some dip today
102.7k
There's probably some professional traders taking profit at the current price level. They probably believe it's going to be another phase of accumulation and that their capital might be use more efficiently somewhere else? But if they still want to trade in something else, AND still something related to Bitcoin, then they will definitely like MSTR. I believe it's trading at 1.XX NAV which could go in premium when Bitcoin surges again.
I'm a mere pleb though, simply a shower-thought of what could be possible.
¯\_(ツ)_/¯
instead of accumulating more, because Bitcoin is a volatile asset and we can never predict what could be the outcome of the dip, because tomorrow we might experience a different dip and we regret why we didn’t wait to do more accumulation instead we should be more focused on taking the opportunity of accumulating more bitcoin at any given time when the opportunity of a dip presents itself, the opportunity would always present itself because tomorrow might be a different dip so I don’t really think there is any special or specific time we should be investing in bitcoin, that is why we have the DCA which can enable us sustain our bitcoin investment and accumulate at any given time not considering what the price of the Bitcoin market. So I just think Everytime is best for Bitcoin investment and to continue accumulating.
For YOU maybe, and that's OK. But for professional investors/traders who bought during the bearish phases during 2022 and 2023, they're probably taking profit NOW, no? OR those winning day-traders who bought the DIPs during April.
We plebs merely have to accept that for every seller there's a buyer, and for every buyer there's a seller. There are those who take profit, and there are those who buy from those who take profit.
Simple.