Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 31/07/2024, 04:54:03 UTC

Is it truly now possible that we won't be seeing any large DIPs anymore after Trump's announcement of a Strategic Bitcoin Reserve? Because why would individuals and institutions sell their Bitcoin with the knowledge that there's a probable race between nations in Bitcoin accumulation. One nation like China WON'T allow itself to be behind the United States in participating in this technological marvel. Russia, because of Bitcoin's properties and in their current situation, will need to buy it as well, and better buy it while it's in five digits.

Perhaps the "Bitcoin Race" will start on 2025, no? There's no need to wait to buy the DIP anymore if that's true. It's DCA and front-run everyone!

Oh gawd Wind_FURY.  You are outrageous sometimes.

This sounds like your previous prediction (wasn't that in around early 2021? or did you say that in late 2021?) that bitcoin would never go below $50k again, and how did that play out?

it does not really matter too much whether you said that in early 2021 or in late 2021 because that kind of a statement was a bit too much, and not merely because you ended up being wrong, but because the contents of the statement was putting too much confidence in one BTC price direction and expressing yourself in absolutes... Yes, I know that you cannot help yourself, but still could you at least try a bit MOAR harder? Just for funzies?   Cheesy Cheesy Cheesy Cheesy


I'm merely speaking in hypotheticals, ser. Because if Trump indeed creates a Bitcoin Strategic Fund, and considering the actual nature of Bitcoin - attributed to its design, do you actually believe that Russia and China will simply ignore that? Has Bitcoin no technical merit to become something much larger in the coming decade?

I don't know, but if Trump wins, and his Bitcoin Strategic Reserve actually causes other regions in the world to follow the United States in purchasing Bitcoin, it will not matter what I said in the past.