Quote from: Mayor of ogba on Today at 08:07:58 AM

Quote from: barisbilgili on April 22, 2024, 12:27:08 PM

Quote from: Taskford on April 22, 2024, 10:32:44 AM

Many got afraid for thinking that this is already the peak but they forgot to realize that what they said their intention here is to hold for long term. If they are afraid to buy now then this mean that they are not really prepared to hold bitcoin for long term since what they are seeing its current value and they afraid to see a dump since it will affect them so bad. Maybe those people are for trading so maybe for that they should follow their guts rather than gaining a lot of stress for thinking on everything they are not sure especially on their goals. And comeback later on their plan to hold once they learn on how to execute their plan to hold for long term.

Also people need to know that there's nothing wrong to take a profit at this current situation since its normal for investor to take something when they need it. What's important is there's still a balance left so they would not missed another good opportunity that they could able to earn once same good situation will happen and bitcoin price would pump again then reach for another new ATH.

This is only natural because Bitcoin's movement has been quite drastic in the last few months without any deep correction, so there is a fear of entering (buying) at this time.

If we already believe it will be different from people who still have a lot of calculations and of course everyone has different speculations.

Personally, I don't care about the continued increase because I believe that in the long term holding Bitcoin will be a big enough profit that I will continue to make purchases if I have the money without caring about high prices like now.

Since bitcoin is a long-term investment, waiting to see if it will dip below this current price before we can accumulate it is a bad investment move. No one can buy the bottom. And since we are not selling our bitcoin in the next 4 years, it is good that we keep on accumulating bitcoin with the DCA strategy so that it will help us accumulate bitcoin when it is increasing and decreasing, and we will not have to wait for bitcoin to dip before we can accumulate it.

What dip they are waiting? To many scenarios happening in the market and maybe they can't spot the right timing they are waiting. If they are really going after for long term investment then I guess waiting is not a big deal here. Much really better if they can buy at the moment since they are not for short term their main intention is supposed to be for long term that's why this people should not only look for short term result since since they have set long term goals either another 4 or 8 year cycle on bitcoin. The main goal is to have balance for that time span so once we achieve to reach that target year then we are happy earning all the efforts on accumulation with bitcoin. Those people who wait for dips before they accumulate most likely will fail on their plans and cannot execute to hodl since they might get afraid on some situation since they don't want to lose their money.