Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 17/06/2023, 18:56:09 UTC
⭐ Merited by JayJuanGee (1)
I am happy that you have learnt from  your mistake ginsan for thinking that bitcoin is a short term profit generator,which this is what so many people always have at the back of their mind that is to sell and make profit when there is a little pump in price. They are blindfolded with little profit at the moment and didn't see the huge benefit when you hold for long. So many bitcoiners have this idea of selling durig the bull or in a price higher than what tgey bought as smartness and buying again after the price has dump below what they sold. They are just deceiving themselves thinking that they are making income not knowing that it will be hard for them to have that same number of bitcoin or higher than it after they have sold it,due to some financial circumstances that will come around the person and will make him use some part of the funds to solve.
That's a road full of obstacles that I can use as a lesson that is valuable enough to be a big motivation for the future developments that I will do. I think one of the biggest factors is the lack of better knowledge of the direction of development of bitcoin that led us to fall into the wrong decision.

Ginsan take for instance that the price you sold those 5BTC of yours and compare it to assuming you left it to this very time,how much your bitcoin portfolio will worth.
I don't remember anymore even it was buried not to see it. I think it's taboo to remember.

If you have a clear reason why you should sell your bitcoins in the past, then I don't think it's a bad decision.
There are many reasons to sell bitcoin holdings and one of them is when you feel you need the money urgently. Your health and anything other like building a business are some of the reasons to sell bitcoin, but if you have better options then holding and seeking a solution such as a loan is fine too.
Well not that problem, but what I remember was in a situation when I sold it just to gamble and in the end it all disappeared with the trigger of excessive stress levels. But for now I have moved on from that bitter event and returned to a good direction and am more confident about buying and buying btc which I will keep for the long term.