Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 13/12/2023, 07:25:33 UTC
So largely we were in a bull market starting from the late 2018 bottom until the late 2021 top, but the bull market may not have been confirmed until around May or so 2019.. and then the bear market of 2022 was not really confirmed until about May of 2022. .and so then that bear market went until the end of 2022, and it was not confirmed that we were out of the bear market and back in a bull market until somewhere in mid-2023 - even though we may have had doubts with the September bottoming below $25k.. so mostly it is likely confirmed that we are in a bull market right now and we are not going to be sure how long it is going to last or what it might take to get us out of the bull market.. Do we even need to attempt to describe it?  I doubt it, and surely the last 2 days does not tell us diddly squat about anything except maybe a bit of a rest of the uppity or maybe a correction that could go down to $35k or to $30k and maybe even lower.. but i doubt that we are going to be out of the current bull market, even if we might experience some sub $30k dips.. and i am not even saying that any dip is necessary beyond the current dip that we had down to $40,181 (so far).. there is no need for any further dip, but there is also no way of knowing (beyond guessing.. or drawing some silly squigglie lines that are likely similar to guesses) whether any further dip is going to happen or not..  
There are speculations that we might get to $35k to $30k, but It is just a speculations which I don't really care much about. There will always be speculations in the market, which will make some paper hands sell off their Bitcoin they bought around the high of the current run that got to $45k. But someone who has been around for so long will understand that this is a perfect time to acquire more. Most newbies are most likely to empty their bags with the hope that when we get to $35k or $30k they will buy which I don't even see happening. But for me I will act according to the name of the group. Buy the dip and hodl!!