I am a long term HODLer and believer in BTC.
I have been adding to my position since 2013. and sold 0 BTC over time.
Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.
I had no problem holding BTC when it crashed from 900$ to 200$ but I would have mental issues if I converted 1 BTC to 2400$ and had to buy again at 2500$ thus diminishing my BTC stash.
Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.
I'm a long term holder too, although you have to admit that there are certain tendencies that the market always follows. For one, each halving will bring a new round of pumping, and after around 2 years after thehalving the market quietens down.
You definitely had balls to hold bitcoin from $900 to $200 and back up to $2500 right now, i actually bought at just above $1000 and sold at $700.
The thing about long term holding is that you don't get affected by the price at all. A lot of the times if you are looking to trade short term you will be easily motivated by rumours and news that really is just a short term phenomenon, and it makes you lose your long term vision. But oftentimes it will indeed mean that you're losing out on some profits.