Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Onyeeze
on 22/12/2023, 23:41:57 UTC
It means that those people who bought above $60k price bought because they were ready to invest in bitcoin as that was the right time for them. They also have the mindset to hodli for long and they didn't buy because they are after short term profit. This is the reason why they are still hodli their investment till now and some of them are even increasing their bitcoin portfolio because they understand the that the long term goal is superior.
I don't think they bought bitcoin at a high price because they were ready. They bought it because they thought bitcoin would keep increasing in price and they got caught up with the price when bitcoin discontinued the price increase.

Before the price of bitcoin increased to this extent, some would have sold their bitcoin before now for less money, while others would have decided to hold onto it in the hope that its value would increase above the $60k purchase price. Whatever the event is, it does not prevent them from having the chance to accumulate bitcoin over time at a discounted price.
What you said is the truth why people buy bitcoin at high price, the reason why people by bitcoin whenever they feel like is that they have in mind that the price of bitcoin at that time will continue to rise and it is not going fail and that is why they continued to buy, so that is the reason why we said that is good to verify about bitcoin before we can purchase bitcoin because if we continue the way we feel in cryptocurrency without have more knowledge of bitcoin before we invest largely we shall continue to experience lose.

In bitcoin investment before you buy at any cost of price you have to check the features of bitcoin if the time you buy more of bitcoin what you are supposed to do is to make sure that you have calculated the future of bitcoin,  you don't have to buy at high prices and within same period you bought and the price depreciate, I think what we need is a thorough investigation and research to know if the price will increase before you buy at high prices, research methods makes us not lose for bitcoin investment