Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Moreno233
on 15/07/2024, 16:47:09 UTC
⭐ Merited by JayJuanGee (1)
From mere observation, we might be seeing a lot of these kind of slight correction and then another bouncing back which we eventually lead us to witness an obvious bull. But eve if it doesn't get too bullish, I still don't see any reason why I should sell off my holding. If there is one thing I'm certain it is that all the prices we've been buying Bitcoin be it at $40k, $50k, $60k, $70k or even when we will eventually buy at $90k will still be all DIP prices as long as we're able to keep HODling it. Owning Bitcoin is an interplay of two advantages. Having it is a gift because you're holding one of the most precious asset and obviously the most precious digital asset and then the prospect it has is still awesome.
That is how the designed which is a representation of human interaction in terms of buying and selling in such a way that when there are more buyers, markets goes high and when there are more sellers, the market will retrace; simple demand and supply. Understanding the vibration of the market in this regards will help a lot in decision making.

When I started, I always feel very terrible when the market is retracing and I will be glued to the chart waiting for when it will reverse. It was after some time I realized that such retracement is normal and a way the market moves. Things that also helped me was the fact that I was not looking at selling anytime soon, this made me realize that it was a waste of time and energy watching the price all day and being curious to see  profits in my assets.

My mindset now is that the dip is where entries are made, an opportunity to buy more and not a time to panic. Even though I've got other methods of buying now, I still like making some buys when I see significant retracement, this way I leverage on the lower prices to secure good quantity of Bitcoin.