Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
jcojci
on 06/01/2024, 13:20:38 UTC
That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.
Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.

And now, at the weekend, we see the price of bitcoin regaining its red candle. Maybe this has become a habit of bitcoin prices getting corrections at the weekend. Well, the current situation must be used to buy bitcoin. As for the amount, it is adjusted to the DCA plan that we made.