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With bitcoin’s price dipping significantly below $100k again, the “buy the dip” cheerleaders are out in full force.
But I’m here to offer a different perspective, which is simply: Don’t buy the dip.
Before I continue, let me please make it clear that nothing that I write in this Take is investment advice.
Why would I say such a thing? Is it that I hate bitcoin all of a sudden?
No.
I have other reasons for making such a statement.
The first is that I’m trying to keep you from becoming exit liquidity for people like this:
Don’t worry guys.
The retards are coming. pic.twitter.com/1YL8keRHYa
— Breadman (@BTCBreadMan) January 8, 2025
The second is that I like to buy bitcoin when it’s truly selling at a discount, not just when it appears to be selling at one.
Let me explain.
Right now, bitcoin is trading about 13% off of its all-time highs. While that may be a significant discount for an asset in the world of tradition
We współpracy z: https://bitcoinmagazine.com/takes/dont-buy-the-bitcoin-dip
