Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Mayor of ogba
on 01/07/2024, 09:11:28 UTC
Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.
It is bad to keep waiting for the price of bitcoin to dip before buying. When the price of bitcoin was at 67k, some people were waiting for it to dip. It has dip to 64k, and you are saying that the price will still dip. New investors into bitcoin should not wait to the dip.
Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Stop saying things that are not true about bitcoin before you mislead newbies or new investors into believing we can only get huge profits when we buy the dip. Buying the dip alone doesn't guarantee any investor will get huge profits from his bitcoin investment. Before you can get huge profits from your bitcoin investment, you need to hold your bitcoin for a long time to gain more X in your investment, which will give rise to huge profits when you decide to sell your bitcoin investment. Buying the dip is good because you will accumulate more bitcoin at a low price and also increase your bitcoin holding. But investors who don't have enough money left to buy the dip shouldn't be carried away by it; they should continue accumulating bitcoin with the DCA strategy because it will allow them to accumulate bitcoin both in the bullish and bearish markets.