Ninjastic
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Board Speculation
Re: Buy the DIP, and HODL!
by
sotelorene
on 30/07/2024, 08:35:57 UTC
Quote from: Lidger on Today at 05:05:37 AM
Quote from: Y3shot on July 29, 2024, 09:20:20 PM
Quote from: Ricardo11 on July 29, 2024, 01:31:49 PM
At the moment Bitcoin is worth $69,931.59, we are about to break 70K again. I'm very bullish on Bitcoin right now, I tried holding as much as I could when it was under 60K. I tried to grow my investment portfolio with my maximum. Anyway now that I have a decent portfolio, and I'm continuing my investment in DCA, And i will continue until I reach my goal. anyway I think Bitcoin will cross 70K in some time. And I reckon we'll see a bull very soon.
When the price of bitcoin was dropping down many people thought that was the end of the bull market and the price of bitcoin is no more going to rise. I know some investors that do not understand the market well might have sold their bitcoin due to fear of losing out but the price of bitcoin is up again.  We haven't even entered the bull market properly because the price of bitcoin will surely increase more than what it is right now. If the price of bitcoin falls it does mean we are going into the bear the market,  the drop in price should be an opportunity for investors to buy more bitcoin and not to be in panic to sell bitcoin because of fear of losing out.
It can never be assumed that once the value of Bitcoin falls, the value of Bitcoin will not rise from there. We all have enough knowledge about the Bitcoin market and we have been knowing about the Bitcoin market for quite some time so we only need to have a tendency to take risks. What we are always nervous about is that we don't trust to invest when the price goes up because then we might think that the market has gone up a lot and the market will dump a lot again from that uptick. Again when the market does a lot of dumping then we think that maybe the market has collapsed and the market will only go down from this situation periodically. We miss many investment opportunities because of these two ideas. But to prove ourselves as an investor, we must accept all these risks and invest. If we always hold back due to the fear of loss then the right time to invest will never come to us. We have to time our investment at the right time only then we will be successful in investing


You are absolutely correct, falling down of Bitcoin doesn't mean it won't rise or skyrocket again and most newbie is still finding  this  difficult to comprehend but it's high time we make them know that Bitcoin is a very nice investment and one of the thing that best defined it is the up and down trend it always take and this up and down is what trader use to make their profit but that's not why we are here rather we are here to buy and hold for a long period of time so that, by the time Bitcoin will take a bull run we will all have smile on our faces. But dude you sound like someone that is talking about trading because in Bitcoin investment there's little or no risk and again in Bitcoin investment there's nothing like loss unless you are trading which is not why we are here and i can't advise someone to trade but rather I can suggest that one should invest in Bitcoin because it's the safest investment in the crypto world.