Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Marvelockg
on 29/02/2024, 10:02:01 UTC
People who bought bitcoin last bull run when bitcoin was $60k will be happy to see the bitcoin price back to $60k;
so let me get this right, are you suggesting it's best to buy during a bullish period as this only to wait for another bullish period when the price would have torshed this  current $60k point? I know for those that have the ability to doing a ten to twenty year holding, it might be reasonable and okay for them but I feel it's best to buy during the bearish period so you don't necessarily have to wait forever before your holding yields a good profit.


quote author=Justbillywitt link=topic=5132720.msg63735956#msg63735956 date=1709196017]
Hodlers always win at the end of the day. Let's learn something from this, especially those that didn't witness the last bullrun.
[/quote]yeah, to some extent you're correct that if you have the ability to hold long enough you will definitely gain at the end of the day but Thier is a better way of doing things and that's why it's best to buy during the DIP. Why wait till the market is bullish before buying  and then you will now have to wait almost forever just for for another highly bullish season before you get to the same $60k price out brought it?