Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
SuperBitMan
on 06/08/2024, 13:46:37 UTC
⭐ Merited by JayJuanGee (1)
Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.
The dip is only for people who are prepared for it and not for those who don't bother about it because it comes like a thief in the night when no one is expecting it. It might be that before you will take your paycheck this week, you might not see this current price and that is why a new investor does not need to bother about the dip because it will come and go when you don't expect it.

People who are planning for the dip are those bitcoin investors who have kept their reserve funds for the dip and those investors who are on their regular DCA buying every week or monthly because they are in their early stage in bitcoin and will surely buy bitcoin at different market price.
Yeah you are right, there's no need bothering yourself about the dip if you have no funds kept for buying in the dip, if you pressure yourself to make sure you buy during the dip it may affect your budget for that week or month and may even lead to you dipping hands into your Bitcoin so if you didn't prepare for the dip don't bother yourself in the dip.
Those that prepared for it with already saved funds should go already to purchase, for me I see the dip as an opportunity to accumulate enough Bitcoin.

Those using the DCA strategy should continue the way they have been doing, if anyone wants to increase his or her percentage used in purchasing Bitcoin weekly or monthly during the dip, it should be increased to a level in which it will not affect other aspect of one's daily activities.