Post
Topic
Board Bitcoin Discussion
Re: This dip is PROOF that "I wish I would've bought Bitcoin at X price" is nonsense
by
Photony
on 01/06/2021, 08:33:49 UTC
NO you would NOT be rich, you'd be Poorer!
Why that? If I decided to hold my coins, I would have been richer. I know that the bias wouldn't allow you to keep them for a 20000%+, except if I was extremely greedy or if I was going for the long-term, but based on the chart, it would have been profitable to invest in the past.

I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!
The panic selling is the worst one. You must not fall into that trap. You have to set a target and settle. As for the “truly BIG 50%”, you'll experience them, I guess, soon.
The key to the question is whether you can insist on not selling at 10 dollars when you buy for 1 dollar. Another reminder, when you buy $1, you don’t know whether btc will rise or fall, or how much it will rise.