Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
boty
on 05/07/2024, 02:42:08 UTC
A change in the title doesn’t affect the discussion alright but, it could be miss leading as a few users including myself often looks for this thread in order to keep up with the discussion as close as we could and participate just as much and should it come by a different title, having to find an adjust would pose a different challenge.

I was greatly surprised on the direction Bitcoin took as at yesterday and even more so today when I looked at the charts. Just on Tuesday, it showed a bullish formation on the rise and as at today, it’s dipped even below $58k and now at $67k. This kind of breaks the hearts of those whom might have been expecting a price appreciation, waiting to take profit but,
For someone who have got a long term plan on investment and looking to buy, the red candles is a go green.

I think this calls for a rethink for short term investors to look towards a more distant long term plan and pitch their tent.
I don't think anyone who has been a dedicated follower of this thread is actually concerned about the bearish market condition. Infact it is a perfect time to execute one of the buying strategies that's often discussed in this thread. Looks at the name of this thread and relate it to the current market condition and you will understand that we have been equipped for moment like this. We don't care about those people that their heart is broken right now, according to what you said above. It is not our problem. We shouldn't focus more on other people's problem. Our major concern should be making the most out of this opportunity that present itself, because opportunities like this don't come very often.
I agree with what you say, those who have been following this thread for a long time certainly understand the current conditions very well and implementing the current purchasing strategy will certainly be very good, but before we can take advantage of the current opportunity, of course we must first prepare funds that can used to take advantage of situations like this because as you said is very true it is very rare that we can have this opportunity and if we just pass it by and can't buy it of course this will be very sad when we see the price has increased again and we haven't collected it.