Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 23/04/2024, 14:46:20 UTC
⭐ Merited by JayJuanGee (1)
Many newbies even thought that it's a deflationary currency, not a fixed-supply and currently still a inflationary currency that halves the inflation every four years.

The newbies who "got disappointed" because nothing happened immediately after the halving, should learn the hard way. - That by selling at the current price "in disappointment", they will FOMO again during a surge to $100,000 giving them less units in Bitcoin.
Halving is often associated with a surprise price that will increase many times over and that is the dream of Bitcoin holders, not just beginners but everyone. If you look at 2022 when bitcoin falls to $15k and in 2024 it rises to $73k of course the increase has already occurred many times over and they have to measure it to be a definite comparison in what they expect.

In this halving it may be a little unique because at the time of the halving we were hit by war between Iran and Israel but the price of Bitcoin was still strong enough to stay at $60k so my assumption is that when the war ends we will see a lot of money going into BTC which will make the price Bitcoin will rise again and continue to print a new ATH.

Holding is an action that must be maintained, therefore do not cash out if there is no urgent need for our living needs.


I believe another unique situation is that the U.S. economy could crash - a situation like 2008 that prompted Satoshi to start building Bitcoin - and cause a contagion, taking almost everything down with it. Will it take Bitcoin down with it? I believe yes. But we HODLers know what it truly is - Another Golden Opportunity to buy the DIP and add more units in Bitcoin in out wallets. Cool