Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SOKO-DEKE
on 08/08/2024, 17:14:28 UTC

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Honestly, the Bitcoin market has given much opportunity to so many people who want to continue accumulating Bitcoin. However, I would not fully say that those waiting for a dip have started accumulating, except for those who are not too selfish and want more of a dip. Some people are still waiting for a further drop, even as the Bitcoin price recently dropped to $50k.

There is one problem with waiting for a dip: even if the price drops, your mind may still tell you to wait for an even lower dip. I know some people who have been waiting for a dip since they saw Bitcoin price at $40k a few months back, and they still haven't bought any.

I just wish they had been using the DCA strategy; they would have some amount of Bitcoin in their wallets by now. As for me, I don't really abide by the waiting method because it can cause someone to miss the opportunity of buying more forever, as Bitcoin is not something anyone can predict.