Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dr.Bitcoin_Strange
on 26/10/2023, 16:57:45 UTC
The position that the bitcoin price is heading to, is what many of us don't know whether it will keep rising above $33k or fall below $33k. Historically, the month of October always has bitcoin rise in price, which it finally did, after seeing it fluctuate around $27k - $28k for weeks.

The month of November will be in a week and we don't know what bitcoin price would be by then. But I believe that the price of bitcoin will fluctuate at a higher price of $35k - $38k in November

Like some months ago, we were speculating that the price of Bitcoin would go high by the end of the year; as a matter of fact, I even speculated $40k to $50k, and by then no one was certain what the price would be today. Even if anyone was certain of what they strongly believed the price would be, it could still not be what they think it would be because they are not in control of the market.

Right now, no one can say for sure which direction the market is headed—if it will keep rising or dropping—but one approach investors should not set aside is the DCA. There are definitely some people who want to invest in Bitcoin, but they are scared that the price might fall again, so they feel they should hold on. The question is, what if the price continues to surge through this year until the halving period? I don't think anyone would prefer to sell now that the price has not even risen to any length, and the person selling now cannot even tell if the price will get to $50k before December, and if it does, they will begin to regret why they sold now.