Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy every dip!
by
Makus
on 14/11/2023, 21:11:50 UTC
⭐ Merited by fillippone (1)
HODL does not mean "hold on for dear life"

That was some no coiner gambler who came up with that characterization of HODL in order to wrongly imply some level of gambling and/or panic/stress that a HODLer needs to have."<<<<<<<

I wonder where they got the idea from that holding means "hold on for dear life" I mean how did dey arrive at this conclusion, though we know bitcoin is more of long term holding but how can someone hold bitcoin without having a plan from the start or along his/her accumulation journey, they say " if you fail to plan you plan you to fail" so a holder without a goal to achieve with his/her bitcoin by the end of their accumulation journey is either making investment for their children/next of kin, that is if they have his mnemonic phrase and private key or they are just making investment  to keep the system running if anything happens to them.

so the person is feeling pretty good about having had accumulated a whole bitcoin in three years, but feeling pretty bad because s/he had invested way more than expected into bitcoin as compared to the rest of his her investment portfolio

I don't think over accumulating bitcoin even after setting an accumulation target should make the person feel pretty bad because, having such a great bitcoin portfolio is the dream of many investors, both new and old, it should be consider a privilege because your having 1 complete original coin. Slowing down would be the worst option, why would any one reduce their bitcoin accumulation for any shitcoin?