Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Natalim
on 24/10/2023, 21:56:38 UTC
That is Bitcoin for you... always pulling surprises. The only people in panic mode are short term traders who would have sold since.
This is one of things I like about Bitcoin it can surprise you overnight just like what the price did this week, this is actually the reason why it is advised to keep accumulating for long time holding instead of chasing the Bitcoin price, so just like you said those short holders who buys and sell immediately after seeing a little move on Bitcoin price, I believe they will seriously be regretting why didn't hold.

So perhaps they have learned there lesson about Bitcoin price movement and is not actually late to change your strategy by holding instead of chasing the price.
The rise is always a pretty sight if you have Bitcoin in your portfolio but if you don't have BTC in your portfolio then the rise that occurs will not mean anything to you. Previously we have seen the price of BTC drop quite significantly where the price of btc touched $15k. And what you saw today where bitcoin crossed $30k and reached $35k today.

So in this thread we just buy and hold which is what we have been doing from before. DCA was our choice and we also thank JJG because he is always our mentor in this forum where he always provides sensible advice in discussions in this thread. We will continue to hold and buy with the DCA strategy.
But I was sure that nobody buys crypto without having Bitcoin first because if that is so, then I would say it is a big mistake. While seeing the current situation of Bitcoin, we can also think that bull season is coming soon and before it comes, we must be sure that we are already filling our bags with Bitcoin and some potential altcoins. Those people knowns how to hold and wait for the bull season got their rewards which is why we should practice doing this otherwise, regrets it.