Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Abbatty
on 24/11/2024, 09:11:17 UTC
⭐ Merited by JayJuanGee (1) ,Adams0001 (1)
Snip

You talk as if you are a bitcoin analyst and you are so sure about your predictions, there will surely be a little dip but the chances of your prediction to happen without reaching $100k in a few days or weeks is very low. As a fellow Bitcoin enthusiast, I'd advise enjoying the current bullish trend. We're nearing $100k, and considering the rapid progress, it's likely we'll surpass this milestone very soon. Let's not spoil the excitement with negative predictions, which might cause unnecessary panic among new investors... Rather than focusing on potential dips, let's appreciate the bullish ride and the opportunities it brings. After a long bear market, it's time for investors to reap the rewards.

When it comes to bitcoin, investors don't need to reap rewards by selling their BTC as you seem to be implying, although they could reap rewards by appreciating that their wealth has gone up and likely to continue to go up by their choice to ongoingly hold the bitcoin they already accumulated..
The goal is to hold for a long period and keep accumulating more so i wasn’t implying that people reap rewards by selling their bitcoins but rather seeing the price of bitcoin going higher in such way is also a reward for investors as it will help motivate us more to keep hodling to witness a even higher price. Selling will only make you to lose out and buying back might be a little difficult as the price keeps rising because bitcoin is a continuous train that is moving for a long time so selling is not an option.

Agree with you and @JayJuanGee.

If we look at the past of Bitcoin, we can see that even though the price of Bitcoin has been going down, it has been going up again. It has crossed its highest limit again and again in a few years. 

I personally think that even if the price of Bitcoin goes down, it will return to its previous place in a few months.
If you had realized something like this earlier or in the previous few years, I think you could have become the next rich person through Bitcoin investment because in this year alone Bitcoin has been able to print two ATHs and has almost touched the price of $100K this month. So that at least can give a pretty clear picture that Bitcoin is an asset that there is no need to hesitate to hold after buying at any price. And now you can still buy Bitcoin even though the price itself has increased and is quite different from previous months.
A lot of people failed to realize this if not by now we would have more rich people around us but Better late than never some realized earlier and invested while there are still people yet to realize. it doesn’t really matter when you realize what you missed out on because it’s not too late to invest and join. Bitcoin might have achieved some milestone this year but no one knows what he will achieve in coming years although the sooner you realize and invest in it the better.