Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Aanuoluwatofunmi
on 01/09/2023, 21:33:36 UTC
When we invested in bitcoin, we are expected to know that the target time we may plan for the release may not work in line to been favourable for us to sell especially when the market dips and we have already targeted a precise month for sell, there are many experience some had been through in this regard, since knowing that bitcoin is not a market we can predict the outcome of the future market value at any certain time, we must only try to hold for as long as we are capacitated enough to endure till we have every reasons to release when the market becomes favourable on us to sell at a good rate.

Sure there is nothing wrong with having ideas for selling, but that's not the topic of this thread. 

This is not the "all things bitcoin" thread.

It has a specific topic and a specific emphasis.. and so even though the topic is not about DCA, DCA is directly another kind of way to go about accumulating bitcoin which would be part of the reason for buying dips and HODL...

sell is the other direction.. and meandering away from the topic, even though surely people think about those kinds of things when getting into bitcoin, and I specifically recall when I first got into bitcoin I wanted to make sure that I had at least one or two potential off-ramps, even though I was not sure if I was going to end up exercising such off-ramps, it was good to know that they were available.. just in case.

A similar thing could happen when buying and buying and buying.  There could be some points in which we might get uncomfortable in the sense that we might have bought too much (in terms of our own financial and/or psychological circumstances).

Thank you and i got your points here, when we are investing, it also matter on the pattern we use in accumulating, we should consider holding as more important after which we would have set the target of buying when the market is more favourable to get in, i also got your idea that it's more interesting to concentrate on buying and holding than we could give much priority to selling just as the discussion goes, it's not also about buying alone, but when to buy and hold, we have the right focus on what we are holding to the very best of our advantage althrough the period if we buy low and hold for some time, ofcourse it's a very good idea if the use of DCA is what we could adopt to make this entry each time we are buying.