Quote from: darkv0rt3x on August 01, 2023, 06:52:58 PM

Quote from: Uruhara on August 01, 2023, 12:02:31 PM

Quote from: darkv0rt3x on July 30, 2023, 06:27:20 PM

I'm not waiting for any bull seasons. I just keep buying no matter the price. And I will only seel if I have a situation of life and death that I really need to dump all my Bitcoin. But that is an extreme situation, for sure. I hope that day never comes and I can keep accumulating calmly over the years, until Bitcoin adoption is high enough that we can use it, like in a daily basis or so!

Means you really will make your bitcoin investment for the long term regardless of time. You will keep it as long as possible as long as you are not forced to use it. And I think that's a pretty good thing as long as you're really only using cold funds. I also hope to hold onto bitcoins as long as I can. But when Bitcoin reaches ATH maybe I will start selling and will start accumulating again when the bear market comes back. But I'll probably keep half of it and try not to touch it for a long time that I won't specify.

Yes, that is the most common strategy and I can't blame it. You can have the luck that the bear market gives you opportunities to buy cheaper than last time you sold. But you can also fall in the trap that any future bear market doesn't give you values lower than the ones you sold last times. So, that's always a gamble because we all know that Bitcoin tendency is to grow grow grow. That's why I prefer to only buy regardless the price and hold.
I also use Bitcoin whenever I can, I'm not only an hodler. I pay a couple of things with Bitcoin.

That is really the reason why other people got left behind, thinking about the dip or whether the price would continue to drop. Ive just imagined they got left behind and were forced to buy, but the price is already high and will drop again. That is why it is better to buy when you can, meaning no matter what the price is as long as you can afford it, because mostly with this you'll not be left behind and also not stress yourself thinking about a dip.

It is really best to treat bitcoin not only for investing and holding it but also as a payment method, though I always convert it to my own fiat so that I can spend it because there are only a few merchants here that accept bitcoin.