Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
DaNNy001
on 08/11/2023, 16:33:22 UTC
The price of $35k is not too high compared to the possibility that bitcoin could reach above $100k. There is still plenty of time to buy when the price drops but it depends on one's plan. Dip has provided the advantage of buying at low prices but there are still many people who don't want to use it. However, if they are willing to buy with their budget, they can accumulate more bitcoins.
Perhaps what is even the need of always waiting for the dip before accumulating when you that even if the price of Bitcoin dips we cannot even accumulate a reasonable amount of Bitcoin due to how small our investment portfolio is so I see know reason why price dip should be a determinant of how we can accumulate.

Actually I'm not disputing the fact that buying the dip doesn't have an advantage but what I'm saying is that irrespective of what the Bitcoin price maybe be now  shouldn't be a barrier to your plans of accumulating Bitcoin because just like we saw the price movement consistently on the uptrend this period there is every possibility of the price surpassing the all time high after the halving, however that's when you will realized that you had missed a great opportunity by not accumulating now.


Yeah I agree with you on this taught because some of the folks here seems to make it look as If there is no other way to HODL or have an investment. Like you said  strategic planning or set up of a specific amount from your earning can do the accumulating trick despite the fact that we don't lose track of what we are buying and keep to our plans of buying, we would be surprised to what we can achieve and what your portfolio will read during a long term investment but still note that the during major dips during this time of accumulating can be used as an upper hand to buy more thats if we can afford it to buy big during those period but buying or accumulating Bitcoin at a steady bases is far more easier than actually sitting and waiting for the dip to come before we make our move to buy.