Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Litzki1990
on 22/11/2023, 06:49:23 UTC
⭐ Merited by JayJuanGee (1) ,fillippone (1)
You seem not to understand were market analysis is being used, so however when you talk about investor to understand the market analysis, you are indirectly moving away from your major point of view because there is no relationship between investment on bitcoin on holding and being able to understand the market analysis before investing, so it seem a bit contracting from what you are saying.

But however weather professional or not investment on bitcoin doesn't require any analysis or perhaps you were referring to traders because they are the only ones that need market analysis but for for us we are focusing only on holding and not analysis.
Since an investor is investing in a long-term plan, he does not need to analyze much about the Bitcoin market before investing because he can see such changes in the market almost after investing. As trading is done in short term plan so before trading a trader should analyze the market but if investing in long term plan an investor does not need so much to analyze the market. Bitcoin market is now between $35000 to $37000, investing $35000 for a long term plan will not affect an investor's investment as much as $37000 will not affect an investor's investment much.

Although long-term investing does not require market analysis, an investor needs to have sufficient patience. We have to make our minds in such a way that we can easily take the general changes in the market. After investing in a long term plan, if the market goes from $37,000 to $30,000 even then we should not get excited because if we wait for a few days or so, we will see that the market has returned to normal levels. 
Holding Bitcoin for the long term is one of the great virtues of an investor, meaning that investing in money can usually be done by anyone, but not everyone can hold on to that investment for the long term. If we can't hold our investment for long then we should look at those who have invested more than us and who are investing more than us and holding for longer. Because if we follow them, we may be encouraged to hold our investment for a long time. 

It may be challenging for a new investor to hold his investment for a long time but if he can accept the challenge and hold for a long time then he will not have any problem in holding his investment later on.