Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Hewlet
on 07/12/2023, 16:05:54 UTC
I don't think someone would want to sell their bitcoin at this time just because they are greedy for money when they are fully aware that the Bitcoin that they are holding can give them profits in the future.
yeah, that's true. A lot of people that sell off their bitcoin at this point do so because of pressing financial challenge that they have to meet up with at the moment. It's actually very difficult to hold your bitcoin at the moment when you are having financial crisis, it's even not reasonable to keep holding your bitcoin when financial crisis comes knocking knowing fully well that you could sell it out to offset your bills. And this is the reason why it's advisable to invest an amount you can afford to leave for a long time without necessarily being moved by any financial challenge that comes along the way.

It's also very necessary not to totally depend on one's holding as a means of wealth creation. That you've accumulated a certain amount of bitcoin shouldn't even be a reason not to go into other business or creating an alternative source of income. If you have an alternative source of income outside of your bitcoin holding, it will save you from unnecessary urge to selling of your holding in cases of unplanned problems.