Quote from: freightjoe on April 01, 2018, 10:20:37 AM

Quote from: Kingigolo on April 01, 2018, 09:50:13 AM

Looking at it critically, crypto prices will still drop for a while before moving towards the upside though I'm not very sure it'll reach that 5000 dollar mark it'll definitely get very close. I'm waiting for more bad news so I can buy more.

Sounds like the typical HODL strategy:

First you buy the dip at 12.000.
Price increases to 14.000 and you do not sell because you HODL

Now the price dips to 10.000 - you buy the dip some more.
Price increases to 12.000, and you do not sell because you HODL

The the price dips to 8.000 - you buy the dip some more
Price increases to 10.000, and you do not sell because you HODL

Now we are at 6.000 and you want to buy the dip some more.

Everyone who HODLs and only "buy the dip" is losing more and more everytime they follow that strategy.

This is somewhat true but whose who are buying for long term are not at all at a loss. Everyone knows that bitcoin is the future and this year bitcoin will easily reach 25000$. Some are hoping for 50,000$ also. So the point is nomatter in which range you buy (5000 - 12000 $), just keep on holding till the year end.

jennywhzz

Posts

Merits