Buying during a dip requires confidence and patience. Analyzing market trends is key, but remember, even strong trends can reverse unexpectedly. When aiming for long-term HODLing, every price point can be seen as an opportunity. Instead of focusing on short-term fluctuations, it's about trusting your strategy and seeing dips as potential buying chances rather than setbacks.
Analyzing market trend is exactly timing the market. Of which timing the market is seen as trading. When you are investing for long term there is no need to time the market. You are a newbie and you've learnt one or more things by now, i just want to let you know that timing the market is wrong. The only thing you said that picked my interest is the fact that every price is a good opportunity to buy Bitcoin. There is no point regretting why we didn't buy at a lower price because the current price of Bitcoin soon will be a lower entry point where many ignorant aspiring investors will be wishing they bought.
You seem to be placing too much trust in Bitcoin. Remember, the future of Bitcoin is not in our hands. The security and pumping system of Bitcoin certainly make it reliable and potentially profitable for investment. However, are we ignoring the possible outcomes? Our faith in Bitcoin and previous statistics may reassure us, but that should not make us feel guaranteed.
If Bitcoin were guaranteed, we wouldn’t be advised to use unnecessary funds for investment. While long-term investments have a higher chance of making a profit, it could be a mistake to consider it as guaranteed. You must consider security-related issues and the risks involved in long-term investments. For example, the possibility of losing Bitcoin due to mistakes, the risk of selling at a loss because of flaws in the long-term holding strategy, the chance of losing access to the wallet, and even though unlikely, the potential for loss of Bitcoin in the long term. Based on these slight negative possibilities and the risk of investor error, you cannot guarantee or promise profit from Bitcoin investment, and doing so would be wrong. This is why it’s recommended to invest only a portion of your available funds in Bitcoin. If there were a guarantee of 100% profit from long-term Bitcoin investments, most people would invest a large portion of their wealth. But doing so could be the biggest mistake of your life. Therefore, it is not correct to be sure or guarantee profit in investments; it is just a possibility.
Your right here. No investment is 100% guarantee. Bitcoin has done financially well over the years till now, and with the global respect and adoption shouldn't make us treat it like some sort of financial savior. Many situations and problem may come and affect the system which we do not know what may be the outcome in the future. In as much as we expect the greater potential benefit of Bitcoin as we invest and hodl for long term we should also have it at the back of our mind that the system was created by man and anything that is been deployed by man has limitations. Bitcoin is good to invest but its not made into perfection.