Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Kemarit
on 18/10/2023, 09:49:59 UTC
In other words, from time to time we will analyze our position and our assets and we might even start to determine that we can change our strategy because we have accumulated enough BTC... whether that happens in 1-2 years or maybe it takes 15 years to 20 years, this will vary from person to person regarding how long it might take for the person to start to consider that s/he has enough and s/he can transition from accumulation stage to maintenance stage. and sure maybe the transition will not be 100% clear because even if someone is in maintenance stage they still might accumulate BTC from time to time, but not be so concerned about accumulation because overall such person has determined that s/he has gotten enough bitcoin.
Am being inquisitive right now. So your saying that there might be a time when one feels he has accumulated enough bitcoin and would decide to only maintain the Bitcoin  he has accumulated. I am aware of people saying that accumulating Bitcoin has been an obsession to them irrespective of the amount of Bitcoin they have they still accumulate as much of it as possible since they have the money to put it in. Assuming someone is obsessed is it something that is wrong or it is good especially in this present time?
If only I could Pm so you teach me your ways  Smiley

Others might have a certain target though, let's say 1 BTC as this is what everyone is aiming to be a member of 1 BTC club. And for starter this is going to be very hard to accomplished, but for those who have been doing it for years, thru DCA and whatever strategy suit them, they could have been saving more than that. If you are interested, you can see it here:


https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

So you can see where you at right now as far as accumulating BTC. And I will agree that it's a never ending quest to acquire it. We might be selling at some point, but for sure you will want to get it back as soon as you can. I wouldn't say it's an obsession though, you still have to look at it as an asset that you will have to make some profits later.