Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Salahmu
on 27/08/2023, 16:09:59 UTC
For sure, when you are in BTC accumulation phase which could last right around 1 year (that is if you already have money that you are just reallocating from other sources which is a kind of variation of what happened with me) or maybe it takes 10 to 20 years to get through the BTC accumulation phase, even though surely those guys who had been accumulating $100 worth of BTC per week for the past 10 years, may well be starting to feel that they are getting up to a BTC amount that comforts them (since they would have had invested around $52k, and they would have around 54 BTC), and sure many of those BTC would have ended up accumulating more on the front end, and current purchases of $100 per week might not seem to be adding up to very much in terms of adding to the BTC portfolio.. and also $100 today does not feel like $100 in 2013, since it probably has reduced way more in purchasing power, maybe ONLY 1/4 of the purchasing power if that.. especially in the past few years.

Sure if the funds are there and someone decide to diversify his funds in accumulating Bitcoin it will be an awesome one but it will be unwise using all the funds for investment without a back up funds that could sustain you while you work to accumulate, just like what a business lecturer always always advise me not to invest everything I have without a back up money, so is always good to set a target maybe 3 to five years to accumulate some certain amount of Bitcoin, perhaps you could structure your plans by accumulating Bitcoin every week with any amount you an afford and if consistent before your targeted years you most have accumulated enough, though accumulation and people that started accumulating when the price is low can never be same but what matters is that you were able set a portfolio.