Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Litzki1990
on 07/11/2023, 04:05:56 UTC

I doubt that the line is as thin as you are making it out to be.  Sounds like you are a trader, even though it seems that your goal is to accumulate bitcoin, but if you are fucking around with your whole stash that would be pretty messed up.  We likely need a few more details regarding what are you doing once a month with these buys and sells and whether you are religious about it with a system and if you might have a main holding stash or if you are just loosey goosey about the whole thing. then seems like you are a trader.... but if you are ONLY playing around with less then 5% of your stash, then it might be a bit more ambiguous regarding what you are.. .. but you ahve to figure out how much you are holding. and it has to be more than 50% or probably even more than 90% before you are going to start to fall into the HODLer category rather than a trader category. 

The punchline is that more details are needed, and each of us might categorize these matters differently, even though I doubt that the line is as fine as you are seeming to suggest it to be merely because you are wanting to trade but still call yourself a HODLer.

My main goal is to increase my BTC count by maintaining 50% bitcoins 50% usdt. And depending on the price on the market, my pending orders change the state of the deposit - this can lead to a share of 95% of Bitcoin, and vice versa - 95% of USDT. Ultimately, the strategy still strives to make it 50/50. I understand that in this way, in a full market, I will not get all the cream from the price of Bitcoin, just as if it falls, it will not hurt me like those who are 100 percent in Bitcoin. How did I come to these views on accumulation? Since 2017 I have been a Bitcoin holder, I have waited and waited. And when the price became 65k, I didn’t even transfer part of the money to USDT. I believed that the rocket would fly further. But the rocket flew down. And I realized that it’s pointless to just hold it, market fluctuations can be used to increase the share of BTC, and at the same time not shake with fear over the schedule. I do not claim that the strategy I described above is correct. But I came to this, and these are my views. I gave you guys, my arguments. I'm a trader who doesn't trade much. I am a holder who sometimes buys and sells because the funds have to work.
You have been involved in investment since 17 years so there is nothing new to tell you about investment as you know all the ins and outs of investment. You invested in 2017 and still didn't sell your investment when the price of Bitcoin touched $65,000. 
After the price of Bitcoin touched the highest $65 thousand you felt that you should hold your investment for a longer time and you did. Since you have not sold your investment even after the price of Bitcoin has hit a record high, there is nothing to discuss with you whether your investment is long-term because you are a long-term Bitcoin holder. You should not think that it was a bad decision not to sell your Bitcoin when it was worth $65,000. I would say in the context of that time you made the right decision because the market was very positive at that time and the Bitcoin market was approaching $100,000 at that time no one could sell their investment even if they wanted to. 

We missed out on a $65k opportunity but better things await us ahead. The market is now positive and the expectation is that the Bitcoin market will touch $50000 in early 2024 and the price of Bitcoin will increase gradually thereafter and I have held my investment on that assumption. I am never disappointed in holding my investment because I believe that if I hold my investment I will definitely get good returns at some point.