Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Marvelockg
on 19/03/2024, 10:27:05 UTC
⭐ Merited by JayJuanGee (1)
Look at the market today compared to where it was last week it is down $10k it presents a perfect
opportunity to get some FIAT into Bitcoin during the dip. Dont wait to try and time the absolute bottom,
be thankful of the discount which is presented now

funny enough, those that could not buy last week because of excuses will not still buy now that Bitcoin price is down by $10k. It has never been about how well you time the market before buying, it is more about setting how you want to be buying on a regular bases and remaining with that strategy. Early this year, Bitcoin was at a serious dip and was down by at least $30k compared to the $72k it got to some days back and somany persons didn't buy and I guess they are still waiting for Bitcoin to drop back to $30k before buying.

This is one advantage of buying with the DCA methord. Even though you buy by January when Bitcoin was around   $40 and  February when it went too high to $62k and also at the new ATH when it went to $73k, if you continue with this trend foe the next ten years, you will still be in good profit because when you've finally taken the average at the end of the ten year interval, you will still be in profit because a new ATH would obviously emerge and the value of bitcoin at the time would have have double it curent worth possibly.