Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
laijsica
on 22/04/2024, 10:36:03 UTC
⭐ Merited by fillippone (1)
The dropped in Bitcoin price was largely expected as it usually happens before the halving.
You may be more concerned because various surveys and financial institutions have expressed this concern, such as JPMorgan.

So I think rather than being concerned here, stay in holding more with patience and tolerance. Some investors prefer to buy Bitcoin at the bottom price in this case the psychological side affects. Desperation acts among them when prices fall or expect more bottom prices. But at this time every investors should be more focused on holding, continuing to buy the dips and DCA.


The latest ATH was mainly because of ETF's and what we see from past is that halving doesn't have any impact on price of Bitcoin immediately. If you are looking for effect of halving then you have to wait for a year or more. Since this thread is mainly about buying the dip and HODL, so it's ideal time to be bullish on buying Bitcoin. Those who don't have adequate Bitcoins must take dip's as an opportunity to buy more Bitcoins. If price go beyond 60k then one must buy more Bitcoin's rather then getting worried about price drop.

That's absolutely true, many people who are new to bitcoin who hasn't actually witnessed bitcoin halving might be thinking that the halving used to have an immediate impact on bitcoin. I guess some are disappointed right now that what they thought about the immediate impact of the halving on bitcoin wasn't the way they expected. I know many of them might be tempted to sell back because what they are seeing now is not what they thought would happen. But they have to keep holding and rely on bitcoin past history. But anyone who is tempted to sell off because he/she was thinking that immediately after the halving they will see immediate impact will definitely regret doing that 6 months to 1year from now.
In fact, investors did not get the expected DIP price from this halving - they may have expected a lower price. Increasingly responsible for the demand for BTC and its holdings. But you should take an experience from this that how important it is to accumulate BTC especially for beginners. Older investors weren't tempted to dump their stacked BTC because they knew the price would go much higher, so they were eager to buy more and are still buying.

In my opinion the price of BTC will continue to rise based on current demand and not just past experience - I wouldn't be at all surprised if the price touches $100k in the next 3 months as BTC market depth suggests this is positive. No investor can be tempted to sell BTC in this market.