Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 02/04/2024, 09:36:17 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.

In as much as I would love to agree with you but I doubt if it will happen because those words are just based on assumptions and not fact and besides in as much as most people feels that they  can interpret or predict the movement of Bitcoin price doesn't mean that the price will go exactly the way they had predicted because this was a similar case of Bitcoin months ago when the price was consolidating on a zone between $26k to $28k then and there was so many predictions, targets and speculation that the price will likely drop more dipper but at the end reversal was the case and people end up missing opportunity they would have use and accumulate Bitcoin, so right now in terms of investing we shouldn't consider more dip before buying because Bitcoin has already presented a good buying opportunity now, so waiting for more dip is like depriving oneself of buying Bitcoin.