With BTC going down still, currently at $63,700. Do you think it is the correct strategy to buy more BTC and HODL?
I admire Mr. Michael Saylor. I admire his views about Bitcoin which in one of his interviews describes as the ultimate form of property and investment asset, emphasizing its role in capital preservation. He once compared Bitcoin to real estate in New York City, suggesting that just as property in NYC is held long-term for its value, Bitcoin serves as the endgame property for wealth preservation. And I couldn't agree less. From their recent purchase of the dip, it is clear that their continuous acquiring Bitcoin is because of their strong belief in its potential for faster appreciation than traditional assets like stocks or real estate.
They did try to buy the dip but it has dipped further. Will we see another ATH soon? How long would you HODL if you were in MicroStrategy's position?
Of course yes. It is certain that we will see another ATH but not in this month of March.
As a person who shares the same strong views and belief in bitcoin as them, I would HODL. If I don't that would just be sad.