Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Futurexxx
on 31/07/2024, 16:36:39 UTC
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
Well, the market is unpredictable right from the beginning but if anything can influence the price of Bitcoin it really means that now is the perfect time to keep on accumulating Bitcoin aggressively because from this current price range, accumulating up to 0.01BTC (or more) right now would not be bad (depending on the investor actually). So that ones Bitcoin skyrocket to $150,000k there will be a lot of profits on our portfolio.
However, it would be better if an investor take the advantage of the DIP, no matter how how much Bitcoin DIPs it's important to see that as an advantage to buy more, because no body knows if the next bear will be another ATH. There is no much risk on Bitcoin investment, the only thing I see as a small risk is just the fluctuations of the price, but I have believed that in as much as Bitcoin is concern, no matter how the price is low it will definitely increase again.
Yes, price fluctuation is the nature of Bitcoin, Bitcoin has been a highly volatile coin since its inception. A look at Bitcoin's history shows how volatile it is, but no matter how much it fluctuates, from time to time Bitcoin shows a pump and breaks all-time highs. So fear not, no matter how much it dumps, in time it will definitely cross 120K with one pump. And at that time, those who panicked and sold holds during the dump will regret it. So believe in Bitcoin, and no matter how much the price goes down, you just keep buying and holding. Holding Bitcoin is risk free, and selling on fear is high risk. So hold without fear, there is no risk in holding, rather it will give you more profit.
Yes I totally agree with your opinion, Bitcoin is absolutely risk free in terms of holding. Because a few days ago Bitcoin did a dumping, many people may have sold their holding because they thought it was a high risk. But those who held and still bought,  they already got them back and because they invested more during that dumping, they got more returns. In that case it is understood that for them it was not a risk but it was an opportunity. Because Bitcoin has already recovered, and this happens all the time, we can definitely profit from Bitcoin if we can fully believe that no matter how much Bitcoin is dumping it will be pumping. Because Bitcoin has come this far today. And its current price is above 66K. Hopefully it will cross 70K again very soon.

What you said is not that bad, but I totally disagree with what you said, which is Bitcoin is absolutely risk free, which in my own opinion it's misleading, especially to someone new or a total novice, I know that due to the potential of Bitcoin, most times people forget their self and get carried away just as you are doing now, but I want you to take note to the fact that Bitcoin investment is as risky as every other investment out there, so don't think that once you invest in it, you are 100% sure that you will be successful.