Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ultrloa
on 06/12/2023, 08:38:49 UTC
Bitcoin is likely pretty close to inevitably going to continue to be volatile in the next 30 years, but surely if bitcoin's market cap continues to increase it will likely become less volatile with the passage of time.. but as you seem to hint 30 years is a long way to project out, so it does not have very much to do with the topic of this thread except maybe to the extent that your buying BTC (and even loading up on BTC) right now will give you a lot more options 20-30-40 years into the future, so maybe even slow accumulation now and in the next 4-10 years will then result in such BTC accumulating person to have a lot more options when it comes to 30 years down the road.. so long as s/he had not ended up losing the BTC along the way.. so one thing is accumulating BTC but another thing is actually making sure taht they are secure and periodically checking security and keeping up with the better ways to hold your BTC... whether that is going to change or not in the next 30 years seems to also be something that is hard to predict but seems likely since we are ONLY 14 years into bitcoin, as you mentioned.
The pressing question is how an individual with an average income can afford to acquire a meaningful amount of Bitcoin, especially when its price potentially reaches $250,000 within the next five to seven years. Hence, current lower prices present a valuable opportunity to accumulate Bitcoin before it becomes less attainable.
Alright, man. It's quite simple. With $2000 in your bag, what you can purchase with that amount now will be higher than what you can purchase with it in the next five to seven years. Since the percentage of inflation gradually increases almost every year, it's more likely for you to increase your annual earning capacity. This way, you can slowly accumulate some amount of Bitcoin within 5 to 7 years, even if the price reaches $250k, using the Dollar-Cost Averaging approach.

I remember when people regretted not buying Bitcoin when the price was lower in 2014. But regardless, a lot of people are still buying now and holding, and even average individuals are investing in Bitcoin.
Even if Bitcoin becomes $250k it will still be affordable to those who know how to place their tenth around bits instead of focusing on the whole 1 unit worth of Bitcoin at once which at that point may be seen to be too expensive to achieve at once, the awareness of this approach of accumulating in bits when the price of Bitcoin become overly expensive with trillions in market cap, it will not eradicate the DCA approach and at that point, small bitcoin investors/accumulators are only left with the choice to bounce back on bits as the main mechanism to accumulate bitcoin at that point.
Such a price is much farther away from us for now,


Nothing will change even if the price of bitcoin reach at $250k since people could still buy some small fractions at any amount they want and they can use it for anything they want especially for investment purposes. So Any price what bitcoin currently reach people will grab it since many still think that if they grab some they can still earn with it. If they look at the whole 1 BTC its really expensive but if they stick on their budget and accumulate the fractions they can afford for sure they can still use it to maximize their profit on the investments they want to participate.

That's why before that to happen I guess its really better for us to take action since doing nothing while everything is affordable can make us regret in future. We all know that bitcoin is doing really great and great for financial aspects of people if they are wise for using this to maximize their profit. So by now since we are still heading at top since Bull market still happening still its good decision to buy and hodl because more great things is about to happen in future.