Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ruttoshi
on 03/04/2024, 17:06:47 UTC
Bitcoin market from 70 thousand dollars suddenly touched 66 thousand dollars, although I lost some money due to this temporary dumping of the market

You have not lost any amount of money, if you have not sold your bitcoin, and I would advice you to keep on hodling your bitcoin for a long term and don't start thinking like a trader that are only after short-term profit, because this is where they make the wrong decision and sell to regret and the end of their actions. When there is a dip like this, it is an opportunity to buy bitcoin in discount, but it is better to keep on buying with DCA strategy weekly or monthly, instead of waiting for a dip that may or may not come.

at this time if those investors invest in Bitcoin and wait for a few days, they can make good profits in a short period of time.
Short term profit should not be your target because it kills the aim of increasing your bitcoin investment portfolio, which investment should be for a long time, so that the investment can grow and stand firm as a back up for your future. The best way to benefit from bitcoin is when you invest in a long period of time, because the price of bitcoin in future will be very expensive compare to now that you are buying it, and your profit will Compound to become your new capital as time passes on. So invest wisely, and don't start crying later for your actions.