Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Roseline492
on 23/03/2024, 16:56:38 UTC
⭐ Merited by JayJuanGee (1)
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
No one would just venture into market without them drawing their analysis to know when is the safe time for them to enter market or not, just as what happened recently when the market touched 73k plus and people with this mindset rushed to acquire more asset thinking this could possibly break out the market to hit 100k. But unluckily that was the worst entry from any trader although I can't still dispute that after halving we could still witnessed another new ATH but at this point those who already jumped into the market are just like people who jumped from fire to frying pan without any rescue except we have finished halving before the main bull run will come, at that moment investor can decides to take profits from every investment except such person has decided to hodl for decades.

You seem to have a pretty narrow view, and you also seem to assume that because the BTC price has gone up then it is bound to correct, which may or may not be true.

If you do not have any bitcoin, then the ONLY way to prepare for UP is to buy bitcoin.

Furthermore it can take a real long time for a newbie to build a bitcoin portfolio, perhaps 10-15 years or longer, so there could be  a lot of value in getting started, rather than waiting.. and no one really understands all aspects of the bitcoin market, so there likely is no problem to get started and to learn as you go and learn as you are initially establishing your position, whether you are starting with $100 per week or $10 per week or some other amount that might be appropriate to get started.

Yeah that's very clarifying @JayJuanGee because is quite surprising with the kind of mindset or understanding some persons could have about Bitcoin by assuming that since the price has gone this far it will have some correction, and this assumption has affected so many new investors mindset that instead starting to accumulate Bitcoin they are still waiting to see if the Bitcoin will have some correction before they could start investing. However what they failed to understand is that nobody knows what will be the next movement of Bitcoin so instead of people to wait and see the outcome they could actually utilize the opportunity now and start accumulating because looking at the bright side of it even if the price drops or increase it will not affect there investment because is for a long term holding and considering the potential of Bitcoin they will always be proud to have invested on Bitcoin in the future.