Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
batang_bitcoin
on 26/03/2024, 17:48:04 UTC
That's it, while the major institutions can do whatever they can and are able to buy in bulk and thousands of bitcoin. We as simple investors can do little by buying through DCA. And if you're onto the point that you want to sell, the matter is on how you are satisfied for your time of selling. But as you can see, many from the forum don't want to sell as soon as possible and there are more prolonged plans that they'd sell at the right time with a better pricing and no one knows when that time is going to come. As soon as you're wanting to cash out and you're happy with the price and that's how you reward yourself then do it.
We cannot compare what large institutions do with the investments we make. However, in this case we can conclude that currently many large companies are buying bitcoin, so don't sell your BTC holdings to those who might have difficulty finding a cheaper price like the first purchase we made. The level of complacency is always there but for now we have to be against taking it because in the coming years bitcoin will be more expensive and that is because of the scarcity that is occurring.
Just as what most of us are saying, it's about that there will be a point of time that we're going to have hard time buying these Bitcoins at a cheaper price. Right now, we're looking at it on an expensive price and there will be more price fluctuations to come that we're in a bull run. Maybe at some point after this bull run that we'll see cheaper price but I believe that it's harder to get Bitcoin at that time when it's going to have a new higher all time low and many will still consider it as something that they can't afford and for that reason, they cannot just sell too easy at these ranges because that's how we planned for it and that's what HODL means.