Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Moreno233
on 29/08/2024, 12:03:55 UTC
I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.
There is yet no guarantee towards your believe hence Prioritizing  it can become very problematic if things didn't work out as expected, it is better we focus more on prioritizing sizing every opportunities that present itself if the money is readily available for investment, in as much as buying the dip offers buying more Bitcoin at a lesser amount of money compared with buying at it previous high, my point is that it is also possible that Bitcoin might not dip to your speculation by going higher. The truth is that you don't have to be expecting too much as the market can be very uncertain.
Just make sure we are ready with anything will happen to the market. Meanwhile, the price now still trying to reach the high price after the dip. So if you want to buy now, it is not too late or you can wait for more to see the low price.
The speed with which price rejected that low is a sign that there is no willingness to continue beyond that point so waiting for what happen now may not be the best decision if you ask me. Anyone that want to buy Bitcoin at lower prices have this period to do that because there is a great possibility that from next month price will recover massively towards the ATH. This is base on past records as I can still remember that price left the long consolidation of last year around September. Other years have also seen minor gains recorded around the same time so if price start reacting positively from September, we will see stronger positive moves as the year draw to an end.

It is difficult to buy in every dip because we don't know when that will happen. So using DCA will be better for you because you buy Bitcoin by routine and use the same money as previously. Although you don't get the same Bitcoin, that will be no problem as you will accumulate more Bitcoin.
This is one of the challenge with buying the dip because it is very difficult to buy every dip. Sometimes the investor may even be confused as per what dip should be only he would have figured out what he will regard as dip to place buy orders. But whatever be the case, as long as the investment is aimed at long term, any entry at a retracement is a good one.