Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Sim_card
on 31/05/2024, 06:41:56 UTC
⭐ Merited by JayJuanGee (1) ,Mr.suevie (1)
Unfortunately, at this time we no longer have the opportunity to buy Bitcoin at a cheap price, currently the price of Bitcoin has risen too high. But we can still buy Bitcoin, it doesn't have to be one Bitcoin. At a minimum we can buy Bitcoin with an amount of $100.
I don't see the current price of bitcoin expensive because we are in 2024, and with a high level of inflation compared to early April 2013 when bitcoin price was $100. Even at that time when bitcoin price was $100 a lot of people who had the opportunity to invest in bitcoin ignored it because they believe that bitcoin does not worth their $100 or it is too expensive for $100. The amount of a lambo at 2013 compared to this year is not the same.

In the next ten years from now people will be saying that those investors who invest in bitcoin at $70k are lucky to buy bitcoin cheap, in which they also have the opportunity now but they are still saying that bitcoin price is high. You must not buy a whole bitcoin, but you can invest based on the amount of your discretionary income and do that consistently buying with DCA method regularly weekly or monthly, so that you don't see it as a stress on your income. If you can do it consistently and persistently for 4-10 years, I believe that you will have more than 1btc, perhaps it depends on how much that you are using to buy every week that will determine the size of your portfolio.

Your emergency funds is also very important and make sure that you build it up to 3-6 months because that is what will make you continue accumulating without selling since you already have plans for an emergency that arises. Building a reserve funds is important too so that you can have different means of in which you can handle funds related problems or so that your bitcoin portfolio will be increasing as you keep on accumulating. When bitcoin price was around $25+ last year, it was still high to some people. So what I have come to conclude is that no matter what the price of bitcoin is at that moment, some people will still say it is high