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.
If you haven't traded ever before, I would be really careful if you want to give it a try.
Use a very small amount and try out how you feel being a active part of the trading market.
If you should come to the conclusion, stick to what you've done so far. Buy with some sapre money every time you can and just hodl the next coming years! Trading is extremely difficult and it could also fu** up your nerves if you lose, even if it's just a small loss. This isn't something for the average joe. You need strong nerves, coolness, patience and a crystal clear mind.