Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
I_Anime
on 17/11/2024, 21:30:00 UTC
[edited out]
Jay's said it all, those who have to monitor the market to know whether it would drop or rise are likely to be traders who trying to embrace the concept of Bitcoin investment but are still stock with the trading mindset else why would they even be considering if it would rise or not,

Aren't we presuming that with the passage of time that the BTC price is going to continue to rise, yet we cannot necessarily that the BTC spot price is going to rise or fall in the short term, even if we might realize that there is a kind of ongoing and ever-present pressure upon it to go up in price that comes from its ongoing adoption (including that we are in early stages of its adoption too).

Like base on bitcoin previous performance, bitcoin tend to go up more than to go down, what am trying the rate of bitcoin going up is usually higher than the rate of bitcoin going down .

Like during the last bullrun when bitcoin rose to a new ATH which was around $60k , and later on it experience a massive dips and doing that time alot of traders (short-term investors) , endup with massive losses because their mind wasn't set for the future.

And some kept holding till now , and bitcoin as already hitting ATH, and the funny thing some of those holders kept accumulating and now bitcoin around $93k , which may have put those that kept accumulating and holding in good profits and those that sold then , endup with regrets.

So don't be among those that are going to regret missing out again.