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.
It's possible. For example right now i would definitely go for sell now and then buy when the dip comes before the UASF, because i do think that a lot of impatient people are going to sell ahead of the fork and take their USD for safety.
The thing is though, many times you will fall into the trap of either buying too high and selling to low.
Long term holding should be the go to strategy for anyone, and unless you are extremely confident with your trades, stick to that strategy and that strategy only. Don't bother doing anything fancy because it is likely going to wreck your entire stash of coin. I think i'm a bit like you, i don't mind my coins going down in dollar value, i mind though if i have less coin.