Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Hewlet
on 20/01/2024, 16:33:48 UTC
why I'm saying this is that I have seen numerous of investors who focus on buying Bitcoin only when it gets to a particular price and they waited for a long time and the price could not get to there intended points as such they missed all the opportunity they had on taking advantage and accumulate Bitcoin.
waiting for bitcoin to get to a fixed price before buying is not a realistic method but the best thing to do is to set out the range of amount the price of bitcoin will fall to before you start buying and also set the range of amount the price of bitcoin will get to before you can sell off your holdings. Except you want to be a greedy investor if not, knowing the most convenient range of value I buy the DIP shouldn't be a big deal and should be a fix stuff because the volatile nature of BTC itself suggest that the price of BTC isn't stable and that while you are waiting for the price I go down to the threshold you've set for yourself, others are waiting for the bull run which will counter your plans of buying at the DIP.