Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 02/01/2024, 05:45:46 UTC
Bitcoin price today touched around $45.5K. That is, the price of Bitcoin is now at its highest level, but investors have not stopped investing now because the market may rise further. When Bitcoin touched $40k for the first time last year, it was the highest price Bitcoin had ever touched and investors poured in at that time as well. Now past $45K investors will still invest and in the future if the price of bitcoin increases further investors will invest and even if the price goes down investors will invest. 

There are a lot of people in the world who don't have any bitcoin, and there are some people who have bitcoin who realize that they don't have enough.  Furthermore, there is a class of institutional investor and even retirement fund holder who is going to want to get some exposure to bitcoin, once they realize that it is being offered in their retirement fund.. and some of the people and institutions did not previously have easy ways to get into bitcoin, and some of them are realizing that they are going to want to get into bitcoin.. or at least some price exposure.

Those of us who have already been buying bitcoin are advantaged by already being in bitcoin, even if some of us might feel that we don't really have any (or enough) money to buy more bitcoin.. except as our cashflow comes in, whether weekly monthly or some other period.

[edited out]
There is no time that is late for Bitcoin so being new to Bitcoin does not mean you have to be so aggressive without planning your finances. Remember there is no deadline to beat in Bitcoin investing, so it is best we go about it at our own pace in a fashion that is conducive to our finances as well as our needs.

Buying the dips is not a bad strategy even when executed with bulk funds but doing it as though you want to catch up on something at the expense of planning might be problematic in the long run. This might also make holding for long a kind of challenging. Maybe you are focusing on buying enough Bitcoin before the halving. Well, if the finances are there there I don't see a problem buying aggressively but care must be taken not to buy in a way one can hold without selling under panic.

Surely there is no timeline to get into bitcoin, but sometimes we will witness periods in bitcoin in which we realize that we would have been much better off to get into bitcoin and to establish a sufficient and meaningful stake, rather than diddly daddling around and believing that we have to know more about bitcoin or make other unnecessary preparations, rather than just getting started as soon as possible.

So, yeah, you can make your choices to wait or even to under invest or to wait for dips that may or may not end up happening.  Bitcoin is not always guaranteed to dip, even though we know dips happen, but sometimes such dips do not happen until after the BTC price has gone up stupendously, so then when the BTC price finally dips, it is not necessarily dipping lower than previous prices.

Make your choices about how to allocate, and good luck if you are in the waiting camp.. Waiting may work out for you, and it may not.