Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Promocodeudo
on 03/10/2024, 14:14:49 UTC
⭐ Merited by fillippone (1)

In the world of cryptocurrencies, it is very funny that this phenomenon is new in the world, and all the experience that we have in this area is unique and new. And it is cool! It is like we are pioneers. And it turns out that because of this, no one can predict anything in terms of the course of the Bitcoin price. Of course, you can compare attempts to guess the price of Bitcoin with stock trading, but I believe that these markets and their laws are not similar at all. Therefore, everyone buys for their own personal reasons and sells for them.

However, I am not buying Bitcoin now. The title of our topic indicates DIP, and I expect this bottom a little later, and I will buy more Bitcoin then.

Am very happy that you understand that the price of Bitcoin is unpredictable as such it can't be compared with stock trading as you said that's to say that you can't also say the exactly time Bitcoin price will dip and even though it does, we can't also tell if the dip will continue or last for a while, shouldn't that be a good reason for us to apply DCA method to buy Bitcoin at all time since we aren't certain about the price, though we all have our decisions to make without anyone questioning us but if am to suggest, I think there is an established fact that Bitcoin price is unstable meaning that even though we decide not to buy now, the actual price we are waiting for before we can invest or buy more may not come to reality and even though it comes, we might have spent the fund meant for the investment or change our mind towards it, no doubt individuals have their purpose for buying and also sells when they feel like doing so but the fact is that Bitcoin is a long-term asset as such every Bitcoin investor should have such mindset and work towards achieving such goal.

Though is your decision, with your statement I think you are only focusing on the title of this thread but not concentrating on the method that JayJuanGEE has always been emphasized on that we can invest with easily which is DCA method to help us buy conveniently, slowly and constantly at all time irrespective of the price without waiting for the dip season which may not be realistic.