Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
Frankolala
on 28/02/2024, 07:19:27 UTC
⭐ Merited by Marvelockg (2) ,JayJuanGee (1)
People neglect this fact of time wasted can not be recovered and missing the chances of buying from the DIP, may only amount to purchasing in a much higher price.
well, in this context  of buying the DIP,  Thier is nothing much about time wasted. Whatever time you decide to buy is actually a good time as long you're willing to wait long enough.
Waiting is a waste of time, when you can get started immediately, because you will be limited to the quantity of bitcoin that you you are suppose acquire when you start choosing when to start investing. Time wastes for no one, likewise bitcoin price too. This is why it is good for a beginner to start investing in bitcoin when he has the money and he is prepared for it, irrespective of the price of bitcoin as long as he has a specific amount of funds that he as assigned for his regular DCA weekly or monthly. This is why an investor must plan for a long term goal so that whatever price he buys bitcoin even at the current price of 56k, he will make good profit at the long run.

Bitcoin price shouldn't be a barrier for you to start investing because you don't have any bitcoin yet, and even people that are still in their accumulation stage should continue buying, because their is risk in waiting at a point of time, due to the pump in bitcoin price. Waiting will slow than your bitcoin journey, and also keeping your bitcoin portfolio stagnant, if you have not reached 70% of your bitcoin target or your maintenance stage. This is why new investors and low coiner should also prepare for the UPity of bitcoin price and not only the dip.