Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ndabagi01
on 16/02/2024, 17:42:24 UTC
What's happening now is the pre halving pump. I have carefully observed that months leading to the halving bitcoin do pump more and dump less. I think it's just bitcoin following the same pattern of the established norms. So I don't think anything will change from previous times. It's very unlikely that a new ATH will be set before the halving. Since it has not happened this way for the previous halvings that has occurred. Bitcoin is just following it's natural sequence, that's why we are seeing this continues high. This continues new high will now usher the new ATH few months after the halving.

The consensus that bitcoin is currently following is consistent with previous periods, and it is simply the normal cycle preceding the bull run. We have yet to witness the halving, and the current market movement is such that if a bull run occurs next year, bitcoin will reach a new all-time high before the actual bull run. But all I see is that another correction will occur before the day of halving, causing the price to drop slightly again.

I do not expect a large market drop again, but it will not be long before we see a halving as the expected date approaches. We will be left to speculate on the timing of the bull run after halving has occurred. I also believe that the price the markets reach after halving will determine how the market reacts to the bull run when it comes to setting a new all-time high.

According to the DCA method, the longer the investment is, the more benefits will accrue. Since its inception in 2009, many investors have held Bitcoin for the long term to date. It is up to the investor who is ready to take the risk to invest at the right time. There is no fixed time to invest in Bitcoin, it is possible to invest only with proper thinking. I have participated in the investment since April 2023. And take everyone's advice to prolong my investment. I gather enough knowledge from here and am urgently trying to keep the investment alive for a long time and I am ready to invest more.

The DCA method is still the best way to accumulate bitcoin for the long term. Even when lump summing, you usually reach a point where you wish you hadn't bought everything at once and instead waited for the price to drop a little before buying. The market's volatility makes it difficult to predict. Although any method is suitable, and anyone can work perfectly for you if you follow through and are prepared to hold for the long term. Just look for the one that works perfectly for you and stick to it, and if you see the opportunity to use the two methods, don't hesitate to do since it will increase your bitcoin holdings for the long term.