Post
Topic
Board Speculation
Re: Road to 100k?
by
cryptoWODL
on 01/09/2024, 10:27:21 UTC
Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might  end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.
Why should we wait for the dumping season before buying bitcoins we should use the opportunity to buy bitcoins when we get the opportunity. There are also many investors who wait for every dip season to buy Bitcoin, only to find that Bitcoin rebounds from the price at which they neglected to buy Bitcoin, i.e. the market is bullish instead of deep. As a result, the opportunity they were waiting for does not come in front of them for which they fail to buy bitcoins.

So we have to buy bitcoins in any market situation with a strong investment mindset so that we can enjoy the benefits of every market moment. If we wait for the market dumping then we might regret it if it doesn't happen so it will pay off for us to invest regularly.