Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
Agbamoni
on 07/11/2023, 22:02:32 UTC
⭐ Merited by Roseline492 (2) ,JayJuanGee (1)
I don't know what any of that means, because the article that he wrote was from 2011, and so maybe he was denying the whole of bitcoin since 2011.. but at the same time, supposedly he got a bitcoin/crypto course in 2016.. so yeah, nay sayers will sometimes have several touching points with bitcoin, including sometimes changing their minds and/or changing their chosen allocations..
This is why it is crucial to avoid believing everything the Bitcoin preachers say online (Blog site, YouTube, X and more). Most of those sayers are seeking attention and followers. Sometimes, their posts and articles can be misleading and may cause you to change your initial perspective of Bitcoin, which was correct. Consider the scenario, where Nicholas wrote an article stating that Bitcoin should be avoided, but after a few years, he changed his stance and started learning about Bitcoin. There is no point looking up to random individuals who haven't accomplished much in the Bitcoin world and say, "Oh yeah, that's my role model"? That's what some people do. No one knows what the future holds for Bitcoin, and once we realized that then we won't listen to the sayers and preachers anymore.

I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated.
As a beginner who just start investing on Bitcoin I don't think looking for the right dip before investing on Bitcoin is the right decision because you could end up not investing on Bitcoin at all, but however one of the challenges of most beginners is that they always feel that price of Bitcoin has gone way beyond there reach, on the contrary it doesn't work that way because you could accumulate Bitcoin with any amount you feel is well suitable for you.


I totally agree with you, Salahmu. Simultaneously, waiting for the dip to occur, Bitcoin will continue to set new records, whether on the upside or the downside. It can be somewhat of a waste of time, especially for new investors. This is because, in the process of waiting for the dip, it requires luck to catch it, and a lot of time and energy will be dedicated to it. This efforts can be exacted in regular DCA and even you can wait for the dip why DCAing.