Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Bravut
on 17/07/2024, 17:34:53 UTC
⭐ Merited by JayJuanGee (1)

As you can see, Bitcoin goes to a new all-time-high every 4 years:

2012: Bitcoin goes from $12 to $1000 = ~9,000% increase
2016: Bitcoin goes from $650 to $19K = ~3,000% increase
2020: Bitcoin goes from $8K to $69K = ~1,200% increase
2024: ?

Notice how, in every consecutive cycle, the #Bitcoin    returns get smaller by about ~60%.

That would imply a 450% price increase this cycle, putting Bitcoin at ~$330,000 per coin.
while it's not improper to be bullish with your investment and to make comparison between past and current Bitcoin circle, I feel you're rather being too ideal and less realistic as though Bitcoin prices are predetermined or as if they are manipulated and that we
 are 100% certain to witness similar or same figures for all the circles. From what's obviously playing out at the moment, I can't agree with you that we might be seeing as much as $330k just this year. We've obviously seen a gradual but consistent bull run even before the halving up to a $73k value and surely hope that it goes to $100k in no time but that's never a reason to talk about numbers as though it's just all about calling numbers without paying attention to the details that makes those numbers realistic.

Accumilating with the DCA method is what helps you not to be too fixed on numbers and become too expectant that Bitcoin will all of a sudden fly from $65k to $330k which is almost 5x it cute value.


An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market. So it is proven that once an investor invests and if he buys DCA method or regular dip then he will definitely get success. And this figure proves the success of investors.
I don't know why I find this statement a bit manipulative and I feel it might presurise an average investor that comes across it to believe that investing in Bitcoin is an ideal process where you just keep your money and leave it for a number of years and bum, it goes all high to the sky.


I agree with you Mate,  every price movement made today is different from the other made yesterday or in previous cycles, as I would always say past price movement in previous cycles doesn't guaranteed same in future cycles it should only be a means for insight and not total dependence on it.
Bitcoin Market is an independent market free from Manipulation of any kind, as I said before it we haven't created a new ATH it's impossible to reach $100k.
We should be realistic also about our Targets and not let expectations or too much optimism blindfold us, because when what we expect doesn't happen we regret, panic and fret we should learn to accept the market, invest on the ground of neutrality understanding that Bitcoin can fall to $0 even if it doesn't fall but know that the Market is made up of uncertainties.

Quite funny, how we assume if we buy in Dip price that we gonna end in Huge profit when our profit is relative to invested amount, as well as stash of Bitcoin accumulated.
We shouldn't share misleading information about Bitcoin investment which instill "False Promises" to Beginners about Bitcoin investment.