Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
red4slash
on 22/12/2024, 21:47:30 UTC
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.
But in the end, the ideal of being in bitcoin is for the long term so it really doesn't matter when you buy at $100k or even more when we already want to invest in bitcoin then we must be prepared with all the risks that occur including for the temporary decline that occurs because our goal is for the long term not for the short term.

Keep in mind that we are in an investment that could take even up to 5-10 years so that the results are maximized so that in the end the current price benchmark is not a problem as long as we can afford to buy even if it's still at $100k why not?

Indeed, we must also expect a lower price and that is considered ideal by some people by buying on the dip but that clearly must try to wait even maybe the possibility can happen or not so as long as we can buy regardless of the current price and decide for the long term then I think it doesn't matter when we buy at $100k because it could be that the price we consider expensive today in the future will be considered cheap for bitcoin.