Re: Buy the DIP, and HODL!

You are missing the expression, which is the best time to buy was yesterday, and the second best time is today..

Yeah I thought of it too but I choose to write it that way because I believe yesterday is a past which can't be reversed so all chance given by yesterday are gone.
However, today offers a new chance for who are willing to take it and which might be better than tomorrow because no one can predict tomorrow, I had to cut out yesterday and replace it with today as today will later becomes a tomorrow

You are seeing it from the angle of motivational speakers instead of facing reality. The statement is not supposed to be difficult to understand neither does it mean you have to dwell in regrets for not buying yesterday. Rather it is simply saying that the more you delay buying Bitcoin, the less the opportunity of getting it at lower price is. Some people got Bitcoin when it was below $1k, some got it when it was below $10k, those are the people who bought yesterday which was the best time to buy. Now we have the chance of getting it below $100k, the second best time to buy so the question is are you buying now or waiting to buy at post $100k? It will surely get to that price in a matter of time so we have to use the opportunity we have now wisely.

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. It becomes a matter of buy now or buy later with a much higher allocated funds and getting lower amount of Bitcoin. Many people are already speculating the price of Bitcoin to hit a minimum of $100k, so who knows the actual possibility of it happening, it all indicates we running out of time to maximize our profits from investing now yet below the ATH.

It is likely that we will have some kind of a meaningful/significant correction prior to breaching $100k, but it is not a condition precedent. .meaning that it is not a prerequisite that we get meaningful/significant correction prior to breaching $100k... and also getting above $100k does not mean that we will stay above it, but it also does not mean that we have to correct back below it... .. even though it would be quite surprising to NOT have a least a few runs past $100k and crossing over a few times prior to getting above it and staying above it and then maybe coming back to challenge it later down the road.. and none of those waves are guaranteed as to how much UP we necessarily need prior to a correction and how much buy support is able to keep up with UPwards price movements, if they are going to continue.

I believe strongly on this speculation and I think staying above the $100k price is/maybe guaranteed due to the latest adoption, as long people keep buying it's pretty much possible to stay up above the $100k, I knew for sure we were only facing market corrections. Bitcoin hitting the $61k price yet before the halving is a no big joke, certainly we can also assume reaching last ATH of $69k is possible if only the market continues this way, more people keep buying.

Quote from: Hewlet on Today at 05:33:02 AM

Quote from: Obim34 on February 27, 2024, 09:45:14 PM

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. Like boss JJG said earlier, the better time to buy is yesterday but we know that's already gone so the best time to buy is definitely today. Even if in the next months it goes above the current $57k and gets as high as $70k, it might look a bit bullish for someone that's looking at buying for a short term but it's still reasonable to buy at that amount.

Some will still join the market during an higher bullish period of say maybe the next seven years and let's assume the price has gone as high as $90k+, looking at the price from a short term perspective might seem a bit discouraging to make an entry at that price but for someone joining the market at that time that can't reverse the hands of time back to the current $57k price of today, he is still good to go with that price as long as he is willing and able to hold for the long term and so that current price he meets it and he had the r source to start his Bitcoin accumulating journey is definitely the best time to start.

Yes, of a truth every entry price remains profitable as of DCAing or buying the DIP but everyone desires a much bigger profit and wasting more time either procrastinating will only amount to limiting one's profit.