Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Troytech
on 24/01/2024, 23:40:00 UTC
Now is the best time for investors to buy the dip and hodl it with the expectation of the next bull run market when the price of bitcoin will be high.
While it is very good to be optimistic about your expectations in investing in bitcoin, as a newbie it is also good to have in mind that anything can happen out their and the market remains unpredictable, yes we are expecting a bull run but its also possible (even not with the facts that are available to us like the halving theory and all that) that things could take side turn and the market goes bearish and if you are overly expecting to make profits out of this bull run as an early investor it could cause you to lose hope or even become sluggish with your investment. What I'll advice is that you plan out and be ready for everything that could happen on the Market, have a set of different senerios planned out for every possibility that could happen for example based on how optimistic you are sounding your best case senerio would be for the market to go bullish and maybe give a desired price that you have In mind and a normal case if the market decides to remains flat with no much movement and a worst case if things go full bearish and against your expectations.

One thing beign preached here is readiness, we must be ready for anything since we can't full beat our hands on our chest and say that this would happen our that would happen. Your major aim now should not even be where or how the price turn out(unless you have already been an investor for a while and not really a newbie, but for the sake of this forum and ranking system I'll advice you as I see) but to continue with your DCA and build your portfolio to a certain level and your aim for profit would be after holding and investing for like 1-4 years, this would help you keep your eyes on the right direction and so you dont end up losing track along the line I  your investment. Try to also your reserves in case of emergency or even if the Market goes against you.

Stay safe, invest with the right mindset.