Post
Topic
Board Nigeria (Naija)
Re: Why do people stil fear the dip/ why there will always be panic
by
GPVibes
on 01/07/2025, 13:30:47 UTC

These people godey reason say e better make dem collect small gains than to lose part of their money and this na cause of say their bitcoin knowledge Dey limited.


The thing is that maybe such person has reached his target area and it coincide with when price is going down, abi is it not better for the person to go out and wait for another move up? I have heard that the big guys in the industry (called whales) exit at a top and rebuy at the dip when the price must have gone down so that they can buy more with same value that they exited with and thereby having more coins. For example, if they exit at $106,000 because they perceive that the price was going to drop and it truly did down to around $80,000. At the $80,000 if they are buying with $106,000 for the initial sale then they would buying more than 1btc but if they decide to go with just 1btc , they would have about $26k as profit. So I think that is also profiting if you leave at the right hour to enter from lower price.