Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 17/12/2024, 15:17:08 UTC
Those who have literally did the title, you we're all legends.  Cool
And, that was epic.  Wink
Again I say, $87k.$97k
Congratulations folks.
Congratulations, we've hit $107,500 today.
Soon, we'll be having the M instead of the K. Let's go to $1M per BTC.  Grin
Keep HODLING legends.  Cool

Some people already have converted to talking about bitcoin in terms of millions, so we could say today we reached a high of $0.107821 million per BTC.

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.
It is not that As-Soon-As is not accumulating bitcoin right now; he is just assuming that if bitcoin hits $1,000,000 in price one day, we can still accumulate half of bitcoin using the DCA strategy. I think As-Soon-As is right. Even though bitcoin hits $1,000,000 in the future, there will be some investors who can still accumulate half of bitcoin using the DCA strategy if their target is to accumulate half of bitcoin, but it will take them a long time and patience before they can be able to accumulate half of bitcoin with the DCA strategy when bitcoin gets to $1,000,000.