Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Fara Chan
on 28/12/2023, 09:34:41 UTC
Saving some Bitcoin for the long term can be a wise decision especially considering its increasing mainstream adoption and the potential impact of the halving event. Separating a portion of your profits for longterm hodling is a good strategy to ensure you have some funds available for future success.
The impact of the halving event and also the mainstream adoption of Bitcoin in several places and countries has become quite a strong topic of conversation now. So the buyer's leverage is now starting to be seen quite clearly even though their purpose for buying is still unclear in the long term except to get more profits when the halving is over. However, it is also not wrong to do this because considering that Bitcoin is increasingly suitable for future investments with different time periods, so most people will still use Buy the DIP, and HODL for now.

Quote
For that I have some money and I have already invested in Bitcoin and now I am using DCA method and I have decided to hold Bitcoin for more than 5 years. And I am sure that After 5 years I will be in profit because I believe in Bitcoin and in myself too.
I think it's not just about the timing, but also about how much profit you can get after you buy at this time. Because there are many people who get profits through their investments even though they haven't even reached five years, so this is not only about time, but also about how much profit and how much you can hold when you see the profit in your own wallet. But if you buy Bitcoin at this time not just for investment, maybe the story will be a little different from investors who only aim for profits through Bitcoin.