Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Faxmate
on 24/10/2023, 17:09:10 UTC
⭐ Merited by JayJuanGee (1)
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
Yes, that is what he is telling there. It's interesting but it's true that Bitcoin can make someone obsessed with it. I've seen threads like that here in the forum. It was only a bad thing because it is not different from being addicted on to some other thing/s. This might be one of the disadvantages caused by investing (not only limited to BTC) so we shouldn't worry.

I understand on why people are being greedy with it, it is because the more asset they have the more money they can get once they sell it at its peak price. We should start to set limits. Not only that it can cut the risk but it can also help our mental health stable and free from issues.