Quote from: Mayor of ogba on Today at 07:51:21 AM

Quote from: Wind_FURY on January 18, 2024, 05:25:11 PM

Another DIP buying opportunity might be coming! I'm not sure how low, or if this correction continues to fall under $40,000, but buying some Bitcoin with any sort of discount should definitely be "greeted" with open arms. Don't miss the opportunity!

Buy the DIP, and HODL!

Since I've been accumulating my Bitcoin for a long term, I'm not worried about the recent dip in Bitcoin price. I'm happy because I will seize this opportunity to continue accumulating more Bitcoin at a low price. I hope this dip will last for a week so that I can use the money I kept to buy Bitcoin when there is a dip to accumulate more Bitcoin.

That means you have held your investment for a long time and you are a consistent investor. Currently the price of Bitcoin is falling then you are not excited but you are happy that you will get an opportunity to invest more amount of money at a comparatively lower price. You can consider such investment method as DCA investment method. Where other investors get excited after investing why their investment is losing, you are not worried about the loss but you are trying to take advantage of this period as well. If you have enough financial support, you must take advantage of these opportunities. If your investment does not have a fixed target, you can set a fixed target for your investment. A specific target is how consistently you will invest and how long you will hold your investment. If the target is fixed in advance, it will be easier for you to invest regularly and it will be easier to hold your investment for a long time. Actions without a plan are usually haphazard, so if you don't have a plan for your investments, make a proper plan.

As construction of any big architecture requires planning in advance and long term investment is not less than any big architecture so here we should have proper and permanent planning.

Quote from: ThemePen on Today at 08:17:09 AM

Quote from: Mayor of ogba on Today at 07:51:21 AM

Quote from: Wind_FURY on January 18, 2024, 05:25:11 PM

Another DIP buying opportunity might be coming! I'm not sure how low, or if this correction continues to fall under $40,000, but buying some Bitcoin with any sort of discount should definitely be "greeted" with open arms. Don't miss the opportunity!

Buy the DIP, and HODL!

Since I've been accumulating my Bitcoin for a long term, I'm not worried about the recent dip in Bitcoin price. I'm happy because I will seize this opportunity to continue accumulating more Bitcoin at a low price. I hope this dip will last for a week so that I can use the money I kept to buy Bitcoin when there is a dip to accumulate more Bitcoin.

It is good idea to have a longterm plan and not let small changes in the price affect your decisions. By doing this you can take advantage of the market and maybe get more Bitcoin. But it is important to know that it is hard to predict how long the price will stay low. It would be great if it stayed low for a week but the cryptocurrency market is always changing. It is good that you are optimistic and taking action to get more Bitcoin.

The investor is asked to take risk in investing as the price cannot be determined in advance. It is difficult to tell whether the price will be positive or negative throughout the week. But I agree with what you said first that one shouldn't get excited over small price changes. If there is a positive change in the value of the coin after investing, then it is good, but even if there is a negative change, it is not bad at all, but should we take that negative change as an opportunity. For example, when the price of Bitcoin was 40 thousand dollars, I invested in one step and later the market fell to 38 thousand dollars and if it is possible to invest at that time, then it is investing in some difference in price. As a result of investing in this way, if the market goes to 42 thousand dollars, but the amount of profit will be relatively high.