Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Salahmu
on 04/01/2024, 09:51:32 UTC
If I invest for the long term I will never care about the price of Bitcoin. That's why don't worry I am investing by following DCA method regularly, since it will be a long term investment so it will not depend on where the market will go. Only I will make sure that I continue my investment in DCA method. If I think about the benefits then surely greed will work inside me, and because of greed I may decide to sell my bitcoins, but the decision to sell bitcoins will be wrong. So I will never accept such a plan. 
I will invest my bitcoin for long term and that is in DCA method.
That's the spirit mate because the only way you can totally eradicate your mind from being influenced by Bitcoin price movement is by focusing on the future of Bitcoin because what always affect most investors is that there mindset is always on the possibility of getting profits on a short time, so perhaps one of the things about investment is having the planning and sticking to the plan no matter the unforseen circumstances that could arise because I have seen most investors who uses DCA as their method of accumulating Bitcoin but whenever they sees Bitcoin price increases above there entering points, the first thing that comes to there mind is selling there Bitcoin and waiting for the Bitcoin price to drop a bit so that they could buy again, which is actually bad for an investors whose intentions are for for long time holding because at that time they are no longer a holder but Bitcoin price chasers, so actually irrespective of using DCA in times of Bitcoin accumulation with the intentions of holding for long, there most be an intentions to stick to the planning and holding the Bitcoin no matter the unforseen circumstances thatay arises.