Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 24/11/2023, 20:15:46 UTC
⭐ Merited by JayJuanGee (1)
Quote
Are you attempting to distinguish between someone who is just getting into bitcoin and investing versus someone who has been investing for a long time?  There's a difference.
True JJG, perhaps it is not very appropriate for them to measure the degree of difference in the time they have run in Bitcoin investments. Where early investors or those who have known Bitcoin for a longer time in 2013 of course they can buy at a cheap price. And for new investors or those who known Bitcoin this year they buy Bitcoin at a more expensive price but that only measures the entry level they.

The initial investor's investment journey might be better used as a combination to motivate us in our long-term Bitcoin investment journey. Buy aggressively or instantly depending on each strategy and all they need to do is balance your income and expenses to avoid disrupting they investment journey. I think many of the big investors from 2013 bought large amounts of BTC at cheap prices and they either immediately forgot about it or checked back in 10 years or 20 years. Yes they are billionaires now.

We cannot necessarily assume that people who have been in bitcoin for a long time have errored on the side of buying and accumulating BTC, and there have been a lot of mistakes along the way, including selling too many too early, and sometimes having regrets, sometimes suffering paralysis and sometimes getting back into accumulating at a later date, even if if they could have been much better off to have had not take a pause in their bitcoin accumulation journey.

Sometimes people need to go through some mistakes before they learn their lesson, and we have already seen examples of situations in which someone could have gotten into bitcoin in the last 4-6 years and to be doing quite well, but some of these people are also either not doing well and/or they might be engaging in earlier level accumulations of BTC in order to make up for their mistakes.   

Sometimes knowing too much about BTC can be a hinderance because we can get psyched out of buying more of it at higher prices, and so sometimes the people who are more newbies to bitcoin and investing may well end up passing up some of the guys who have known about bitcoin for a while but either failed to take sufficient and consistent actions or they might have sold too many BTC too soon and then their own psychology (and mental blocks) contribute to their thinking about bitcoin in wrong ways, including thinking that $100 per week is not enough, and they are too late, especially if they used to have 10 BTC and maybe since they have less than 1 BTC they might consider that they are never going to get to a similar level of BTC holdings again, especially if they ONLY can afford around $100 per week to buy bitcoin, but they think that is not enough.. which is true that it will not get them back to 10 BTC, but it may well still be the better (if not the best) of investment options that are currently available to them.

I have heard some financial shows and they do not even mention bitcoin as being part of the portfolio, which seems a very BIG mistake, too, so even people who are actively investing into bitcoin now and taking measures to get their finances (and psychology) in order are going to be in much better shape than those people who might not start investing in bitcoin for several more years.
Yes, that's true JJG sometimes they have bigger obstacles in their investment journey, whether it's selling too early or delaying buying. Sometimes I wonder why those who bought at high prices sell their Bitcoin holdings at low prices. Yes, we know that many of us buy dips and hope that big profits will come our way, but this is only possible for people who are patient and ready to go through many obstacles in their investments.

Yes, it happened to me that I made a fatal mistake in the previous years because I sold Bitcoin to gamble and that would be a valuable lesson to improve so as not to fall into the same hole. Revolution in adapting a new plan and experience is one of the keys to improving the situation for the future. Bitcoin has brought changes to those who are on the right path to becoming millionaires in the current era. For this reason, the journey of people who got to know Bitcoin earlier might be quite interesting to read about their history.