Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Rabata
on 10/08/2024, 07:47:54 UTC
Those that wait for a dip to happen first before they can invest really don't understand how Bitcoin works and maybe didn't get a good education about Bitcoin and how the investment works, why wait for a dip that may never happen, I know of someone that always wait for a dip to happen first before he buys Bitcoin right now as I'm speaking to you he has not gotten anywhere in his Bitcoin accumulation.
Whenever I see people saying they are waiting for a dip before they invest, then I do think those people don’t really have the mindset to invest in bitcoin, they just say it, and no matter how bitcoin dumps, some of them won’t still be investing in bitcoin, they will always keep on waiting for more crashes before they invest. If you really want to invest in bitcoin, the best strategy is DCA. You don’t have to wait till the bitcoin price dumps before you invest, but when there is a crash in the market and you have more money with you, you can just make use of the opportunity to accumulate more.
 
The bitcoin price is not so high that you will have to wait for a crash before you invest. Don’t be surprised that when you expect a crash in the market, that’s when the market will start pumping.

Yes, if someone is too worried about the market crash before investing in Bitcoin then he should realize that he is getting greedy before investing which he shouldn't. There are many people who wait without buying bitcoins and some others cannot buy bitcoins. Bitcoin is sometimes bullish during the period when investors wait for higher returns and the price goes up and those investors are disappointed. If you decide to buy bitcoins then don't wait and start buying now.

In this situation if DCA can be done then on one hand it is possible to reduce the price difference and on the other hand investors can buy bitcoins and increase its amount which is beneficial to the investors from both sides. Instead of focusing on the price of Bitcoin, the investor should focus on accumulation. Emotional areas should be controlled with firmness. If you avoid selling Bitcoin due to small profit or fear of price crash, it is definitely possible to hold Bitcoin investment for a long time.