Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Agbamoni
on 06/11/2023, 12:13:39 UTC
⭐ Merited by JayJuanGee (1)
[edited out]
Each person has to attempt to set goals in reasonable ways that are achievable,
This is very relatable JJG. The point of bitcoin is to not rely on others pattern of goals set. This is because each individual came into the Bitcoin Investment system at different time, the financial investment pace of each person is different, and the responsibility of each individual is not similar either. So, its preferable to set goals based on how one would be able to manage his/her investment. Long term goals It's a goal of many people on here, but there are mini goals like accumulating through DC, buying on dips and hold etc. that can help us to reach our main goal.

Bitcoin is on the rise now and this is an indication of bull market. And now that bitcoin is $34k to $35k those who want to buy and hodle, this is the best time to invest.
There is no point in investing in Bitcoin because the price is going up because we invest in Bitcoin for the long term.
I guess you're contradicting what Mate2337 is trying to say. He's trying to convey that there is no perfect or best time to buy Bitcoin, especially when you're using a DCA approach. When you're DCAing, you can buy Bitcoin at any price because there's still a belief that the price of Bitcoin will be higher than the current price, as long as you're holding it for the long term. There was a time when Bitcoin was at 23k, and everyone was hesitant to buy; now it's at 35k, which would have resulted in a profit of 12k if you had bought it then.