Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ginsan
on 30/11/2023, 20:59:51 UTC
What I noticed is that some people don't invest in Bitcoin at all, either because they don't have the money to invest at that moment when the price is still low or because they don't fully have knowledge about investing in Bitcoin. Whoever is experienced in the Bitcoin space would know that even with the current price of Bitcoin, it's a low price compared to the previous ATH of Bitcoin in the last bull market, and now is the time that we are again matching close to the Bitcoin halving season, which will likely give rise to a bull market. No one can accurately be sure if the price of Bitcoin will dip below the current price, and that's why when you hear, "Buy the dip," you should buy the very dip you are seeing at that moment. Even if you are hoping to see a very low price, you can still use DCA to buy some fractions, so that if the price doesn't drop further, you will not get disappointed.
Sometimes people don't understand what Bitcoin is and they don't learn to understand it. If they are truly involved in Bitcoin, of course they will invest in Bitcoin. Op has provided an overview of continuing to accumulate Bitcoin and hold them. And that's why we have to look at the long-term prospects of Bitcoin investment. Over the last few years Bitcoin has grown quite strongly with mass adoption and with a limited supply it will provide a fact that when buyers increase and holders increase then the price will rise significantly. So for that moment we have to prepare ourselves by buying on dips and holding in the long term.

Many people regret delaying purchases because sometimes they think prices will fall again but in reality prices continue to rise when compared with prices at the end of last year and today prices. Bitcoin in June or July was under $30k and stayed there for quite a long time and that's why we have to take advantage of the situation to buy regularly. And at today price Bitcoin is trading at $37k that's a quick profit if you have to measure quickly.