Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 20/12/2024, 17:32:11 UTC
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.

The price of Bitcoin is at 97k and there is nothing to worry about this small correction. Bitcoin is fully bullish and it won't stop it's upword trend in near future.

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.
With your forum rank, you are supposed to know by now that there is no better time to invest in bitcoin than to do it right away when your accumulation money is readily available. Since no man on planet earth can predict the price of bitcoin in the next second, minute, or hour, waiting for a dip to happen before you can accumulate bitcoin is not advisable because you are not certain if a dip will happen today or tomorrow, and it will delay you from starting your bitcoin investment since you are more concerned in buying bitcoin in the dip. Bitcoin is not stagnant; even though you accumulate it at this current price, you will surely not regret your actions because bitcoin is an asset that increases in price from time to time. It is when you invest all your money in bitcoin that your bitcoin investment is at risk.