Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Renampun
on 31/05/2024, 23:25:24 UTC
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.
Now we can see that the price of Bitcoin is in a very good position and the current state of Bitcoin price is near the peak price of Bitcoin. The price of Bitcoin was at its peak when it was regularly dropping between $15k to $20k and many people discussed at that time that buying Bitcoin during this peak price would not be the right decision for them. Today you see the value of Bitcoin has almost doubled from there. Now if Bitcoin goes up another factor or two from the position we think is the highest point in the price of Bitcoin, we will regret it because we missed the opportunity that we had. If we are thinking of investing in long term plan then we can invest during any price of the market and invest and hold it in long term plan. There are many investors who regularly invest in Bitcoins by investing during the lowest price and investing during the highest price thereby increasing their chances of profit.

bitcoin has reached ATH just a few weeks ago and it is very likely that the price of bitcoin will fall to its lowest level in the last few months (the time cannot be confirmed when), therefore buying bitcoin with the DCA method and buying bitcoin consistently when a bear occurs is a strategy which is good, many people regret that they didn't buy bitcoin when the price was only around $20k, bitcoin will continue to fluctuate and that has become the nature of bitcoin.