Post
Topic
Board Bitcoin Discussion
Re: Buy the dip people!!! Could be last chance for prices this low
by
amishmanish
on 15/03/2024, 14:23:28 UTC
The traditional markets are tanking everywhere so that generally shows up immediately in bitcoin these days. You can't really be sure that the price will not dip below this. Like always, the BTC movement leads to some sort of frenzy in some other unrelated area. The frenzy this time seems to be memecoins and L2 networks which are seeing mad swings, scams, pump and dumps.
Nothing really new here except the substantial positions that the ETFs have taken. Now we'll see the effect of truly mature speculation on the price because the institutional traders are going to do their thing on this big a scale for the first time. DCA'ing is still the best thing to do in my opinion.

Maybe do a few bulk buys as per your capacity by keeping a target assuming that you can wait for the ATH as well as take the L for sometime if it goes downwards.