Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Churchillvv
on 21/11/2023, 01:06:55 UTC
So, don't assume that Bitcoin will give you profits quickly. To achieve big profits, we need to be patient and ready to invest in the long term. Buying aggressively and taking advantage of falling price opportunities allows you to profit more efficiently when the market becomes bullish.

I agree with these ideas.. except to the extent that you (ginsan) seem to believe that the long term causes a guaranteed that you are going to end up being profitable, which it does not.
This response of yours has now open and/or widen my horizons, because most people have created this illusion around long term holding of bitcoin as the messiah that guarantees 100% profit in future without rational thinking, just to prove themselves lovers of Bitcoin or thereabout. now making someone who is selling out their Bitcoin of any amount look foolish or something even though the reason for selling is quite convincing and underminding the fact that Bitcoin is over 14 years now that it could be someone's target of holding or someone who has hodl for about 10 years or thereabout could have been a long time holding for the so called person. Some people might sell out there holdings for some reason like health issues etc but constantly I see people judging from their subjectivity and/or biased views that it is only advisable to hodl for long time. The manner in which it's been discussed brings up this xenocentrism in people who might not be well grounded in Bitcoin or the forum itself to feel so low and/or disappointed in themselves speaking from an empathic view. In as much as am concerned the major reason for venturing into Bitcoin is for the sole aim of profit. Infact every investment is majorly for profit but although in the case of Bitcoin it not  about investment but other knowledge included. So considering long time holding doesn't guarantee profit.