Ninjastic
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Board Bitcoin Discussion
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Re: Who says it's too late to buy Bitcoin?
by
Just Say
on 18/03/2025, 05:37:26 UTC
⭐ Merited by Tungbulu (2) ,JayJuanGee (1)
Quote from: MusaPk on March 17, 2025, 04:08:27 PM
Quote from: JayJuanGee on March 17, 2025, 04:11:29 AM
Quote from: MusaPk on March 16, 2025, 04:54:55 PM
One more thing for those who are already into Bitcoin for sometime, such people will also love to go bullish when price goes down like the dip we are having now. We saw Bitcoin price going up to 109k and staying around 100k for a longer duration before falling to current price. Though price has gone down at the moment and we can say we are having dip but we can't say whether it's the bottom or we still have to see more decline in price. Nevertheless this price (which we can say is part of DIP), is a good scenario for anyone waiting for DIP to buy.

Personally I doubt that it is a good mindset for newbies to be overly thinking about the extent to which bitcoin prices are in a dip or not.  Sure we can see recent BTC price performance, yet newbies likely need to just get started and to figure out some steady, consistent and persistent buying of BTC.  Also, once they are getting used to buying bitcoin on a regular basis and if they are alb to shore up their emergency funds and other aspects of their cashflow management, then they can also start to buy more aggressively.

There are some folks who either have extra discretionary income and/or they have other assets (or savings) upon which they want to transfer value into bitcoin from those amounts, and so there is nothing wrong with supplementing buys for buying on dip so long as the buying on dips is not distracting them from doing regular buying, and since it tends to take so long to build up a bitcoin portfolio, it may well take a whole cycle or even more before buying on dips starts to make sense, as a supplemental strategy.

If you read my initial post then I was referring to people who "have been stacking BTC for one or nearly two cycles". These are the people who can understand dip well. Like I said, they are the one who have seen Bitcoin at 20k (few months ago) and they have also seen Bitcoin on 109k before witnessing current Bitcoin price of 84k.
People who are submitting Bitcoin for one or two cycles are already experienced and have been able to increase their portfolio, so those people must be able to understand the deep well. I think that understanding the deep understanding may not require different knowledge because if that person has extra money at that time, he will be able to purchase Bitcoin with an aggressive attitude, if the new investor has money at that time, he will be able to buy the same way. In fact, you mentioned here that those investors have seen $ 20 in Bitcoin a few months ago, maybe this is not the correct information. Take a look at the 2021-220 chart in Bitcoin, where Bitcoin costs about $ 20K in 2021, which is a few years ago.