Quote from: Dailyscript on January 12, 2024, 10:53:54 PM

Quote from: Moreno233 on January 12, 2024, 09:01:22 PM

Unfortunately, those who did this are probably in tears because some of them will sell and take their losses while some will still be holding hoping things will turn around.

I taught this thread is about buying the Dip and Hodl? So why would they regret it if their intentions were to buy bitcoin and hold it for so long? Only those who went in for the quick gains would be disappointed. Any investor who is reasonable enough knows he is buying more Bitcoin because of what the price will be at the end of the year or in the next five years. I believe so many people were smart enough to understand that Bitcoin will not follow the hype of the approval of the bitcoin ETF to move high. In a logical sense, we were expected to see an increase in the price of bitcoin to about $50,000 after the announcement. But bitcoin is not a shitcoin it maintains its pattern and would surpass that price at the right time. I am expecting that before the week ends, it will go up to $50,000.

The effect of the Bitcoin ETF approval has not fully supported Bitcoin price movements higher, today according to the data I saw at CMC Bitcoin experienced a correction of up to 6.6%. This correction further increases the enthusiasm of investors who use the DCA strategy, they can buy Bitcoin which is trading at a cheaper rate than before. Many investors expect this correction as a lead up to a jump higher, Bitcoin investors optimism is growing and they predict Bitcoin will soon reach a new all-time price.

2024 may be the most exciting momentum for investors, Bitcoin may rise to a price of $50,000 or reach $100,000. The approval of a Bitcoin ETF could bring in larger retail investors who previously didn't want to touch crypto as Bitcoin begins to be considered the mainstream of future investments. Apart from the effect of the Bitcoin ETF approval, the bitcoin halving which takes place every four years and the next period is expected to occur in May 2024 will also accelerate the price of Bitcoin to reach its all-time ATH.