Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tmoonz
on 09/02/2024, 14:00:55 UTC
That's how important that we familiarize bitcoin characteristic so that we will not get panic on the little drop happening since bitcoin would surely recover after correction happen.

For sure there's a lot of people learn something from past price occurred where bitcoin dumps so bad but now it recover at $46k and it slowly reaching at $47k anytime today. This mean that if we encounter some negatives on our portfolio we should not get panic since its just a paper loss and there's still a huge chance that we can recover that's why we should not get panic in those situation and continue to use bitcoin normally as if you want to invest or trade it.

We can see now how lucky those people who accumulate at $39k price since at short time span they are already gaining a lot especially if they accumulate huge volume at that time also there's big potential that they can even earn more from this since bullish run for bitcoin is I think bound to happen.

Your expression looks so mixed up and contradictory, it seems you are encouraging long term investment and trading for short term as well, thou is your choice but for the benefits of this thread long term investment is being prioritize as it says buy the dip and hodl, the reason why it's dominates the thread is because it has lesser risk compared to the Short term trading.

Talking about short term or trading means your are exposing yourself to greater risk of losses and gambling with your investment because it creates that emotional unrest of monitoring the downward and upward trends of the market condition by focusing on profits maximization within shortest time frame whereas in long term bitcoin investment you can accumulate Bitcoin and hodl irrespective of time volatility through your dca method. the  choice is yours it is only advice that is shared here.