Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Kemarit
on 19/12/2024, 22:30:14 UTC
⭐ Merited by JayJuanGee (1)
I think some people really get emotional for a while when they don't have more money to accumulate bitcoins. Amid the current major correction, this should be a valuable opportunity to buy and accumulate. Unfortunately, some of them may not have spare money that can be used at times like these. Buying when prices are dip is a good strategy, but buying when prices are dip of dip is always better, which means DCA makes it possible.

I don't know how low the price will correct today, but I don't think it will go lower than $95k. Recovery is expected as soon as this panic subsides and today's close is expected to be over $99k. In the last 24 hours, the price has fallen by 4.5%, this is not always considered a bad thing by those who can take advantage of the opportunity.

It did go to as low as $95,587.68 according to Coinmarketcap, but I would say that it's not that big of a dip, and we all know that if there is a negative news, there will be speculators that are going to push the sell button. Maybe they panic or just want to hedge their Bitcoin and put it to stable coins to stop the bleeding and then comeback when the price is making a good recovery.

And if you have to think about it, another best time to enter isn't it? prices is way below that 6 digits and we have heard people saying that it's too expensive. But then didn't go and buy when the price is like <$60,000 a couple of months ago. But now, with the FOMO, just a minor dip and they are going and wanting to scoop some, LOL.