Post
Topic
Board Speculation
Re: Buy every dip!
by
Rabata
on 12/11/2023, 12:19:50 UTC
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It's all about buying low and selling high, that is what investing in Crypto market is, you must follow the market prepare funds when there is a dip and set up a plan on what price you are going to sell it, sometimes it takes a lot of time or a long wait before you can sell, but it's worth it as long as the coin you are holding is good you just have to be patient and wait for the right time to sell.
That can't work all the time although it's the best ever, sometimes the price of bitcoin just continues to go up and you have the funds to buy, DCA can help you in that so you don't end up having to wait for months or years and that money stagnating from inflation. We can't predict the market so it's for the best that we adapt our strategies or just make more money in our jobs and save more extra money so we always have money when the price of bitcoin is low.
We can never be certain about market movements. But if normally we can buy from deep then surely we can make profit from our investment. But the point is, can we always buy Bitcoin from the dip? Of course not. But if we can buy and hold Bitcoin with the expectation of long-term profit, then we can get the right solution for the mentality of buying from the dip. Whatever the current price of Bitcoin can be considered as a dip. Moreover, we can turn our Bitcoin portfolio into a large asset by following DCA in long-term Bitcoin investment. They can use this opportunity to accumulate bitcoins for those who earn a certain amount. By using this method, we can reduce our risk on the one hand and also have confidence in creating a reliable asset for the long term.