Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
imamusma
on 10/03/2023, 04:52:42 UTC
⭐ Merited by JayJuanGee (1)
-snip-
Well that seems to be part of the purpose of this thread, in order to discuss various ways in which to accumulate BTC in such a way that any of us might be able to put our own individually tailored systems into place so that we don't feel as emotional about or BTC sales and/or our BTC buys so long as we might consider that overall we are attempting to treat bitcoin as a long term investment, so in that regard, we might feel better to sell a bit of our bitcoin on the way up.. but might not feel compelled that we have to sell large portions or even any of it on the way up if we might establish other systems for ourselves to deal with seemingly inevitable ongoing BTC volatility.. ONE of the most inevitable things in bitcoin seems to be that it is going to be volatile - so if we already can recognize and appreciate the likely inevitability of BTC's volatility, then we are likely in a better place to deal with such ongoing inevitable volatility by putting systems into place, and surely some of the emphases of those systems that each of us puts into place is going to vary from one another, but if we are able to bat around the varying ideas (including in places like this thread), then we are likely going to put ourselves into better financial/psychological circumstances to be able to deal with such.
Psychological pressure seems unavoidable given that market volatility sometimes does not show any increase after some time. I've been gaining -15% in the last 30 days, my portfolio value is dump and that's kind of annoying and puts a lot of psychological pressure on me. But sure - take a deep breath and hold with it and accumulate as much as I can even if it's not more than $100 a month. This means I can save $25 per week, max $30 and would really like to do more if inflation didn't take a toll on my financial situation.

There is a good chance of a dip this time as FUD really haunts the market. Obviously allows me to get a lower price for the same goal in the long term. This thread and the discussions that it has led me to feel a sense of belief that bitcoin has unquestionable potential, in the long term of course.