Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sayeds56
on 19/04/2023, 15:38:50 UTC

The most important characteristics a bitcoin investor should strive to develop is the ability to resist the temptation of selling off too soon and also getting too greedy at some point, blinds their sense of judgments, in managing a proper cash flow there is need for the investor to develop an accurate financial management approach that always provides an extra liquidity that could sustain them through the long term journey since most of the crisis arising from Bitcoin long term investment is as result of the investor's inability to take his financial burden off their Bitcoin assets and also over-reliance on the anticipated profits on their Bitcoin investments and their inability to build the right financial knowledge that could sustain and guide their financial actions since we are in a volatile market like Bitcoin whose future outcome is always unpredictable so there is a need to an in depth understanding of the financial market as an investor in other to know when to ride on a dip or take a look at other asset that could possibly perform on the same line with Bitcoin or competitively.
I am not a financial expert yet but i have build some financial values that help me navigate through, as a newbie in financial analysis and this have helped me greatly to make the right financial decisions when it comes to Bitcoin selling vs buying - holding vs selling off to cash in on profits and in all this, i understand the place for (RIGHT TIME) because, acting at the right time is what differentiates a nobs from a pro in financial actions.
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It is great to see that you have developed good financial values that can help to navigate through the journey of world of  Bitcoin investment. You are absolutely right that it is very important to develop ability to resist temptation of selling too soon and getting too greedy is crucial for Bitcoin investor. Over reliance on anticipated profits and lack of knowledge can lead to wrong decision, so it is important to continuously educate oneself about financial market and to be aware of risks involved. Additionally, accurate financial  approach that can provide extra liquidity to sustain you through long  term journey of Bitcoin is equally important.