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Strike Founder: Buy Bitcoin on dips, now is a good time to start dollar-cost averaging
GateNewsBot
BTC-3,96%
ChainCatcher message, Strike founder Jack Mallers stated, “Bitcoin is not a software company. The reason it’s traded like a tech stock is because many holders don’t truly understand it. This pullback is indeed painful, but it may be clearing out leveraged ‘software capital,’ allowing Bitcoin to ultimately be priced and traded based on its ‘hard currency’ properties. Hang in there. Buy the dip (BTFD). No one knows where the price is headed, but based on historical data, if you believe Bitcoin won’t drop to zero, now is a good time to start dollar-cost averaging.”
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Comment
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ABigHeart
· 02-12 00:38
Strike founder Jack Mallers pointed out that Bitcoin is not a software company; market behavior stems from some holders' lack of understanding. He believes that the current pullback will help clear leveraged capital and recommends buying the dip during price declines. Those who believe Bitcoin won't drop to zero may consider dollar-cost averaging.