Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Tmoonz
on 07/12/2024, 06:29:08 UTC
⭐ Merited by JayJuanGee (1)
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,
It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.
Considering the current market price can help investors to make a good decision, that will bring good profit to them in the future, hope you know that, this is decentralized investment which anything can happen at anytime for people to change their decision toward the situation in the market. Investors should know that buying BTC in the bear run give people more opportunity to earn massive profits from the market, when the bull run occur in the market, you can see the majority of investors that are happy in this current price that hit $102k few days ago, and those are the investors that took their decision to buy BTC when the price was low some years ago before they decided to trade them in this bull season.

You can buy BTC all the time when you are financially buoyant, don't forget that all investors are not equal in this industry, and it will be favourable to buy BTC in the bear run because there is a chance for investors to boost their profits in the bull season

Prioritizing buying Bitcoin during the bear run and considering profits in the bull sounds more like some worth way of trading for short term profit maximization and this can be misleading to newbies who are meant to make investment decisions in Bitcoin without considering the market conditions.