Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Pandorak
on 31/12/2024, 07:54:03 UTC
It is obvious that this set of people are traders and they are considering short term profit because any investor that plan to hold bitcoin for a longer time would not see the  current price to be expensive. Just of recent I met a guy that  said he is waiting for bitcoin to dip to $35k before he continues accumulating which is very wrong. It is mostly traders that have this kind of mind set  and not investors, so the current price should be something that should motivate people to accumulate more bitcoin because bitcoin has already proven it's worth over the years and it has not reach its climax
Basically nothing is impossible, even the lowest price of Bitcoin after halving 2020 has touched the price of $15k at the end of 2022, but i doubt that will happen again, after Bitcoin has grown and is known to many people, many countries have decided to buy it to be used as a long-term investment, one of which is El Savador, there are even several countries that make Bitcoin a certain means of payment in their country, this certainly makes Bitcoin more valuable which triggers a higher price increase. so, the price of $35k is possible if there is a massive FUD so that many people decide to sell it, lol.