Re: Buy the DIP, and HODL!

It's really very simple and it applies in Bitcoin, and maybe to a very small set of those other coins that have an incentive structure that makes sense, but mainly Bitcoin.

Yes, In the long run BTC is here to stay and these are my thoughts about BTC but on the way i am also learning BTC also make people poor but only those become poor who enter without some aim and knowledge because at least a person with determined purpose of getting profits or saving money for longer period of time against inflation cannot ever become poor. The meme is just for fun here and i have some more in my phone here is another one to explain the situation: (i know its not meme)

This post enough for me to understand the potential BTC had but i did not had the opportunity to get that much BTC because i just entered market few months ago. But the person in the tweet made some next level mistake and i also watched another video which was uploaded on YT back in time where the representative of the video was begging people to buy BTC at least of $1 only.

In his situation, he's the MEME.

But to be honest, if I had Bitcoin during 2011, I don't believe that I would have the same conviction in HODLing Bitcoin as I have now. The biggest exchange was a website domain registered for Magic The Gathering cards, no one accepted it or was interested in it outside of the community, and was the Silk Road already online? The Silk Road might be the only service that might make smarter HODLers say, "This is going somewhere". But I'm the stupid one.

Anyone who held Bitcoin from 2011 till date deserve standing ovation. It takes a great deal of courage, patience and faith to hold Bitcoin that long. Nevertheless, it is not still late to buy and hold. Perhaps, ten years from now, those who fail to join might be wishing they had joined in 2023 when Bitcoin was $29k.

That's right, it's not easy to go through that long with a lot of temptations that come, significant price changes that cause our profits to multiply by hundreds of % will certainly be very tempting for someone who always needs money in his life. Let alone 10 years, in just a few months it will be very difficult to hold BTC. In fact, it will be very difficult to hold BTC if we use money that can always be used at certain times, because on the other hand economic factors will also continue to encourage us to make withdrawals. Honestly, I always imagined that if in 2010 I had known about BTC and some analysis regarding its potential in the future then maybe I would have sold some of my valuables to then store a large amount of BTC, I saw at that time BTC was still at 0.30$, and at that time it was still more than my school pocket money in comparison. But that's the past, there's nothing to regret because this is the reality.

Now that BTC has hit $29k, that's right, it's never too late to start something. We can see that the highest price of BTC was two years ago in 2021 and reached $70k, that means at the current price we still have a chance to at least get a profit in the next few years when BTC exceeds the price in 2021. Honestly looking at this condition I think this is a pretty good opportunity, and I will save a little bit of my expenses to then store more BTC and hold it. We'll see, stay consistent and be patient for something bigger.