Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Moreno233
on 24/01/2024, 06:01:01 UTC
⭐ Merited by JayJuanGee (1)
Personally, I do not like ideas of "going all in" to investments...

To me, it sounds like gambling and or trading rather than investing.

Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.

You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.
I agree with your statement because Bitcoin is looking more promising now than ever. It is expected that the halving will create enough news and motivation to cause massive inflow of investors into Bitcoin and this is good news. However, we should not stretch our expectations like many of us did with the ETF approval. Some people actually thought the ETF will make price go to the moon, of course you know that such thoughts will lead to irrational decisions filled with greed and FOMO. Many of those who just want to invest and sell when it moons got caught up in that classical pump and dump that happened within that ETF approval period. I think it is not a good approach to Bitcoin so we must be careful not to follow that route regarding the coming halving.

The recent correction is coming right on time and offer a golden opportunity for those who want to join Bitcoin or upgrade their investment to do so at very discounted price. We can seize that opportunity to apply whatever method we are using to collect more Bitcoin. Like I said before, it is important to set ones expectations right.