Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Cryptoprincess101
on 29/01/2024, 21:15:30 UTC
Those who want to hold Bitcoin for the long term must keep a close eye on the crypto market. Whenever you see a dip in Bitcoin price in the crypto market, you will try to buy and hold Bitcoin. But I know that Bitcoin will pump multiple times in the next few years.  .Now bin our time and expect to earn multiple times in a few years from now.
Generally the topic of discussion is strictly based on Bitcoin here and not shitcoins that is your use of the term cryptocurrency implies that you are including altcoins in the discussion whereas the topics is talking about long term bitcoin investment. Moreso talking about keeping close eye in the market movement isn't necessary for investors accumulating Bitcoin for long term, those who keep close eye to the market movement are known as the traders who's intention is to sell at any profit added to their investing for short term profit and that is not the topic of discussion because trading is considered to be gambling.
 Considering your DCA method serves you better because it reduces the risk tolerance of volatility and market fluctuations nature of Bitcoin.

There seems to be clarity in your explanation as I don't even know what some users takes this thread for, some kind of shitcoins and altcoins thread? If anyone wishes to discuss about alternate cryptocurrency I believe the session is their to make or create threads as regards cryptocurrency but here we specializes and lay more emphasis about buying and holdling of Bitcoin for a long term just like you've clarified that monitoring ones investments would rather lead to tampering with ones coin that is being hodl because sometimes as a result of unstable prices of Bitcoin as it may rise or dip and in a case of dipping an investor that's always monitoring it's activities in the market might choose to liquidate the amount he is hodling already and would not be able to further DCA and more likely to sell off the coins and expect a dip to come in other to buy again and if the price keeps increasing then he might find it difficult to buy thereby buying and holdling bitcoin can be defeated and at the end of the day no bitcoin would be in your portfolio and it would be very unwise if a bitcoin investor doesn't have or acquire more Bitcoins before the halving because it's almost near as we have about 80 days to halving before the bull run begins.