Post
Topic
Board Bitcoin Discussion
Re: Don't Be scared Use this Dip as an opportunity to HODL more.
by
Finestream
on 07/08/2024, 09:30:30 UTC
To my greatest shock, I woke up this morning to see that bitcoin price dip to $52k and I was like damn it where is my reserve funds, and immediately I bought some sats because I am still stacking and need to take advantage of the market price since I am buying in discount.

To new investors and weak hands, this is not the time for panic but a time that bitcoin gives you the opportunity to buy bitcoin in discount because the price is on temporary and will still pump as we are expecting the bull run to kick with price pump soon. Hodli is the only way out to overcome bitcoin price volatility.

Even the old investors were shocked by the sudden decline in the market but It is very annoying and frustrating being in the midst of new investors. Damn! I wake up to see lots of messages that shows how panicking they were. I am not happy seeing the market the way it is now but it's not surprising at all, it is expected.

Investing in crypto is not for the weak mind who can not withstand a little shake in the market. Their fear might be due to either they invest with money they can not afford to lose or they did not plan to invest for a long time. You can only sit and watch or seized the opportunity to increase your portfolio only if you have intention of holding for long.
We already know how volatile bitcoin is, and yet everytime we see like this happening, we still get panic not because we are afraid to lose, but probably because we have this mindset that bitcoin price is always at the peak. However, despite of the current price drop, its undeniable that this comes with a great opportunity, but not everyone may realized this until some wise investors started buying again to increase their future profits when bull run comes.