Quote from: Kemarit on December 19, 2024, 10:30:14 PM

Quote from: BITCOIN4X on December 19, 2024, 08:26:11 PM

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.

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.

Surely those people who push the sell button to keep there money in a more stable coin are not bitcoin investors but rather gamblers who think the are smart, or seeing their strategy as being smarter than others but are missing out. Selling and waiting to buy more when it's dips is not a good one because surely there are times when you sell bitcoin and keep it on a stable coin and expect bitcoin to dip more to accumulate, and bitcoin will increase drastically leaving your fund in stable then you will need to buy bitcoin again when it is above the price you sold initialy. For example a person who sold his bitcoin today @97k due to panic of not falling below $95k may be waiting forore dip and unexpected bitcoin will recover to $107k or may create an ATH of $110 then such person will need to buy bitcoin at high price of $110k as a result of his ignorance or trying to be way smater than others. So we should try as much as possible to buy more bitcoin in each dip from our discretionary income instead of selling our holding to buy when it's dip. I know this is not your idea but an assumption if some people, but just want to use it as a point of contact to pass it as a message to others who may not be familiar to it.