Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SuperBitMan
on 01/01/2025, 15:38:00 UTC
Dude to be honest with you the price of Bitcoin now is really expensive even though it hasn't gotten to half of it's future value but currently now it is expensive and the people that sees it to be more and very expensive are people who don't understand the benefit of investing and holding, and some think they can't buy little by little because they don't have an idea. However, traders doesn't actually look at the price of Bitcoin or how expensive it is all they do is look at the market, carry out there analysis and suggest the possible result or the possible movement of the market. In as much as our income are not the same hence Bitcoin will continue to be expensive to some individual and not only to some individual but also to some investors.
When you say bitcoin is expensive, I believe you are trying to outline that not every investor can actually accumulate one bitcoin at a time because of the current price, but if that is the case, I want you to understand that you can accumulate bitcoin with the DCA strategy irrespective of the price, and if you are consistent in accumulating bitcoin with the DCA for a long period of time, you will still be able to accumulate a reasonable amount of bitcoin. Do not allow the current price of bitcoin to discourage you from accumulating it because bitcoin is not yet expensive. Even with the current price of bitcoin, you can still accumulate bitcoin if you have discretionary income that will allow you to freely accumulate it without finding it difficult to sort out your daily expenses.
This is not the case of not being able to afford 1 Bitcoin here based on what I read and understood from @sotelorene; it's a case of seeing Bitcoin as being overpriced and expensive based on the low local currency factor and other factors, which could also include comparing Bitcoin with shitcoin prices out there, which they believe is still on the low side. @sotelorene needs to understand that if you don't get Bitcoin today with the current price with the belief that it's too expensive, tomorrow might even be more expensive.
 
Happy New Year to all contributors of "Buy the DIP, and HODL!" and all Hodlers... it's another year to stack up the bag with more bitcoin.

You are right, something I really don't understand why people can't look back to history there was a time when Bitcoin was not valuable, in 2010, programmer Laszlo Hanyecz famously bought two pizzas for 10,000 Bitcoins, now worth billions, if it was now I don't think he would have done that because of how big the value of Bitcoin is now, those people that are feeling Bitcoin is too expensive now will surely see Bitcoin more than what it is today.
I don't see Bitcoin being too expensive as an excuse that will prevent someone from starting his or her accumulation the reason why I said so is because Bitcoin is divided into small units so that means you can buy Bitcoin of $10 or $5, it those not mean since Bitcoin is $94k now that if you have $5 you can't buy you can still buy a Bitcoin worth $5.
Sometimes this thing some people post here about Bitcoin being too expensive can confuse a newbie who wants to start accumulating, a month ago a friend of my asked me how do I get $94k I use in buying Bitcoin every week, he believed that since Bitcoin $94k now you can only buy if you have such amount of money but after my explanation he understood and now have the interest to start accumulating.