Re: Buy the DIP, and HODL!

I don't know if as many as possible were able to identify the trend of double top and double bottom and how this has been shown recently on the market performance if we are close on the chart, we would have seen this coming and know the kind of position to take as regarding investment, but for the time being now, we should expect more of the market pump and its more likely that we get to all time high this month or sooner.

Following the Bitcoin chart is not the right thing to do since it will lead to the wrong outcomes. If you always study the Bitcoin chart before investing, I am confident that you have no plans to invest for the rest of your life. Bitcoin investing needs a positive mindset toward your investment, if an investor enjoy looking at the chart, you will be viewed as a short-term investor since you always prefer to buy when the price is low, and no one can tell you what will be the next move in Bitcoin price.

Quote from: Olatundespo on May 13, 2025, 04:07:36 PM

Those guys may have the current attitude to buy Bitcoin if it is at $90k or near it. Every time they miss the opportunity to accumulation Bitcoin and blame their own luck. Those investors who continue to accumulation Bitcoin the DCA method regardless of price are examples of patient and intelligent investors.

Aside from others who believe they would buy Bitcoin and invest in it once the price reaches $90k, some of them planned to invest when the price was around $50k but failed to do so and blamed themselves. Perhaps they are not ready to invest and lack the patience as those who have been buying and holding for 4-5 years.

Staying informed about current market trends is not overly bad as a bitcoin investor, this will also help you as an investor to be able to have, and show knowledge of a situation regarding your investment strategy whereby keeping your portfolio stable as you continue accumulating especially as the strategy is for the long term investment and holding. Having a knowledge about the current market trends doesn’t stop you from accumulating especially for someone whose strategy is for the long term investment and that is why it’s advisable to accumulate using the DCA method whereby you don’t get distracted by the current market trends or charts in as much as you have a knowledge about it.

As a result of the market, it is better to accumulate Bitcoin than to watch additional charts. Sometimes you may get confused and start to have flashy aspirations, so it is advisable to focus on the savings cycle initially. In fact, most of the recommendations made for new investors may go against their wishes and they constantly look at Bitcoin charts and calculate their holdings. The mindset of investing periodically and increasing the accumulation with earnings and increasing the holdings for the long term will increased your tolerance. I think that even if you have a fairly strong source of alternative income and little knowledge about Bitcoin it should not be difficult for you to carry out long term activities in investing. The Bitcoin market situation does not prevent us from investing, but rather motivates us to do it for the long term.