Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Zackz5000
on 20/12/2024, 15:11:02 UTC
⭐ Merited by JayJuanGee (1)

Those who already have accumulated bitcoins can wait for market to settle. There is no need to panic if you are out of cash since bitcoin gives lots of opportunities to buy. If you haven't bought any bitcoin then entering bitcoin at current price will be a bit risky.
Those who has been accumulating for the past 10 year or more can decide to wait for market dip before accumulating people can choose to do what dey want to do but for new investors waiting for the dip before accumulating could be a wrong approach because you won't be able to accumulate a reasonable amount of Bitcoin.
And also trying to encourage people who hasn't bought bitcoin before not to buy now because of the current price is very wrong we know that bitcoin investment is risky but one shouldn't panic if the investment plan is for a longer time if the money is there you can start up your bitcoin investment immediately because the market may not go down the way you wanted because if you believe bitcoin will keep on to dip it may not, you can start accumulating with the DCA strategy where you can be accumulating regularly either every weeks or months irrespective of bitcoin price and hodl for a longer period of time while the dip should only be an opportunity to accumulate more Bitcoin and HODL for a period of 4-10 or more.