Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SuperBitMan
on 21/12/2024, 10:03:11 UTC

Buying Bitcoin at the current price may seem to many like, "This is too expensive, it would be better if it was a little lower", but the current price is never much higher compared to the possible future price.
Yes, you are absolutely right that starting to buy right now can be a welcome opportunity for beginners, because Bitcoin is currently priced at $97K, which is a good price compared to its potential future value, the current price is an ideal price to start investing.
So those who believe in the future outlook of Bitcoin, they should start investing without delay, because its opportunity can go away at any time. So, instead of depending on time and waiting for DIP, keep investing continuously, and keep increasing Bitcoin stash. The future of Bitcoin is very bright.

Those who will invest in Bitcoin certainly know that the future of Bitcoin is bright, but we have to start, so we have to move forward with this effort, how a new investor will invest at the beginning. In the case of Bitcoin investment, newbies will panic when they see the price change, but there is no reason to panic, if you invest in Bitcoin using the DCA method, the investment will definitely be long-term and only if it is long-term will there be an opportunity to hold Bitcoin in the future.

So we will invest some of the money we earn in Bitcoin, and the risk is much lower in this, newbies can invest in Bitcoin at any time. However, generally buying dips is another strategy for investing in Bitcoin, where we must meet the money demand for each dip purchase, so we must create a path for our investment.

Buying the Dip is good. But the question is for how long will you wait for the Dip that will be pleasing to you?? Bitcoin is not controlled by your individual wish or desire to buy at 20k.
Bitcoin is a moving train and every day is open to investors. Bitcoin is currently at 98k which is a perfect time to buy and Hodl. Another problem people have is fear. Many do assume the price will fall after they have invested, but the aim shouldn't be short termed. HODL for long in other to reap from the long term benefits of bitcoin. Newbies are prone to fear and this is not out of place.

Waiting for a dip to happen before one can start accumulating Bitcoin is a waste of time, people who are always interested in waiting for dip before they can accumulate are usually traders, someone who wants to hold Bitcoin for 10 years and above won't see any reason waiting for dip because they know the price of Bitcoin now won't be the same in the next 10 years to come.
Dip should be something we benefit along the line of our accumulation journey you don't wait for it, just keep moving and you will meet it along the road.
We all know a dip will surely happen in Bitcoin investment but you won't wait for it start your accumulation journey and when ever it comes you make good use of it, all you need to do is prepare for it while accumulating not waiting for it to happen before accumulating.