Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Miles2006
on 29/09/2024, 21:22:29 UTC

There's a saying: "If there's a will, there's a way; if not, there are many excuses." Ever heard of that?

The thing is, if you see an opportunity to invest, you’ll find a way to make it happen. And did you know that when the market is down, that's actually the best time to accumulate? They say that during a bear market, the weak hands will panic. Are we weak hands? Definitely not...

It is true that the best time to accumulate Bitcoin is when the market is dip because it gives an investor more opportunities of accumulating enough Bitcoin, but for Bitcoin proper investment we should not only rely on the market dip before accumulating Bitcoin
When Bitcoin dips in the market, it will be seen as an opportunity for some. But if one waits only for that dip he may not find that dip. Investors need to remember that it doesn't matter if Bitcoin dips or not if the intention is right. Those who want to increase their Bitcoin accumulation will definitely be able to increase their Bitcoin accumulation in the long run if they keep accumulating Bitcoins regularly. Investors should keep in mind that many investors have failed to deposit their bitcoins just by waiting for the dip. Since you never know when bitcoin will go up and when it will be bullish, the best strategy is to accumulate bitcoins not dips.

Honestly, as investors, we should not always focus on getting Bitcoin at a dip price by all means, because by doing that, it is possible that someone may never get that dip when they need it. This means they may have to wait for years, which is possible even during a bear market, as the price of Bitcoin may not drop to the level they want to buy at. The best approach for investors is to always see any Bitcoin price as an opportunity to accumulate more. In fact, using the DCA (Dollar Cost Averaging) method to accumulate Bitcoin at different price levels is a smart strategy. As long as someone has a plan to hold Bitcoin for a long period, they shouldn't worry about waiting for the dip. Long-term holding often results in reasonable Bitcoin profits.
Bitcoin investing requires consistency and regular buy so when people centralize their thought on buying the dip only doesn’t sound okay. Buying bitcoin dip is okay but we don’t know when the dip will come and what will happen to our financial status during the period, holding fiat just because of bitcoin dip is only reducing one chance of benefiting since fiat don’t have much value compared to bitcoin. I love the dca strategy because it can be used during the dip at any time gradually accumulating bitcoin till when there’s enough to buy dip, As mentioned before bitcoin investment requires long term planning for better portfolio.