Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dimitri94
on 09/11/2023, 06:07:56 UTC
The price of Bitcoin is only going up immediately so holders who hold Bitcoin early on are currently the most profitable. This is the main result of long-term investment, so if you can invest in Bitcoin now, Bitcoin halving is definitely ahead. Bitcoin halving is a four-year cycle in which the price of Bitcoin increases dramatically every four years.
The market is now bullish so many may be encouraged to invest in Bitcoin. But the lesson we get in this thread is that it should not be used as a tool for temporary gain. Bitcoin may go up for a while but there is no guarantee that it won't go down again. An investor should have a long-term plan when investing in Bitcoin to avoid short-term volatility. Moreover, long-term investment has the highest investment potential from Bitcoin.


Quickly those who want to invest in Bitcoin should start investing in Bitcoin very quickly. If you can hold Bitcoin till 2024-25 then there is definitely a big bull market. And this bull market is very likely to see the highest Bitcoin price increase. So if you want to invest for a longer term, you can definitely invest in DCA method and become self-sufficient.
It is definitely a good decision if you start accumulating bitcoins at this point , there is a higher chance of making profit. Since Bitcoin is a good medium for long-term investment, DCA is definitely a better decision to accumulate Bitcoins for the long-term which can be more effective in growing your portfolio.