Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 30/01/2024, 08:19:50 UTC
⭐ Merited by JayJuanGee (1)


--Snip--


I was actually thinking about what you posted, and you may be right. Perhaps it shouldn't be how much a person could purchase now, and chase life-changing gains. Bitcoin is more about self-sovereign ownership of our own assets, freedom, and censorship-resistance, NOT entirely to get rich. Although getting rich and doing that with Bitcoin would be nice.

Remembering the ethos upon which the foundation of Bitcoin was built on, then DCA, buy at any price NOW if you can is probably what people should do.


Your first paragraph is especially a good framing Wind_FURY. 

In that regard, bitcoin provides us with a lot of various kinds of empowerment that is not merely about getting rich - even though getting rich seems to have had historically been an additional benefit that people have been receiving by building their BTC stash and mostly HODLing their BTC stash through many years.

Some people only come for the get-rich part of bitcoin and they are focused on the getting rich part and not even giving any shits about the empowering part, and surely some of these people will evolve in their thinking and understanding of bitcoin, but some of them will never get over the mere monetary focus, which I suppose in several senses if still valid, even though it is incomplete and somewhat superficial way of thinking about and understanding bitcoin... ..

even though as long as we keep building and holding our BTC, we can have very good chances of being able to end up doing both, too.. whether our original intentions had been exclusively on one or another, it still seems that both will continue to play out in the coming years.. and there are some who even say that it is inevitably based on math, even though many of us realize that it is not inevitable, yet bitcoin is a pretty amazingly designed system.. that is likely to persist and even to go up in value, which surely makes it more beneficial to any individuals to be sure to employ consistent, persistent, ongoing and perhaps even aggressive (without over doing it) accumulation strategies.


I'm guilty of that. ¯\_(ツ)_/¯

I started my journey through "trading" shitcoins thinking I would get rich, lost some of my savings, then I made the decision to put almost 100% of my savings until 2019 into Bitcoin. It was greed that attracted me here, but as I researched and learned more and more about "my investment", it stopped entirely being just an "investment", but it also became a back up/fall back in case the entire financial system fails/in case I need censorship-resistant transactions if we end in a world of CBDCs

We should stay for the ethos.