Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Troytech
on 25/01/2024, 10:16:13 UTC
Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool



However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.
While we may well be aware of this, we can't always use the past to judge or anticipate the future and saying something as bold as 100% chance is as tho we are sure and can predict what would happen, over years now and under many circumstances bitcoin chart has behave in diverse manners that have shown unpredictability and as we may be hopefull about the halving event, we should also consider and prepare ourselves otherwise. If we become to bold about things and it doesn't go as planned expecially when you are expecting a bull and you invest all your funds since you are calculating a 100% chance and instead we have a continuous dip after the halving which may most likely or not happen, and then you are out of funds to take advantage of the dip because you must have invested all your funds with hope of a bear. Let's all try to be prepared for anything, since Grayscale started dumping, we really don't know what to expect and to remain uncertain is good for us, since we have the advantage to prepare for anything and can take advantage of any situation the market brings.