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Author Topic: Buying more of the Dip  (Read 308 times)
Coin_trader
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April 21, 2024, 10:57:23 AM
 #41

While you are scared, El Salvador keeps buying the dip every day.

it seems like El Salvador is taking advantage of the current market conditions and adding to their Bitcoin holdings. As of now, they own 5,700 Bitcoin, which is quite a significant amount. It's an interesting strategy and shows their confidence in the long-term potential of cryptocurrency.
anyways for now i'm happy about the halving and will be celebrating it with the Halving carnival Bitget exchange is organizing, who knows if i can win some free bucks and buy bitcoin too

what are your thoughts on this Anon ?


El Salvador is country with much huge funds willing to spare on Bitcoin. If I have unlimited source of funds through taxes of the country citizens then I won’t hesitate to purchase more Bitcoin because I can still generate profit consistently even if Bitcoin price plummet.

This is different for retail investors that has limited funds. A simple buy on the top while the price slide and remain low for long term makes our money sleep for a long time unless we cut loss. We don’t have unlimited source of income since we have other daily expenses needed to cover.

That’s why retail investors usually cautious when buying tokens even on dip since there’s always a chance that a follow up dip will occur.

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April 22, 2024, 04:32:12 PM
 #42

Best and right thing to do. I understand those who will panic and be scared of sudden dips but try looking back on crypto market prices, on how far it climbed since last year, which is for me enough to be calm and to see more of its potential even if a sudden crash will take place. No one's required to fill more of their bags during dumps. But if you are seeking for bigger profit then embracing the risk would be the best thing to do. If you're that worried then choose major coins of this industry; Bitcoin, Ethereum, Solana, and the likes because these tokens will not let you down in a single snap.
Since they have a rich president and well prosperous nation nowadays because of their successful war against gangs and drugs, they can easily do that and they are doing the right thing since they can actually manage to fund other important things in their country while at the same time, they buy some more bitcoins in the dip. They can afford to lose it all and they also believe that they gonna make a huge amount of money once bitcoins reach its maximum price or it reaches another amazing breaking-record ATH this halving season.
Problem is using the economy's fund for a risky investment. What I am referring to, above, is individual investors to take advantage of dips. It is a different story if El Salvador's funds would be on the line simply because many people would be affected by uncertainties unlike with single investors who could manage the risks on a better manner.

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April 22, 2024, 08:32:00 PM
 #43

Undoubtedly, fear and uncertainty are what make investors hesitant and unwilling to invest during downturns, but from an objective perspective, there are countries like El Salvador, major ETFs, international investment institutions, and investors from prominent businessmen and public figures who invest in Bitcoin in large quantities, and leveraging the time of dips to increase their Bitcoin holdings, this proves that the dips are a fundamental opportunity for any investor to enter, because with the increase in demand and the increase in the market and adoption of Bitcoin, this will undoubtedly make it more expensive and the most profitable investment in the long term.

The halving for Bitcoin was completed a few days ago, reducing the supply while demand increases. If we look back at historical Bitcoin cycles after halvings, we'll find that this event plays a significant role in supporting Bitcoin's surge to record levels, and this is what we hope for in the coming periods.

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April 22, 2024, 08:40:33 PM
 #44

If you can remember the dump last week, I keep accumulating altcoins. Though it was high-risk, without taking risks, we can't make money from crypto anyway. So ultimately, we have to accumulate crypto at a low price in order to make profits. So currently, I am making profits from my accumulation. I am just waiting for a good time to sell them. My average cost for purchasing altcoin has exceeded. A little pump now could give a good return. 

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