Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
EclipseXcrypto
on 09/07/2024, 14:20:23 UTC
✨ Billionaire Pantera CEO Dan Morehead ignoring the FUD and buying #Bitcoin   , exactly 11 years ago. here

He bought 30,000 BTC for $65, and is up 80,000% – all because he bought the dip 👏

https://www.talkimg.com/images/2024/07/09/ojn3l.png




Dan Morehead bought Bitcoin 11 years ago, it's really mysterious and currently reaps huge benefits. Here you will know how profitable deep buying is and the importance of long term holding. So this opportunity is there to invest and hold for long term.

Sure it really feels good to buy Bitcoin at a DIP but when do we know that a DIP is enough to start buying? We have been experiencing DIP for sometime now and there are still people waiting for it to DIP more before they Buy which it may not go DIPPER than $52k which means expecting more DIP may not be achievable but instead Buying at the current price now can still be considered a DIP price in the next 10 years when the price must have climbed to a very high price
Buying bitcoin during DIP doesn't necessarily mean that you purchase a whole Bitcoin. If you want to buy during DIPs and the funds is not enough  to purchase a whole Bitcoin you can buy with funds avaliable.  Let's take for instance I have $1,000 available to buy during DIPs and the price of Bitcoin is $30,000, with calculation of $1,000 to $30,000 will give 0.0333 worth of  bitcoin, and when price bitcoin starts going up to let's say $40,000 your purchase increases by 0.0333 × $40,000 will be $1,332. If an investor planned for a dip and it occurs there is no need to wait for price to continue declining to a desired level which might not happen, take advantage of that moment with funds available, with a long term perspective the benefits will yield.