 2021 when bullish cycle was coming to end, has vindicated that announcements related to inflation, (CPI), GDP growth rate and interest rate decisions have had note able impact on Bitcoin price, though these effects were tended to be short lived.