Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
danadc
on 21/10/2023, 20:34:43 UTC
Most beginners seeing Bitcoin at $29,747 today, the first thing that may likely come to there mind is that they should have invested all the money they have and rip the profits.

But however it would have been one the greatest mistake because in as much we no that Bitcoin is of a lot potential doesn't mean someone should invest everything they have.
Thinking like that, what they think is short term, buying at $26K and selling at $30K.
Actually, there is nothing wrong with what they want, but I think what is more relevant is that in the long term we will see how Bitcoin grows and see about the portfolio they have.

If someone spends all their money on Bitcoin, the burden will increase, what about their living needs, have they been met? Moreover, you have to pay attention to cash flow, so I don't think this is a big mistake, but rather that they don't manage the distribution of investments well.

I think everything must be able to balance investment and other needs.

It's very good what you can do with that short profit margin, but if you can wait longer you can reach $40k without a problem, and this can generate more results that are much better, because I don't know much about analysis Tencio, that's why I like to review the articles that are more efficient, and this can indicate to me that the price of bitcoin can reach $40 this year and that is something that could be demonstrated very well, I only see the model S2F and it is enough for me, I believe in that model and for me there is no other model like it, everything will be fulfilled, only that by 2024 I want to see the price more than 100K USD.

Those who bought at $26k can wait a little longer because it is expected that it could exceed $30k, which can be very productive, and this does refer to buying in the dip.