Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tamaperdana
on 24/11/2024, 13:46:06 UTC
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.
This is why the DCA technique is very appropriate to use when investing or raising money in bitcoin. The reason is that in each cycle, bitcoin will continue to experience price increases that exceed the price in the previous cycle. So if someone says that buying Bitcoin must wait until the price drops first, I think this is an incorrect assumption. Because if you have studied the bitcoin cycle well, I think buying bitcoin at any time will not be a problem. Because the price of bitcoin will continue to rise even though there will definitely be a correction first. So if already know this, I think people who are going to invest in bitcoin will no longer have any doubts about buying it.