Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 20/10/2023, 08:34:06 UTC
Even if you reframed it as "profit booking" we are still not talking about that here in this thread.  If you have a long term plan of buying BTC, then it likely is not going to matter if you continuously bought even at tops, because maybe some of the shorter term folks might have 4-10 years, but some of the longer term folks might have 15, 20, 30 or 40 years in which they are either accumulating and/or maybe getting int maintenance stage that either leads to liquidation or maybe when in maintenance stage for a while, then shaving off bitcoin here and there becomes one of the options and the person is not getting distracted by dollar nonsense of "booking profits" because all of his coins are profitable..

and yeah some of the BTC are more profitable than others, but why would it matter if s/he is shaving off 0.000001 BTC at a time when BTC prices might be in the 7 to 8 digit territory and most of his coins were gotten in the 4 digits and the lower 5 digits territory....and so maybe even some might end up getting sold in 6 digits rather than 7 or 8 digits, but still when we are looking at potential for magnitudes of BTC price moves within the timelines of some of the current BTC accumulators, why would s/he want to screw up his/her whole BTC accumulation by fucking around with taking profits in dollars when the whole weight of value may well end up hinging upon accumulating BTC and not running out of them too soon.
Do you really think others think of what you do or what you think maybe your general overview about bitcoin progression? This why most people doesn't care about their investment plans but rather what they think of is their profits as they want to utilize and maximized the profiting aspect of it rather than keep holding for a long term, even though most people here keeps yelling about the hodl hold we know that at the back when the price became much eyes appealing they might got tempteyand push out some of the fractions they felt is worth disposing at the cost of profit booking or profits utilizations.
Actually this thread always talk about the measures on how everyone including the beginers who doesn't have much idea on Bitcoin to navigate to other accumulation pattern that would be best suitable for them using DCA method and with plans of holding it for long.  perhaps one of the reasons why we are emphasizing on holding for long is that considering how volatile the Bitcoin market is a good profit is likely to only be seen in the future if you hold instead of chasing the price which could result you of lost of funds

But however it depends on every individual to do what they feel is right for them in times of accumulation and holding, of course just like you said even after hearing all the strategies and possibility of what the Bitcoin price will become in the future most persons will still panic if seeing the price peak up and could be tempted to sell.

But however those people that sees every slightest price peak of Bitcoin and decided to sell some of there holdings are perhaps not a holdlers but could be reffer as panic sellers who is uncertain about the Bitcoin future and decided to take some profits.