Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 05/05/2023, 18:07:23 UTC
[edited out]
Lol, I perfectly agree with you and no one is perhaps selling anything here, and what's it to sell? Me, I so much understand you, just trying to explain how else an effective way to know the market psychology. Mind you, you might see it in the way of trading, but it's way beyond that, I see it in the way of speculation which both traders and investors could benefit from.

Our styles and ideology on this might not be the same but I can assure you that it's still towards the same goal.

Fair enough in regards to your attempt to describe some sharing of values, yet I would expect that each person is going to differ in regards to the various ways that they accumulate BTC, maintain their BTC stash or even engage in liquidation practices.. .. and some folks will be more introspective in terms of analyzing their budget and their practices, and other people will resort to gambling tactics/techniques, and perhaps there could be some shared intentions in terms of "everyone wants to get richie," but at the same time, some folks will not engage in certain risks, and/or they might also consider certain practices to be morally reprehensible, so they won't do them, even though they might be able to get rich by scamming others.. for example.

There are all kinds of variations including that each of us likely will be coming to different assessments in terms of how we choose to invest that should include some kinds of assessment regarding our particulars related to cashflow, how much bitcoin you have already accumulated, your other investments, your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Some people are going to be more thorough than others in terms of tailorizing their approach to their own circumstances, and some people will learn how to improve their techniques along the way, so sometimes their earlier errors might contribute to their improvement, and surely some people do not ever overcome their willingness to take risks... even if it might not be for their own good - and even other people have difficulties learning from their past mistakes so they end up repeating past mistakes over and over and over.

You may or may not come to success through trading or through selling BTC on the way up and buying on the way down, and personally, I remain quite reluctant to suggest anyone engage in any kinds of meaningful selling of bitcoin on the way up in order to buy more on the way down, even though I am accepting of such a practice in moderation.. and I already know from experience that there are a lot of people who have real difficult times being moderate in their actions or even difficulties in weighing how to go about moderate kinds of practices.. and some people are never going to even agree with a "moderation" framework, but instead believe "in themselves" and believe that they can "beat the odds," which sometimes may well end up being true, even though many times it is not true.. and even sometimes emotions get in the way.. and such emotions could have had been sparked from their past practices or even traumatic experiences that they had in their lives or maybe such emotions might ONLY come on the margins in certain stressful times in which it becomes difficult to control emotions (and they may or may not even be able to realize it, while it is happening) and then causing them to do the wrong things (in terms of failing to buy or selling too soon or some variation of such).

So, there may be ways in which people share practices, but when push comes to shove, there likely are a lot of variations in terms of how values and personalities and personal circumstances are going to affect what people do, whether they end up profiting from their practices or not.