Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 30/06/2024, 21:28:48 UTC
The reality here is that for a while Bitcoin started to sound like a broken record. Huge investor inflows into ETFs could drive up Bitcoin's price. Again, although the flow of ETF-investors has cooled somewhat, the momentum of capital in cryptocurrencies is considered to be increasing. But don't worry, we've seen this story before with Bitcoin. And experienced cryptocurrency investors know this has happened to Bitcoin before Again the price of Bitcoin is not going up, even if it plays an indirect role for ETFs, the main reason is that you have retail and top buyers investors like me who are not institutional investors, you will notice that retail investors are increasing their holdings in Bitcoin. As time goes by we can expect more institutional investors to start buying crypto.
How can you refer to bitcoin as a broken record? As far as I am concerned, bitcoin is the best innovation that has happened to mankind recently, and we should be happy we are in this era. I think there is no need for you to panic about bitcoin prices not being high now; instead, use this opportunity if you have enough discretionary funds to accumulate more bitcoin at a low price. If you have been following bitcoin for a long time now, you will know nobody can force or accurately predict the price of bitcoin. Bitcoin set a new all-time high before the approval of the ETFs, which nobody expected to happen. Bitcoin will get back to its bullish state when the time is right.