Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Litzki1990
on 19/12/2023, 07:04:46 UTC
⭐ Merited by JayJuanGee (1)
and HOLD BTC is the action you should choose
As believers of bitcoin, the most important lesson we were all given was how to become long-term holders of bitcoin in order to become profitable investors. If we can accomplish that, our bitcoin holdings should have generated returns for us in the future, depending on the duration of our bitcoin hodling decision(months, or years). 
When I first invested in Bitcoin, I didn't know much about the positive aspects of holding Bitcoin for a long time. I had no such idea when I was new so may be the same problem for those who are new investors now. I feel that learning to invest in a long-term plan was the turning point in my investment life. If I didn't know that investing in long-term planning is possible, my investing might have been a bit like trading. Just as trading involves buying coins low and selling them high, I might have bought bitcoins low and sold them high. Now I know about long term investment so for me long term investment is more priority then trading or other things.  

Every new member knows how difficult the beginning was for them so we should help new members to make the beginning easier for new members. What to do in the long-term plan or what kind of steps an investor should follow in the long-term plan should be discussed with an investor in advance. Patience Belief Maximum Risk Acceptance All these things should be sufficient for a new investor who wants to invest in Bitcoin for long term.  

There are some investors who invested in Bitcoin with a long-term plan but they currently sell their investment at a small profit. This happens to many, but to those who do, you are not investing long-term, you are trading. I believe that once people get a taste of long-term investing, they will never invest in anything other than long-term planning.