Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
sotelorene
on 17/06/2024, 19:51:18 UTC
[edited out]
You are making sense, Dips are inevitable in the market and some investors are not ready to invest when the price of Bitcoin is stable, for example how we know the stability price of Bitcoin to range between $70k and above, so a few investors might actually want to see the price go below before they invest but from another view it is not always efficient most especially when the Dip the investor have in mind is far more below the stable price, he may keep on waiting for a longer time untill the price begin to surge further instead of declining to his expectations and will be left with no other option than to buy higher than expected.

We might be going through consolidation for nearly 4 months, but I doubt that "stable" is any kind of an accurate way of describing BTC prices or BTC price dynamics.
saying Bitcoin is stable could be kinda misleading and may not be the right choice of word to best describe Bitcoin prices or even a consolidation period because bitcoin is originally known for its volatility and its rapid price fluctuations.

When talk about Consolidation in the bitcoin market, it simply implies a period of time when the bitcoin price range are relatively narrow, but this is far from stability, it's more like a recuperation period or a pause in Bitcoin price to prepare the market for the next significant movement in bitcoin price.
The stability or instability of bitcoin are less concern to me as long as you are for the long-term. Investors like myself don't care about the bitcoin price stability,  rather what matters the most is believing in bitcoin potentials and growth. The main focus is on accumulating and holding for thelong-term rather than worrying about price stability. Due to its volatile in nature bitcoin can not be stable bitcoin price always fluctuate but it's long-term trends has been consistently upwards. Bitcoin's history of resilience and appreciation in value overtime provides confidence for investors, so keep your eyes on the value bitcoin provides in the long run and let the instability take care of themselves.  

For long-term investors, Bitcoin price volatility has no effect on them. Because, no matter how volatile the price of Bitcoin is, its value is going up. While the price of Bitcoin may fluctuate temporarily, you are more likely to make a profit if you invest for the long term. In this case you can invest in DCA method. By investing in the DCA method, you will purchase Bitcoins at several prices. The average price of which will help you profit.



Perfectly said, as long as Bitcoin investment is concerned I think the best way to go about it is by investing a reasonable amount for long term and while investing for long term always ensure to have other source of income or emergency funds so that you don't disturb your investment. The stability of Bitcoin shouldn't be a problem or something to worry about cause Bitcoin is volatile in nature and I think everyone should focus more on accumulating Bitcoin and hold it. However, I feel targeting for the price of Bitcoin to dip or drop before investing is like a waste of time reason because sometimes the price will skyrocket from it stable point, just imagine those people that was waiting for Bitcoin to dip earlier this year before they invest, i believe they are regretting by now, i will urge everyone to start accumulating and holding so that we won't regret later.