Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
red4slash
on 08/10/2023, 14:22:08 UTC

~snip~

You call Bitcoin as being risky, yes it is... but still not risky as long as one understands how it operates. Your 1 Bitcoin bought at price 64k dollars and unfortunately the market experience dip and price becomes 15k dollars you still need to be acquainted on the fact that your 1 Bitcoin remains the same as of the former price as long you do not sell due to panicking, learning and knowing all this makes me feel Bitcoin is not risky at all except we are to look from the aspect of Bitcoin trading
The point you are making here is not to sell out of panic so that we don't feel the loss because 1 bitcoin is still 1 bitcoin right? and you say it's not risky at all? Indeed, at first glance there is nothing wrong with that, but do we think that we have to hold longer than we should? in my opinion it is a consequence of the risks we take. Isn't that a very closely related thing? So in general I disagree with what you're saying.
On the contrary, I agree that when we do not sell panic when the price drops far from the price we bought then we cannot be said to have lost because we still hold the same amount of bitcoin.