Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
rachael9385
on 21/11/2023, 20:19:37 UTC
⭐ Merited by JayJuanGee (1)
After investing, one can continue to learn more, but this should not impact the fundamental thing that each investor does in the long run. hodl for a long time and sell at a later profit after the bull run.

I would hate to imply that anyone should be thinking about selling all of their bitcoin, because then the just get into fucking around with trading and trying to figure out when to get back in if the goal is to continue to hold bitcoin but just to buy more cheaper... and so if you end up being 5-20x in profits then why would it matter so much if you trim off 10% of your holdings at 5x or 20x.. or maybe you figure out some way of managing your holdings so you never really end up selling all of it, even if there might be some periods in which you might choose to sell larger portions, such as 30% of your holdings (which if you are greatly in profits might constitute several times the amount that you initially invested).. so why sell it all, unless you are planning to die soon?  if you do sell it all, then where are you going to put it that would be better than being in bitcoin?
I haven't kept my eyes off this discussion, no matter the fact that I am not always here to discuss, but I read every line of each comments on this discussion.

However, it is a good thing not to sell all the holding in the wallet. Selling the whole BTC in the wallet is not a good one. Moreover, what is the essence of holding the BTC when the investor still sells them all at last? Although the investor might have gotten some profits, it is still better not to sell all the BTC in the wallet.

If an investor sells 50% or 70% of the BTC in his or her Bitcoin wallet, I don't think that there will still be enough Bitcoin that will suit the investor (no matter the achievements he might have gotten).

I think the other aspects of Bitcoin are to pass over to the next generation, mostly those that are aged. So, even if an investor wants to die and the investor already knows, then there is no need to sell all the BTC he or she has, but it will be good if the investor passes it on to his or her child that already knows what Bitcoin is all about, even if it is a little knowledge that the child has.

As I am the type of person that wants my family to know what Bitcoin is all about, if I am in such an aged position, I will just give my BTC to someone in my family that knows about Bitcoin, because even if I don't, I can not use it to do anything in the other part of the world.