Re: Buy the DIP, and HODL!

The prerequisite for investing and holding it for long is to first build courage in your mind and develop the mentality to take maximum risk in the right place. When you have courage in your mind and inclination to take risks, you can invest and hold it for a long time.

Keep your investment for long term and set yourself a goal I tell you your investment will never let you down but will give you better than your expectations.

While you make a plan to hold and be able to get more bitcoins for yourself, many obstacles will come along the way to make sure that your target is missed. As you plan, make room for flexibility when necessary, so if your plans go sideways, or is being wrecked by challenges, you will only be bothered by change in plans, not a change in goals that you have set for your investment. Changing the plan happens, but changing the goal of investment should not happen except it is to set a higher goal.

The financial foals should be parted into two, short-term and long-term goal then only it is possible to achieve them one by one but most of the retail investors including crypto community set their goals longer but they miss to see the obstacles in the near future such as sudden changes in the market which will make them to panic and make wrong choices which will go against what they planned initially.

Yeah, but we are not talking about crypto here. Fuck crypto. We are talking about bitcoin in this thread, and quite a few of the long term principles fit with bitcoin, but if you try to apply the same principles to some vague bullshit ideas and who the hell knows what you are even talking about if you use the term "crypto?"

If you meant to say "bitcoin" then why didn't you in order that we can at least know what you are posting about? Are you posting about bitcoin or something else? You did not use the word bitcoin at any one point in your post.

There are people who still apply the principles of investing in bitcoins to every other cryptocurrency. It is a big mistake because due to the misunderstanding, so many people find themselves holding on to many useless cryptocurrency because they heard or read a certain advice to bitcoin investors to hold their coins as long as they can, so they think that it is applicable to cryptocurrency in general. These people are exerting energy to keep the wrong coin, and they will surely regret their actions when they learn their mistake.

I agree that we shouldn’t waste your time on anything other than Bitcoin. I believe that even if he showed himself poorly in the moment with the Ordinals, his price will fly into the sky in any case, even if it takes many years. Even then, it will be ranked as the number one rare cryptocurrency. Therefore, my faith in him is strong.
I believe that the line between a trader and a holder is very thin. Yes, it lies in the frequency of transactions in the market. But if I can buy once a month with a pending order at the lows, and once a month sell at the highs (rarely too) - am
For any beginner, there is no better strategy than HODL, and every time he enters the analogs of the blockfolio application, he will be glad of the green percentages, meaning that the price of bitcoin has increased. But if you want to increase the number of bitcoins in your wallet like I do, then you will be happy with any market movement - because if the price falls, it means you will buy cheap bitcoin soon. And personally, I like this state of affairs much more. And now people who panic at the declining price of bitcoin seem a little ridiculous

One of the most important things for a new investor is to first gain adequate understanding of investing. A new investor will be able to make good investment decisions when he gets enough knowledge about investments, and making the right investment decisions is a very important step in investing.

After an investor gets enough knowledge about investments, he will understand himself when he should invest and how long he should hold the investment.
Before investing, every investor wants to hold his investment deeply but due to market volatility, many investors get frustrated due to which many investors cannot hold their investment for a long time even if they want to. If an investor invests alongside his job, it is easier for him to hold investments deeply and increase the amount invested regularly. Temporary fluctuations in the price of a coin after investing is not much of a concern for a long-term investor. Since his plan is to invest his investment in a long term plan, when the price of a particular coin decreases relatively, the investor can increase his investment amount, which will result in a higher profit from his investment at the end of the specified period.

Those who have the ability should invest in long-term planning and increase their investment amount by understanding the opportunity and those who cannot afford to increase their investment after investing should hold the investment deeply.