Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Richbased
on 23/11/2024, 15:52:44 UTC
I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

You don't need to have elaborate knowledge about bitcoin before you start investing, Perhaps, since you said you have plans to invest in bitcoin in the future simply means that you are still not yet ready to invest and this is why we talk about people who do procrastinate about time they want to start investing which often lead them to either becoming a nocoiner or a low coiner. If you have a reliable source of income, there is no need to feel the price is too high now because even as we are expecting the price of bitcoin to fall after this bullish trends, you never can tell because things that will cause the price to skyrocket further may come up in that future you are waiting for whereby instead of us to experience a DIP, the price starts increasing more than the price you could have bought with now.

However, it is up to you to decide whether to invest now or wait for the future you want to, which you don't know how long because it can take the price even some years before it becomes bearish and by that time, you might have used up the money you wanted to use and invest in other things. Do not be pressured to invest, make sure you have put in place every necessary measures that will help you while making investment in bitcoin and also do your research very well to figure out if investing now will be better than waiting for the DIP before buying. Good luck to you