Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
adultcrypto
on 29/12/2023, 19:04:18 UTC
If he and you start at the same time as time and Bitcoin amount and holding rate, I think his and your success rate will be the same.
It's that simple, I found the answer during my time with Bitcoin.
This is under ideal situation which rarely happens. Everyone have his calling, his approach and indeed his uniqueness. It is practically impossible to see two people start off with the same amount of Bitcoin, same day of buy and hold in the same manner. Most likely one would have sold while one would have added more Bitcoin. These things are personal and the moment we try to copy others or become envious of them, then we are set to sacrifice our peace of mind.

It has been abundantly stressed that we should start with such amount that will not make us to panic, an amount we can comfortably set aside without it affecting our basic needs. This is the only way to HODL Bitcoin. Many people who ignore this simple rule have to sell their Bitcoin when they did not plan to just to settle personal needs.

Another thing I consider dangerous which many little investors do is to be jealous of those who started when the price was far cheaper or those who have big capital to invest into Bitcoin. The amount does not matter so long as we are intentional and focused on the bigger picture which is continuously accumulating Bitcoin and holding it for several year, it will surely get bigger and better.