Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
mirakal
on 20/10/2023, 11:02:28 UTC

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.

Panic sellers, in my view, are individuals who sell because they're afraid of potential price drops. This behavior can be quite negative, as some people sell simply to minimize their losses. On the other hand, when someone decides to sell a portion of their holdings, I consider it a reasonable decision, a way to reward themselves. However, it should align with their overall investment strategy, and not be an impulsive move.

From the very beginning, we should be well aware that Bitcoin experiences price surges during bull runs. Such situations are not new, and we should already have a strategy in place.

For me, investing for the long term and selling when I see some profit is acceptable. I have no trouble with that, as I have a portion of my investment earmarked for long-term purposes. This part of my investment could either yield significant returns or face losses, but the likelihood of Bitcoin failing is rather slim. While altcoins may be more volatile, Bitcoin generally tends to endure, making us feel like we're on the winning side, despite the inherent risks.