Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Marvelockg
on 28/02/2024, 08:03:20 UTC
⭐ Merited by JayJuanGee (1)
We want to invest in bitcoin we should only focus on the bullish market so therefore I believe that those people who invest during the time the price of bitcoin is low that the people that make profit when the price go up so I will advise every beginner to invest during the time the price of bitcoin is low so that they will not experience any loss, to accumulate bitcoin, you have to wait experience having before you purchase bitcoin, so that you will not be victim when the price go down
this is just the basic and fundamental knowledge   every new investor needs to know before investing.

Those anticipating the market to become more bullish are those that have bought some Bitcoin already and a bullish market becomes an advantage to them but for new investors that are just about entering into the system, the aim is to buy at the DIP and so a bearish market become Thier best entry point but it's not as though you're going to be overly concerned about how bullish or bearish the market is as a factor that will determine the time to start buying. As long as you have a saving that you can comfortably invest into an asset, that's the best time to invest. Leaving your money in fiat has always been a disadvantage and a sort of liability to the holder so it's always best to push your reserve funds into buying an asset that will profit you in the long run.

I guess this is the self advice I gave myself after looking at how valueless our fiat has become and that even after saving a reasonable amount of fiat in the bank, it will ends up yielding very little interest which is too small to buy commodities at the current price because price of commodity normally goes up while the value of our fiat has always dropped and it will end up placing me at a serious loss. Investing my reserve funds in Bitcoin on the other hand for same period of time will yield a great increase in the long run while I can convert it to my fiat when ever I need to and because fiat in most cases always dropped it value,  it gives me a win win situation.

I guess any new person like me that's finding it had to start buying the DIP can do his own analysis and find encouragement and the need to start accumulating bitcoin now.