Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Publictalk792
on 21/12/2023, 04:33:57 UTC
⭐ Merited by JayJuanGee (1)
Sometimes based on personal circumstances, cash flow circumstances or just getting caught up in the BTC (FOMO) hype, people will end up investing more into BTC (in kind of lump sum ways) at certain times, so there could be cases in which a person invested way more into BTC at the top of BTC prices in 2021, so then that person may well end up still being in the negative because they are having to make up for their having had front loaded their BTC investment at times that ended up being higher prices than they are currently.   Those kinds of mistakes do sometimes end up happening, and maybe some of those kinds of persons might end up DCA investing into bitcoin 3-4 years (or even more) before they finally start getting into profits.  Of course, no matter what there are not any guarantees that your BTC portfolio will end up in profits, even though many of us have certain levels of confidence that bitcoin is amongst the best of investments currently available, if not the best investment, and because of our assessment of bitcoin, we continue to buy into it, even if it might take a while for our holdings to get into profits (an might not ever get into profits if something ends up negativing bitcoin's positive investment thesis).
Mistakes like these can happen and it may take several years or more for someone to start seeing profits from their BTC investment. It is crucial to acknowledge that there are no guarantees in the market even though many of us have confidence in Bitcoin as a long-term investment. Despite our positive assessment it's possible that external factors could negatively impact Bitcoin's investment thesis. But if we believe in Bitcoin so definitely we will be happy after a certain.

But the thing is that if anyone is DCAing with time to time so this strategy will recover the mistakes which he/s made at the time of FOMO. If anyone invested on the top when Bitcoin was at $69000. And still DCAing so I am sure that he has recovered almost 80% to 90% loss and if he will hold and continue the strategy so he/s will be in profit when Bitcoin will cross ATH again.