Quote from: tottong on Today at 01:26:26 AM

Quote from: Mia Chloe on August 05, 2024, 07:46:32 AM

For persons who trade many would check out on charts and be of the opinion that the market is dipping to likely mitigate some fair value gaps and Order blocks left behind from the most recent bull runs.
For alot of persons, including those who are new to bitcoin, panicking is inevitable and if you really want to HODL I think it won't be necessary. Don't let FOMO put you in a position to panick and sell off your coins instead take this dip as an opportunity to HODL more coins by buying from scared HODLERS (be a smart trader lol I mean be a SMART HODLER Grin

) .

When the investment understanding of bitcoin is not good enough to recognize the correction process then someone will panic and that is a common thing that happens, where today bitcoin is corrected at a lower price, maybe in the next two days it will strengthen at a higher price.
The process that occurs in bitcoin is indeed quite difficult to predict so this asset is considered so speculative but if someone understands the journey of bitcoin then corrections and recoveries are something that often happen.

It is better to learn to be a smart HOLDER who takes advantage of opportunities to make purchases when there is a decline and remains calm to hold the bitcoins that have been collected because in fact the market will gradually find recovery.

Older cryptocurrency investors will read this post as a reminder to why they are still HODLING BTC despite the current market situation of which is the dip.
I always believe holders have more to gain by HODLing BTC until it is most favourable to liquidate or diversify this portfolio.

I understand the current trend is for investors to take advantage of a newly launched coin after a pump, just for immediate profit, and this makes me understand that some coins like BTC is better at HODLing for future wealth guarantee rather than for quick profit during pumps.