Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Salahmu
on 15/10/2023, 22:31:21 UTC
Not every time I do agree with strangers or so-called bitcoin investment experts. At the end of the day the only person who understands your investing decisions either to hold, sell during the two sides of the market level is yours especially when you see others panicking. But if you decide to listen to other opinion its not a bad idea but it should be for the best.

We are not really talking about selling in this thread.  We are mostly talking about various ways to accumulate bitcoin by buying and HODLing rather than selling.  Better to start with the basics first, which is figuring out ways to buy, and surely if you might have had run out of money, from time to time, then maybe in those cases you might HODL through the situation.  Otherwise, it is probably best for the newest of BTC investors to constantly be considering ways to buy bitcoin. and don't even be worrying about selling.. especially in the beginning.  Now if you have been into bitcoin for a while and you learn about bitcoin then maybe you can develop more advance techniques that involve selling, but that surely is not the basic thrust (and topical discussion) of this thread.

The first step and also the initial planning is always one that is very important, especially for those beginners who may still be confused about where to start and in what way they should start to accumulate bitcoin. And honestly here I get a lot of what I need related to my bitcoin accumulation and what steps I should do next, exchanging ideas by discussing to produce solutions or ways that can make it easier is my goal here, and of course there are really developments that I get and I'm sure some people who participate in discussions and see some suggestions here will definitely get new things that can help their bitcoin accumulation, of course it will be easier.

Well learning the basics will certainly be a support for your bitcoin accumulation at the beginning, looking for more effective and easy ways when you want to buy than you think about how you will sell. Sometimes if you are new to bitcoin you don't need to think too much about your profits later, or how big your profits will be, the time is still very long and bitcoin is still very promising for the next few years. So it's better to find or build the best plan for the first step, considering the various ways you can already assess which one is more effective to do. You don't have to worry about whether you will succeed in making a profit or not in the future, but look at how bitcoin has developed in recent years, I think it is enough to make you more confident that there is something very big that you can get in the future if your bitcoin accumulation goes well and also of course with a very good plan to buy and HODL. The point is not to worry because if you are serious about learning then you will be able to develop over time and you will not be confused when you want to make profitable sales in the future.
Yeah one good thing about Bitcoin accumulation is that in as much as knowledge is concerned and very important it doesn't necessarily mean that a beginner most be very rooted in knowledge about Bitcoin before starting to accumulate but however what a beginner only needs is a basic knowledge about Bitcoin in other to start accumulation because I believe that since the focus is for holding we shouldn't dwell on having so much knowledge before accumulating because I don't think is too necessary.

And just like you said a beginner shouldn't focus too much on the profit making instead the target should just be on the accumulating process because having a profit making mindset at the beginning could affect you if realized the Bitcoin is not moving on the direction that favours you.