Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tmoonz
on 15/01/2024, 00:45:23 UTC
Overall 2023 was a good year for bitcoin and bitcoiners.
Yes, it's relatable to those who took the very opportunity of starting up their Bitcoin journey and also those who kept consistent in their Bitcoin accumulation. The market was open to everyone but not everyone seized the opportunity, so putting into consideration the way the market is moving it will also accept more investors, likely few months after the halving then we expect to experience an ATH, which may not be the perfect spot to hop in.
2023 was a good year for Bitcoin and Bitcoiners. I had the opportunity to join this forum in 2023 to learn about Bitcoin, and it has helped me to understand Bitcoin and also start accumulating Bitcoin with the DCA strategy at regular intervals. The DCA strategy has always been helpful to me when I'm accumulating Bitcoin because it helps me to take care of my financial needs. We are expecting 2024 to be better than 2023 for Bitcoin and Bitcoiners, because the spot Bitcoin ETF was approved last week, and the Bitcoin halving will also happen this year.
I regreted starting my bitcoin journey lately, thou a journey if a thousand miles begins with a step.the good news is that I have started accumulating my Bitcoin through the DCA method Which seems to be the best method or strategy for investors with lower risk tolerance. investing in Bitcoin comes with it's share of risk and rewards,  investors are excited over the spot Bitcoin ETF approval there is so much positivity that Bitcoin price will reach a new ATH with the ETF hype which may just be a medium to influence the Bitcoin market demand and reawaken more interest in the Bitcoin market. Note that Bitcoin price has significantly increase a year before halving and a year after halving,  the increasing spread of Bitcoin adoption can also affect or threaten countries monopoly of money which will definitely affect it demand which means that 2023 may not be better than 2024. It is advisable that DYOR should be our watch word.