Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Spaceman1000$
on 19/03/2024, 12:22:58 UTC
Does Bitcoin actually have a Dip season? Or just when you are capable to purchase that comes the investor Dip time?
Anyways, let me just say buying at the Dip and holding is the best format to purchase your Bitcoin and accumulate as much as you can while the markets erupts to be appreciated in values.

While we alternates to diversify our investment to the altcoins, I don't think if there would be confidence of reliability to buy and hold for such a long term while aiming for increments in the market value. Believe it, altcoins cans be funny.
Bitcoin actually has the dip season, where the market value of bitcoin drops significantly, making it possible for investors that don't have the money to buy the previous high value to start buying and accumulating.

Whenever you have the resource to begin your bitcoin investment journey, is not the same as dip, you can actually start investing let's say when the price was $49k, and after few weeks it moved for $53k,  that simply means you started investing when you had the money, and so far you've made profit of $4k and that's because you've held on for weeks.
However buying the dip requires you to have invested when the price was a bit lower let say $30k or even lower, and the start purchasing little by little using the DCA method.

Altcoins are just what they are known for, alternative coins. they cannot be trusted with long time investment, even when some of them tends to appear with some high market value at a particular period of time, suddenly before you will say Jack, they are no where to be found.