Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Ryu_Ar1
on 04/03/2023, 22:17:54 UTC
⭐ Merited by JayJuanGee (1) ,fillippone (1)
Snip-

It took me about a year (from late 2013 to late 2014) to establish my initial bitcoin position, and I had already been investing and building my investment portfolio for more than 20 years by the time I started to add bitcoin into my investment portfolio.  And, by the end of 2014, I thought that I largely had enough BTC, but I could not resist to continue to buy BTC for the next couple of years.. and sure my accumulation strategy and approach was a bit less aggressive/assertive in those next 2 years of 2015 and 2016, but still I spent time getting to a place (or continuing to try to get myself to a place in which I was more comfortable in terms of my bitcoin stash).. So perhaps there is always a kind of ongoing persistent and pestering element that we cannot really feel comfortable until our holdings are in profits.. and of course, the more that we end up being in profits, then the more options we start to feel that we have, so in that sense, we gain a lot of comfort and confidence merely by being in profits..

Another thing is that it seems to me, that if I had not started out with already having a long time (of more than 20 years) building my various investments, it probably would have taken me quite a bit of time to build my BTC holdings.  I cannot have confidence in terms of what kind of approach that I would have taken if I had been 20 years younger and just approaching investing in 2013.. so there is a bit of speculation there.. because of course, I had not known about bitcoin when I was first building my investment portfolio.

Another thing seems to be that bitcoin may well cut our times down in which we might have to invest in order to be able to achieve and appreciate large profits, but it likely still does not mean that we are going to be able to get rich in a few years.. rather than the normal 30 to 40 years that it would usually take and some folks do not even have high levels of success in their investments, even if they spend 30-40 years building their investment portfolios.
This is a fairly long-term experience and plan that I have not even thought about in that direction. and this can also be one of my other thoughts because it can be said that at this time I am still not exactly remembering my previous plans and seeing from the exposure of your experience and plans it is clear that I am still very far thinking ahead because I am still profit-oriented in this case.
Even so I will still rethink what I will do after this because it does give me other thoughts that are different from my original plan.

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It seems to me that when you are building your investment portfolio, it is good to just keep chipping away at it.. because it could take a very long time before your investment portfolio starts to seem like it is a meaningful amount, and yeah, of course, sometimes we are going to have doubts along the way that could cause us to stop or to lessen the amount of our investment, and sometimes those doubts will cause some of us to withdraw portions from the investment (including profits), which may well not be good idea for the real exponential nature that seems to come from compounding effects.
This definitely slapped me Cheesy because even though I don't want to admit this, I still think about things like what you said.
Even though I don't always think about doubts, there is still one condition where I always think about and start to experience doubts that make me a little shaky even though I still survive until now.

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So similar kinds of mistakes can be made by selling too much too soon or to the contrary failure/refusal to sufficiently and adequately buy BTC on a regular basis in order to prepare for UP.. and sometimes the amount that we might buy BTC on a regular basis, might not even make that much of a difference to our regular life.. so whether that is $100 per week or $10 per week or some other amount that might be suitable to our situation and budget.
What I can take in this case is to stay in a condition where we are still consistently maintaining and making our minds calm. which indeed in this case I did not do before because indeed my previous implication clearly lies in real sales and buying without thinking about conditions but on the other hand the concept is a little different from consistency.

This is another consideration that makes me have to start rethinking the system that I have in organizing and building my portfolio.