Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Frankolala
on 20/10/2023, 17:09:30 UTC
⭐ Merited by JayJuanGee (1)
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.

Those that are after quick profit in a short term are not investors but traders and that is why they have fail to have the insight of what investing of bitcoin for a long time can do to their lives. Why will one chase peanut, if you know that you are living now for the future. This is the reason why you must plan for your future by investing in bitcoin and hodli for long with regular DCA to keep on increasing the size of your bitcoin. Let me tell your something @Smartgold001, investing in bitcoin should be seen as you are saving for your retirement, so that when you are old, you can set back at look at your bitcoin investment portfolio and be proud of yourself that you took a bold step to investment for your old age. Bitcoin long term investment needs patience and discipline, since you believe and trust in bitcoin. This is the reason why you should forget about the little fluctuations in bitcoin price and don't sell to regret your actions later.

Using regular DCA and having a proper plan with a made up mind that you are hodling for long and using the easiest strategy, which is the DCA method to accumulate and increase your bitcoin investment portfolio gradually. It wouldn't be a crime or taboo is bitcoin is part of the asset that you can will to your child.