Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Barikui1
on 02/04/2024, 09:01:02 UTC
Are we considering $66K a dip now?
I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.

The price may continue declining until it is time for the halving. After the halving, the price will go sideways until people get bored waiting. Only then will the price increase slowly from up to down.

When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.

It's actually true that the price of of Bitcoin can deep further considering the fact that it's in a downward trend even on the longer timeframe, but the thing that makes me have a doubt if it's going to go down further is that, the price of Bitcoin now is in a very strong supply and demand zone, which I really don't think it, it can break this his present support level, but as an investor that we are, I really don't think it's necessary to be looking at that if we really want to invest in Bitcoin, so I sees it am opportunity to buy aggressively according to my financial strength through the DCA method am been using to accumulate it, but as a long term thinker that I am, looking at the price chart is not necessary for now, because I that price doesn't reflect the actual potential of Bitcoin price in the future.