Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Troytech
on 28/02/2024, 20:11:40 UTC
That is called front running.. and nothing wrong with that.. even though you still have to be prepared for the possibility that the BTC price could end up moving against you.  We never know with these kinds of things, even though it does seem that there is a lot of evidence that there continues to be a lot of UPwards pressures on BTC prices that is likely to last for several months and maybe even through this whole year.. .. but at the same time.. we cannot always know.. so we just do our best to prepare for anything while realizing that the ONLY way to prepare for UP is to make sure that we have as many BTC as we are able to have.. .. but if we are not planning on selling for 4-10 years or more, there may or may not be any advantages in overly stressing our finances in order to acquire such BTC and/or to attempt to front run anticipated BTC price moves.


I agree with you on this, the only way to actually prepare for ups would be to have more bitcoin in your stash, and In trying to prepare for ups with front running I've understood from your comment that I should also have a back up plan in case things go against me cause I can never truly be sure about the movement of the market there is also every possibility that the price could just start going down, and if that happens the only way I can stabilize my average DCA buying is to buy more at those lower prices to balance it up and that is the only preparation I've learnt to keep my floats and reserves for situation like this, but nevertheless I am still watching the price and I think we might have a new ATH this year and there are some times that bitcoin also never returns to previous prices and if that happens I would be on a very positive profit on my portfolio.