Quote from: Taskford on Today at 07:57:15 AM

Quote from: Roseline492 on May 01, 2024, 07:14:35 PM

Quote from: FinePoine0 on May 01, 2024, 11:36:26 AM

Quote from: Mayor of ogba on May 01, 2024, 09:53:03 AM

Quote from: I_Anime on May 01, 2024, 07:33:09 AM

Dipppp this is what most of us as been waiting for this is an glorious opportunity to purchase or Stash more Bitcoin in yah portfolio and HODL, by now alot of folks will be in the state of panicking which won't do any good . While those of us that understand Bitcoin and it's potential will take grab this opportunity to buy more expecially those no coiners and low coiners, this is the time to increase the rate of your accumulation, be as aggressive as you can so that when the bull run begins you will also smile and testify Like others.

You are right that this is a good opportunity to accumulate bitcoin because the price is low at the moment, but we should be careful how we use the word aggressive so that those who are new to bitcoin investment do not aggressively buy bitcoin with all their money. Since I'm accumulating bitcoin for the long term and will not be selling it in the coming bull market, I will stick to my DCA strategy so that I will be able to solve my unforeseen problems whenever they arise. But that doesn't stop the investors, who have enough liquidity, from seizing this opportunity and purchasing more bitcoin at a low price.

If you have savings then you should not invest with full money, as the price of bitcoin is going down a lot in the current market so investing at this time will definitely bring success in investment. Preparing for a bull market now is the best time to grow your investment by investing regularly. As the Dip is currently underway, investing in Bitcoin now should wait.

I wonder why you would suggest for people to stop investing on Bitcoin now just because of the price drop, however it seems you are expecting more serious dip before you can invest, actually is a very wrong idea because this could cost you to miss accumulating Bitcoin while you can also one of the things you should also understand about Bitcoin is that you can hardly predict it movements because right now it may seem bearish but the next moment it will start increasing, so don't misunderstand the Bitcoin price movement now to become more dipper, so the early you start accumulating Bitcoin the better chance you would have.

I think what he mean is all of their money since its not really advisable to do since instead of you will be fine even if the market collapsed you will get panic about the situation since all of your money is there and get afraid of certain possibilities that you have a chance to lose. Much advisable to invest only the amount you afford to lose since any situation that will occur for sure will be tolerable to the investor since this is just the spare money used for investment and they can focus on their goals since there's nothing to worry about on some situations currently happening in the market.

How will you be able to increase the quantity of your stack when your plan is to invest an amount you can afford to lose? It doesn't sound right that you're buying an asset like Bitcoin with the mindset that you might loose your investment in the process and giving you the idea that it's best you invest so small such that if you loose in the process it wouldn't affect you. That mentality is only going to hinder you from attempting to invest above 5% to 10% of your income and that in itself means you're just gambling and don't understand what's the prospect of Bitcoin. Investing into Bitcoin isn't gambling that's a 50/50 thing and that's why Bitcoin entosiast like micro strategy still buys the amount of Bitcoin they are currently buying. Do you think they are buying at such pace and with such amount because they want to loose as high high $13.6B worth of Bitcoin? Once you're talking about investing with the fear of a possible market collapse then it goes to show you can't invest inti bitcoin for the long run and that any correction you see with look like a threat that will tend to give you the impression of pulling out your asset.

Quote from: Taskford on Today at 07:57:15 AM

Right now instead of getting panic on the dump people can continue to accumulate since their aim is for the long term and not for short-term trades. If they got afraid for sure they would be the loser in the long run.

this period is obviously in line with the statement that Everytime is the best time to buy BTC and the DIP is even the better time to buy more. although $57k isn't all that DIP and for most people that are buying there BTC using the DCA methord, it doesn't make a big difference if the market is getting bullish or bearish since you've already set out an amount that will regularly go into your weekly or monthly DCA and would have to continue in your stacking regardless of the market trend but if the resource is available, correction like this presents a perfect opportunity to buy more. But you know that if the amount you're using for your weekly or monthly DCA isn't much, regardless of wether Bitcoin is at $57k or $80k, you aren't really on a big advantage that much since what's really a major factor that determines if you're in profit or that determines if buying at certain DIPs will put you in good profit is that you've bought more BTC at such time.