Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Rabata
on 25/01/2024, 11:33:33 UTC
"The handwriting is already in the wall" for everyone to know and understand that Bitcoin is an asset that is worth buying and holdling for a long term as that's the only way bitcoin investors can experience an immense gain in acquiring bitcoins in their individual portfolios but it requires patience and consistency in buying bitcoin using the DCA before an investor can experience a milestone achievement.
Investors must realize that Bitcoin is not just a currency, it is an asset. When an investor is able to acquire a good sense about Bitcoin  then he can be a true Bitcoin holder. Buying low and selling at a small profit may give an investor a small profit, but long-term holders will reap significant gains. It does not guarantee but long term holders never lose. Investors be able to build an asset over the long term by doing DCA and it will also reduce the risk of an investors.

To hell with fiat as our major objective is to accumulate reasonable amount of Bitcoins in our portfolios and end the use of fiat as fiat has been the major cause of inflation and moreover the aim of Bitcoin introduction was in other to have a direct peer to peer transaction with another without a third party being involved before transactions can be performed (decentralization), third parties being involved has made transactions uneasy for people and they also set out limit of which one can perform in a single transaction but with Bitcoin you have the privilege to perform as many transactions you want without any limit or being deprived of how you wish to go about your money.
Bitcoin offers several advantages than fiat currencies and fiat have no ability to compete with bitcoin. One of the biggest disadvantages for a fiat is that it is controlled by the financial authority by which it will have limitation and restriction. There is no opportunity to use one's own money according to one's desire. Using fiat offers various restrictions such as choosing a third party to transfer your money and completing it within a specific time frame and long waiting times, which is not possible with Bitcoin. Bitcoin users are completely independent.