Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Sayeds56
on 21/03/2023, 06:20:31 UTC
⭐ Merited by JayJuanGee (1)

Don't get me wrong in terms of my seeming conservativism, because I do believe that there are ways to plan for outrageous scenarios, and I do believe that it is better to plot out some kind of plan in the event that outrageous scenarios were to happen in either direction which may well include selling some BTC if the price were to go up really quickly like that... but I surely cannot tell you how much I believe would be prudent to sell, and we are getting off of the topic of this thread.. with such fantasies. .that's for sure, but we are not really off  of the topic of this thread to figure out personal strategies how to plan for the possibility for outrageous events, and if the event seems outrageous, and if you believe that it is 5% likely to happen, then you should not put anymore than 5% of your preparations into such an event.

I appreciate your insights and completely agree with your viewpoint on planning for unexpected and extreme scenarios. Being prepared for unforeseen event is always better than being caught off guard. When it comes to selling Bitcoin, it is important to make informed decisions based on personnel financial situation, risk tolerance and investment goals.

Allocating resources towards preparing for outrageous event is a wise decision, but is crucial to ensure that you are  not over committing towards unlikely scenarios
to avoid unnecessary stress and financial strain. 

Overall, having a well-thought-out plan is that takes into account potential risks and unexpected events is key to achieving long term financial stability.