Re: Buy the DIP, and HODL!

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.

Yes I agree with you. I am new to Bitcoin. According to your information, the year 2023 was very good for Bitcoin and Bitcoin users. But for the last 7 days, Bitcoin has been going down, that is, the beginning of 2024 has not been good at all.

2023 was a good year for Bitcoiners because they accumulated Bitcoin at a low price. Bitcoin is not bad in 2024 just because the price of Bitcoin has been low in the last 7 days, it is an opportunity to accumulate Bitcoin at a low price because, since the beginning of 2024, Bitcoin price has been in an upward trend.

I would suggest that BTC has been in an upward trend since late 2022, and sure maybe we were a bit uncertain in early 2023 and a few other points in 2023 if we might end up revisiting the lows of 2022.. but in the end the trend remained upward, and has been ever siince, even thogh there have been a few decently sized corrections along the way.. and even this latest one in 2024 was nearly 20% from $49k to $41.5k-ish.

There's upcoming blocking the access of Binance in Philippines on February so maybe this can affect the price of bitcoin since it can provably create a fud which also create some scare of people to create a little trouble for a price of bitcoin to go dump and that's what I am monitoring since maybe we can see a perfect price to take position or accumulate. Right now maybe we can't see those big pumps which has been speculated to happen since as we can see it seems the price of bitcoin became calm even if halving days approaching and if there's controversy happen just like what I mentioned but once this month of February pass and nothing happen or there's only few dump happen then a good price recovery might happen as we are approaching this halving which bring big hype in the community.