Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Tungbulu
on 06/05/2024, 11:01:02 UTC
⭐ Merited by JayJuanGee (1)
Indeed.
Almost everyone knows about Bitcoin's volatility, although while we all anticipate price fluctuations, it's impossible to predict the particular direction and magnitude it'll take.
You're also right that even people who believe in Bitcoin's long-term potential for growth, it's also impossible to predict the exact timing, the extent it'll grow and the exact pace at which it will.

These uncertainty shouldn't actually be a bad thing, to me, it's exactly what makes bitcoin investment exciting and adventurous because the more you advance, the more you learn and discover new techniques and approaches, learn from your earlier errors and advance.
It's very crucial for an investor to know exactly how to understand and manage these uncertainties through risk assessments, long-term perspective, regularly balancing one's portfolio, diversification and always eager to research and learn more.
Bitcoin is bound by uncertainty of what the price would be especially in the future. But doing one interesting thing is that you can be uncertain what the price would be tomorrow next week or next month. One thing is assured that the price in the next 2 to 3 years would be greater that what it is today, So the question is two to 4 years a so big that investors won't have patience to wait? Many persons are misled by the dip action currently thinking it will dip even more. My dear one doesn't need to be persuaded much a true investor will see an opportunity like this and buy the dip instead of thinking about where the price would be soon.
Your point is well understood, but we need to really understand that past performances of Bitcoin doesn't in any way guarantee future results. Bitcoin has undoubtedly shown a tremendous growth in the past, but that still doesn't guarantee that its future growth would be exactly the way it was in the past, although Bitcoin has the potential for future growth and that's certain but factors could affect the pace and it could differ from past performances. Let's take for instance the COVID 19 pandemic that shut down the economy back in 2020, although Bitcoin recovered in the long run but it took it longer than it was supposed to. So the assertion that bitcoin will continue to increase in value over the next 2 to 3 years is only but a presumption and not certain.

The Bitcoin market is highly volatile and highly unpredictable, and a lot of factors has the ability to affect the price, so its really only not a matter of waiting for 2 to 4 years, but also about understanding the market trends as well as the current condition of the economy.
Yes many investors would be misled by the current DIP, because buying the DIP isn't enough, there's every tendacy of loss when you buy the DIP without doing your due diligence as an investor.