Quote from: jrrsparkles on October 12, 2023, 06:45:11 PM

Quote from: Mayor of ogba on October 12, 2023, 12:20:28 PM

Quote

One of
What's the point of HODLing bitcoins? Do you think that if we all hold, the value of the coin will go up? Why do you expect increased demand for Bitcoin in the case of Hodl when there are alternative cryptocurrencies? There is no point in holding money, money has to be in circulation for new products to be created and for services to be done. That's how this world works and functions.

One of the points why people are hodling Bitcoin is because Bitcoin is a solid asset and the price always recovers in value after a decrease. Wealth comes from waiting, people will not like to invest their money on shitcoins and lose their money in the course of waiting through a rug pull or the price of the shitcoin dropping by -90% and not recovering again. People choose to buy Bitcoin and hold it for years because they know that holding Bitcoin's safer than hodling a shitcoin

Apart from the price recovery the real reason why people trust Bitcoin is a project that is truly decentralized and completely under the control of its users so no one can able to control it or ban it like most shitcoins which keeps encouraging people to invest more and more once they start to reap the actual profits from bitcoin investment.

Currently, we are at $27K, a small discount price so whoever got the money doesn't miss the deal.

Indeed. It is an established coin and trusted by majority of investors who are not eager to profit in a short period, it takes time but we know it's worth it. On the other side, many investors are afraid to buy during dip because of further price decrease. We can't pin point the real bottom so the best deal here is, if you can afford the price (since it's way cheaper compared to ath), go and fill your bags. Anything can happen which means the price can rise unexpectedly.

Therefore if we don't want to miss the chance then think what you can do to take advantage the situation. Anyhow regardless of how you accumulate (DCA or buy the dip), what matter is you understand what you're doing for your own benefit.