Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 09/03/2024, 10:50:22 UTC
⭐ Merited by JayJuanGee (1)


But during 2019 there were merely a handful of people who would say with real confidence that Bitcoin will surge to six digits. Many times, those people were derided as stupid, or called "Moon Boys". ¯\_(ツ)_/¯


The same is true in 2015 and 2016 (the year of your forum registration)  Many folks probably considered $3k to $5k to be the top for the next few years, but we had a bit of an overshoot in 2017 to the upside and then to the downside correction that did not even come close to as low as the BTC price had been in 2015 and 2016...


I would absolutely be one of those people who never have believed that Bitcoin would surge to $20,000 OR even five digits. Hahaha. But it was only during that time, that it started to become obvious that six digits is a possibility for the next cycles. Although there were many people that remained very doubtful.

Quote

as we know the low in 2018 and even the quick correction in 2020, only got into the $3ks so $3k was not even breached and the second correction to $3,850 was merely as spike and the BTC price spent less than a couple weeks below $6k in 2020.


That illustrated that large DIPs are for buying. Cool