there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
Enjoy the aroma, sooner or later they'll find out that selling is a mistake.
I totally concur with this acception. Selling is always the worst mistake a Bitcoiner would ever make, some myopic investors sees a dip as the worst times in Bitcoin investment, investors who do not really know what Bitcoin is all about and the real vision. Thereby making them afraid of what the outcome of might be and then go ahead to sell off their Bitcoin, without knowing that dips are on the contrary the one of the best period in Bitcoin investment because it gives you another opportunity to buy and prepare for another Bull run. One major lesson I've learned about Bitcoin is that you only loose when you sell but you're in the safest side and will always make profit when you HODL even in the midst of a great dip. That's the secret of Bitcoin.
I wished I had the knowledge I've acquired from this forum, I wish I had that knowledge years ago when I started my Bitcoin journey then I for sure would have been a more successful trader, but I'm still very thankful for the knowledge I've acquired and still acquiring.