Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odohu
on 23/12/2024, 08:35:37 UTC



         It is predicted that by January the price of BTC could rise much more, so is it not cheap to buy now? Maybe, it's a risk that few of us take.
So in essence of what am trying to say is that bro, now is the best time to buy Bitcoin because we are still in it early days, so I believe that any price you get it now is still very cheap comparing to the value it might skyrocket to in the nearest future.
I don't disagree with what you have said but I will not support the idea of sounding compulsive when persuading someone to invest in Bitcoin because there is never a wrong time to buy Bitcoin. Bitcoin will be here today and tomorrow and there will be many new participants in the future as the price will continue to get better. So rather that compelling someone to buy Bitcoin now, we should spend more time educating them about the importance of getting involved and the right approach of investing in Bitcoin else some of them will buy now and expect profits the next day because of how we hype the profits of Bitcoin.

A process like the DCA method, which stand out as one of the best any new participant can adopt, does not have any form of compulsion in it rather it makes the investment process an ongoing one and also encourages the investor to think more of buying than expecting some quick returns. This is what we should be encouraging new investors to work with and not the other way round.