Re: Buy the DIP, and HODL!

Quote from: l99l on Today at 05:47:41 PM

Quote from: Wind_FURY on Today at 02:06:15 PM

I don't know what's going to happen to the price tomorrow, whether it's going to surge or whether it continues to go on a correction lower BUT, I believe we shouldn't worry about such things. If you're still accumulating Bitcoin, you should be thankful to have been given the opportunity to purchase more units of Bitcoin for the same amount of fiat TODAY than you would have if you bought during August 13!

Cool

Continuing to save has definitely been a good thing. I'm actually waiting to buy more if it falls below $110,000. I love bears Cheesy

Bears have always been beneficial to me. I'm not in a hurry at all. I understand that long waits can test one's patience, but aside from all the worry and stress, these corrections are very beneficial for Bitcoin's rise.
These corrections remind me that Bitcoin needs to continue to perform better in the future.

I guess you would wait no more now. Bitcoin is at $110.07k now or do you wait for $100k? It is better to see every bitcoin price as Dip as this would help every investor to put in more funds into bitcoin instead waiting for dips that may never happen. Even though I don't know how long you have waited for this $110k dip to happen, bitcoin have had quite a very long bullish streak since after the $112k ATH of which anyone who had waited then for the $110k dip might have either lost interest in buying bitcoin or spent his budgeted money on other things that may not have been of greater importance. You're lucky to have your dip happen, but I hope you don't procrastinate or wait for a further Dip as bitcoin price can take a U-turn at any point in time.

So also, those that buy consistently by DCA might also have their DCA fall on this $110k price and guess what, they will also acquire bitcoin at the same price as someone who has waited all this long for this dip to happen. The only difference is that the DCA user might have gone far with his bitcoin accumulation and also such person would not be tempted to still wait to see if bitcoin would go below $110k before buying. They just buy and go, waiting for their next DCA period.