Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy every dip!
by
Dimitri94
on 13/11/2023, 16:36:07 UTC
⭐ Merited by JayJuanGee (1)
Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!
There has been time in the past that Bitcoin experienced it's greatest dips that made a lot of investors who do not really understand Bitcoin to take out their money and I believe now they regret that action. A dip is inevitable and so is a bull run. You can only have their fear if you really don't know what Bitcoin is all about because if you do then you'll know that Bitcoin has come to stay and that it can only get better.
Ups and Downs is a common image of a trading platform. You must develop a risk appetite before investing. The interesting thing here is that some are looking for a dip in Bitcoin while many are expecting bullish ones. As a Bitcoin investor I would certainly welcome the dip as I would not pass up an opportunity to buy at a low price to save my Bitcoins for the long term. I will take every dip as an opportunity and try to hold it as best I can. But since I follow DCA these dips and highs don't affect me much. I know the market will be bearish again and bitcoin will lose its value but my bitcoin holdings will not decrease but i get the dips it will increase my wealth in the future.