Post
Topic
Board Speculation
Merits 5 from 2 users
Re: Buy the DIP, and HODL!
by
indah rezqi
on 30/06/2023, 18:25:39 UTC
⭐ Merited by JayJuanGee (4) ,zaim7413 (1)
>snip
Personally I also think the risk regarding bitcoin which will return to zero and I make sure everyone also thinks the same as the discussion that took place. But when talking about bitcoin there may be some beliefs that can lead someone to ignore the condition of fear that bitcoin will return to zero. For example, the limited supply and resilience of bitcoin in times of recession and inflation when Covid-19 hit, maybe this is only a small relationship from the process of my individual belief in fears of bitcoin risk returning to zero. But my instincts tell me this is not possible given the various power considerations that are in the journey of bitcoin and also not separated from the process of supply and demand, although sometimes the panic process that occurs can cause bitcoin to correct very badly.

Vice versa regarding people's concerns about regulatory limits that might continue to be developed by the government to make bitcoin an asset that does not have long-term resilience and various issues that are developed are packaged in a systematic and measurable manner by them. El Salvador has thwarted the government's mindset of overly worrying to bitcoin's future journey. So my personal assumption for bitcoin going back to zero is a 0.1% chance in the long term.
When the probability of a bitcoin price going to zero or worthless is very low, then maximize your chances. Agree or not, many of us expect these investments to provide great returns in the long term due to their high price volatility. Supply and demand are impacted by strong fundamentals like halves and other support from whales, so when we worry too much about low probabilities it will ultimately affect your decisions and plans in the long term.

It's just that, you still need to pay attention and consider the risks. Pushing yourself too hard to maximize investment opportunities is also not good, because indirectly you may have neglected your responsibility for other needs. Set aside a few percent for your needs, it is also meant that you don't change your investment plan too much in the middle of the road. For example, have a reserve budget.