Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Glen Hoddle
on 12/08/2024, 05:22:34 UTC
⭐ Merited by JayJuanGee (1)
🤔
I have some questions.

Why is Bitcoin going through mini-crashes, then they're followed by mini-surges? Who's selling large amounts of coins below $60,000, and who buys them back/places price back over $60,000?

Will the market actually give everyone another opportunity to see Bitcoin go below its 200-Weekly SMA again? The last time proved to be a very good buying opportunity.


Furthermore, it seems pretty short-sighted to be selling at these prices or the sub $60ks that you mentioned, yet we know that prices move because people have differing opinions about fair market prices, and some people end up being wrong in their assessment, views and actions, yet in most cases, we don't know who was wrong until later down the road... all of us hope that we are on the correct side, especially if we have put money on our views, and failing to buy bitcoin might well also be one of those where folks have put money (even if they think that they haven't.. when the price goes up, those kinds of dollar worshipers frequently wished that they had some BTC, so they could sell it.. for higher than they paid for it...  hahahahaha).


What i feel about this is that i think there are some groups making profit off the selling and buying points can't be an individual actually but the major reverse stays on 69K+ (i might be wrong on this but  this is what i'm thinking because it more obvious that there's something going on at that region.... Nothing more for me actually the Dip has always been an opportunity and there're millions with same mind set even though the minors might be trapped with FUD(since the sell is on the wrong hands) but that does not really matter Smiley more people will keep buying the Dip.

You are generally speaking in the wrong context, because all the discussions here are about buying hold and dips in the Bitcoin DCA method and how to hold Bitcoin for a long time. Perhaps you are standing against the perspective of the current dip, when an investor holds bitcoins with a dip and DCA method, but your discussion will scare many newbies. So no one should be surprised and never block the spirit of this thread, so you talk about discussions that will be useful to every bitcoin holder.