Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Felicity_Tide
on 17/12/2024, 09:44:04 UTC
⭐ Merited by JayJuanGee (1)
If you notice, we can definitely reach the highest level of Bitcoin price, the most important time will be spent if the holding is long-term. However, when the price of Bitcoin reaches one million dollars, it will definitely be possible to accumulate 0.5 million or half of a Bitcoin using the DCA method. If we hold Bitcoin by following the DCA method regularly, then we will definitely be able to realize the next bull market.
I find your statement a little bit problematic.  If you don't accumulate bitcoin now it's within the $100k and 1/10 of the speculated $1m, then will It be when bitcoinhas finally arrived at $1m that you will DCA half of $1m being $0.5m? Correct me if am wrong. But if I am correct about what you mean then your investment approach is not a wise one.  You should invest more now than waiting for bitcoin $1m because now is the right time to invest.  At least you mitigate the opportunity and accumulate more because when bitcoin hit $1m it will be even harder to buy a tangible amount of bitcoin because as it continue getting higher, the possibility of buying Satoshi in fractions increases or becomes high.

I think you misunderstood him even though his statement sounds logical but a bit problematic like you stated. From what he said, he seems to believe that if someone invest in Bitcoin for long term, and Bitcoin happens to hit $1 million, there is a chance that the person must have accumulated half of its value at the point, which is $0.5M.

That's sounds incorrect IMO as far as this thread is concerned, but might be possible if the investor has that crazy purchasing power and can be consistent. I think we have to look at something here, and that's how powerful our accumulation can be in that long term. If we're to stick with what has been said, then it means even someone with a $40-50 investment can also hit half a million in profits when Bitcoin eventually turns $1M, which isn't true in every sense.

But, on a contrary, there might be some possibility to what has been said, but as far as this thread is concerned, it's very impossible. The people trying to learn something under this thread aren't has tough as Microstrategy in terms of personal purchasing power. we have new investors joining this thread, so bringing up such statement is misleading.

I might be wrong though, but that's what I think.