Re: Buy the DIP, and HODL!

Finally we are at 100k, a price we were looking for many months. Bitcoin once again achieved another high value, we can't say what lies ahead may be 150k or 200k or may be price goes back to 70k or 50k, everything is possible with Bitcoin. There is no guarantee of bitcoin price.
Those who have gathered enough bitcoins and see adequate profit may see some of there hodlings to enjoy profit before Christmas. Those who have just entered bitcoin must not sell just because price is above 100k and they are getting few bucks in profit.

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.

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.

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one, don't be in a hurry to forget that the market can be uncertain where we have the bull and bear hence, any one coming into Bitcoin investment with the mindset that Bitcoin will only keep going up might feel very disappointed whenever Bitcoin is having a downward trend. Secondly, a new investor shouldn't be talking about profit margin when he or she should be focusing more on buying Bitcoin because he or is she is still very early in the accumulation stage, and on the other hand, profitablity in Bitcoin investment is directly proportional to the the size of your Bitcoin investment and how long you where able to hold.

In the current market, buying for new investors may not be aggressive as the price trend is upward, but it is important to ensure proper use of money so as not to necessarily add discretionary money to the buy of Bitcoin. Investment is not in line with the conviction of rushing and to do this requires analysis of the environment. From the perspective that the market situation may be uncertain, you can first start with small savings within your tolerance and gradually increase the investment considering time and price. Another common tendency for new investors is to be very impatient and greedy for getting high profits in a short period of time which does not allow it to be long-term. Every investor should be more patient from the expectation that investing in Bitcoin is only profitable so that it is tempting to save for the long term.

Anyone new to Bitcoin investing need to start buying Bitcoin which is primarily the very first step, and the price points is what shouldn't be given attention before buying one of the reasons why the dca strategy of accumulating Bitcoin dominates most of the thread because it allows investors to make investment decisions without any pressure from the market conditions, there is nothing absolutely wrong being aggressive in your investment without overly doing it, it should be within your level of discretional income irrespective of the market conditions.

Of course. Income-based investing is the basis for adopting the time and DCA strategy. You should formulate an aggressive buying strategy based on your sufficient income source, otherwise you may fall behind long before reaching the point. This is another name for complete and financial freedom through which investors can accumulate (BTC) holdings of any size within their means. That is why I am more confident in the DCA strategy and through it the sky-high dream is achievable.