Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Barikui1
on 31/12/2024, 06:28:58 UTC
Because in essence, a true bitcoin investor does not look at the current price of bitcoin or when they make a purchase. Because they know that bitcoin is an asset that has great potential in the future. So based on this sense of trust, bitcoin investors no longer hesitate to continue investing their money in bitcoin without looking at the price when buying it. So the person who is waiting for bitcoin to fall to $35K, I think he should be informed about this, if he really wants to be a bitcoin investor, and not a trader.

In my opinion, if buyers who already understand the great potential of BTC in the future will be relaxed in putting their money to buy btc either in regular or large amounts, but timing is also needed to get a reasonable price periodically. For a drop of up to 35K as said by his friend @Proty, it may sound funny and in my opinion that number will never be touched again unless large hodlers sell their assets massively in the past continuously for a long period of time.
All what you said here was quite ok too me, until you said this, am talking about the words I made bold in your statement, bro are you a long term holder?
If yes, then what's the point timing the market before buying when you know that by doing so, you might miss a whole lot of buying opportunities as most Bitcoin investors that bought Bitcoin through lumps sum do.
In my own opinion their is no point timing the market before making a purchase of Bitcoin, it's already too cheap now comparing to how much the value can get in the future, so stop wasting time in the name of timing the market because their is no better time of buying Bitcoin than now, unless you are a trader that sells for minimal gains, if you are not, then it would be very wrong to be timing the market before making a purchase because time waits for no man, so it's best we seize the opportunity now that it's still cheap.