Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Abbatty
on 06/12/2024, 08:09:35 UTC
The most exciting news is that the price of Bitcoin has now reached $100k. I have been expecting the day when I would be able to see the price of Bitcoin reach $100k since I have been hearing from people who are familiar with Bitcoin for a long time that it has reached $100k before. To be honest, with the huge change in the price of Bitcoin, this is fantastic news for long-time investors as well as those who bought more recently. Furthermore, only those who are unfamiliar with Bitcoin may sell off part of their holdings for the festive season or those who have been buying Bitcoin for the previous three years, it is not advisable for those who have not been accumulating Bitcoin for a year to sell any part of their holdings for the holiday season.
Bitcoin's surging past $100k is exciting, We shouldn't sell now regardless of our investment experience. Instead, consider buying more with a long term holding strategy, as the bull run's potential is still unfolding.

But this is only the beginning for Bitcoin, a bull run has been expected for the previous several months, but it is taking place at the end of the year. So those who haven't bought yet should do so immediately to continue building up, because Bitcoin could hit $150k by 2025, the earlier, the more profitable.
You seem to be focused on short-term gains. For new investors, it's essential to avoid investing based on FOMO (fear of missing out). Instead, invest for the long period and focus on holding, rather than seeking quick profits.