Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
FinePoine0
on 19/01/2024, 13:38:41 UTC
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.

The recent price drop is indeed very important to take advantage of, especially for those who are trying to collect more Bitcoin at $41K. Because I think the current decline will not last too long in Bitcoin because there are still some good influences for the next price increase this month even though it happens more slowly. However, I believe that the price decline will not be that long in Bitcoin, because the influence of the large number of buyers can also be a real factor in the next price increase which will make the market turn green again this month.

Here we will hold Bitcoin for the long term, here we will determine the price by following the DCA method of investing for the long term. If we buy bitcoin at current price of 41k, again if bitcoin price is 44k we will buy here as usual. We will average between these two prices and thus save our investment. We never think of short term investment, more long term investment the more we can grow wealth. Evolve your thinking, ditch short-term investments, and embrace long-term investments.