Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Litzki1990
on 20/10/2023, 05:27:27 UTC
I am not in the same phase of my investment journey as the overwhelming majority of the population, including members participating in this thread.  An overwhelming number of the world including members of this thread is either in accumulation phase or pre-accumulation phase.  Even though I accumulate from time to time, I mostly went through my BTC accumulation in 2014, 2015 and 2016, and sure sometimes it can be difficult for any of us to know where we are at in our bitcoin journey, but I doubt that it is going to be very helpful to attempt to do what I am doing when it does not really apply to what you likely should be doing. which is accumulating bitcoin and tailoring your bitcoin accumualtion to your own circmstances.
I agree with your opinion that long-term investment requires patience and a level of foresight for those in accumulating Bitcoin. like the current situation where we have to adjust a larger budget to be able to collect 1 Bitcoin and that is of course very different from the history of those of your who bought it in 2014, 2015 and 2016 because at that time the price of Bitcoin was quite cheap and lucky for those who bought in large quantities big at that time.

Even so, we still stick to our respective positions because if we want to have some BTC in our portfolio, maybe we have to be diligent in buying every dip that occurs. DCA is one of the best strategies for long-term investment and can be applied in various situations. I mean if we miss one or two stages, we can cover the gap by buying aggressively in the next stage.
It is normal for a long-term investment portfolio to have a large amount of Bitcoin investments, but it is unusual for a deep investment portfolio to have a low Bitcoin investment.  When long-term investments are mentioned, the name Bitcoin comes up naturally. Now we understand Bitcoin as a long term investment. No one would prefer any coin other than Bitcoin for long-term investment. I have a long term investment plan of my own portfolio where I invest 90% in Bitcoin and the remaining 10% in some other coin in the market. Honestly I am trusting only Bitcoin and rest 10% invested in other coins I don't trust that investment but I have bought some coins to build portfolio. I believe the portfolio I have built around Bitcoin in the long term is the right decision for me and I will get a lot out of the investment because I believe the longer the investment is held in Bitcoin the more likely it is to succeed.