Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SamReomo
on 10/06/2023, 11:26:29 UTC
To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.

I agree with you and yes in the current condition of the market a Hodler doesn't have to fear at all because our main goal is to Hodl for a long time so that we can live a happy life after retirement. I don't think that 6 digit is enough to accomplish that dream of complete financial freedom. I personally know a person who bought Bitcoin when its price was over $60k, and the guy is still Hodling it in the hope of huge gains after the halving, but the true hodlers doesn't even care about the halving because they just buy it in the dips and Hodl for decades to come.

I think someone who really wants to gain good returns from Bitcoin investment should Hodl it for more than a decade in current price range. And, even I personally know people who believe to Hodl their investment until they are over the age of 50. They are currently young and they are in age range of 28-31 years right now. So, it's more than two decades for them to reach that age, and I believe that they will be among the luckiest investors at that age. I'm sure that Bitcoin can grow very high in value after a decade or two and the ones who invest in it now could be very profitable after those decades.

It's no less than a inspiration that Satoshi himself is Hodling more than $1 million Bitcoin and I'm sure that the inventor of Bitcoin is already above 50 in age. But, I personally believe that one should only buy Bitcoin when the price is dipped, because that way an investor could accumulate more Bitcoin over time and the final exchange rate could make his/her life financially stable for rest of the life.

It's a investment that only intelligent people can understand and they are the ones who will be free from financial problem in old age. In young age it isn't hard to earn huge sums of money but as we age we might not have that much stamina and energy to work and earn, and that's why investing in young age is the best form of security for a peaceful, happy, and financially stable life in old age.