Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Hewlet
on 31/01/2024, 05:55:52 UTC
Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically  stable.
although the term HODLing tend to suggest that you have to hold it for a little while, investing in bitcoin isn't all that a long term investment  as you suggest because the volatile nature of Bitcoin depict that you could have a reasonable returns even after a few month of investment unlike other asset like land that after buying, you have to wait for as long as five yeas upward before the value of the land will appreciate. We've seen the price of bitcoin rise to $42k this January and then dropped back to around $39k this same January so buying it now and after a week or two the price goes back to the $42k, if you sell it at that price, you've made your profit within the shortest possible time.

Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 
i guess what you are trying to say is that investing earlier will give you a better advantage over those waiting for the price of bitcoin to drop to as low as $37k before investing as anytime from now, the market will experience a bull that will make people without a single holding to regret their inactions and indecisive nature. This is actually true because this is actually the beat time to invest because you are certain that you wouldn't experience any loss from buying at this current price.