Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 22/12/2024, 15:25:59 UTC
This are wrong advise I disagree with you, firstly it's wrong telling people who are already in Bitcoin accumulation journey to wait till Bitcoin settle if I may ask settle for what exactly, Bitcoin having a dip didn't start today it's part of Bitcoin growth people who are already accumulating Bitcoin should continue, infact this is an opportunity for them to accumulate more Bitcoin with less price since there's a dip and not for them to wait.

You are wrong for saying if someone haven't bought any bitcoin then entering bitcoin at current price will be a bit risky, I totally disagree with you because there's no best time for someone to start accumulating Bitcoin, if you see now as a bad time to start accumulating Bitcoin then you really don't understand Bitcoin and how it works and you have no idea about Bitcoin and it's history growth.

You can disagree it's your right to agree or disagree with something. My view is that if someone hasn't bought Bitcoin yet then why buying first Bitcoin at ATH. One can wait for price to come down. There is bright chance that if someone buy Bitcoin at 100k then his investment may struck for longer duration. It's rule of market that price always comes down after a massive increase in price. 100k is best value Bitcoin has achieved so far and defiantly it will go down from here. That's why my point of view is that those who are new to Bitcoin must wait for price to come down and there is nothing wrong in waiting for next DIP.
You are sounding as if $100k is the best value that bitcoin will ever get to. And you are totally wrong with your analysis. Buying bitcoin at $100k is even cheap compared to where bitcoin will be in the nearest future. Since your investment is for the long term, you can invest even at the price you consider as peak price. The only thing you can do is that, you shouldn't be aggressive when buying at that level, when the market is at it's peak. But telling an intending investor to wait is wrong. What if he is waiting and bitcoin continues pumping, what will be his fate? Even if he has invested and price correction happens, such an investor is far better than someone who is waiting for dip before investing. The investor has gained an experience from that price correction and as he continues holding, bitcoin will definitely go back up. If he has invested and price correction happens, he can tend to invest more aggressively in order to maximise the price correction. In nutshell it's a wrong ideology to tell prospective investors to prolonged the intentions to invest in bitcoin because bitcoin is at $100k ans and above. You have forgotten that from that $100k, bitcoin it can get to $150k and $200k.