Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
teamsherry
on 30/01/2024, 23:49:44 UTC
If there is no different funding then Bitcoin will be held off for a long period of time.

If there is no emergency funds available there is no way you can hold your bitcoin for a long time. That's it has been emphasized several times that for you to hold bitcoin for long as an investor make room for emergency funds.

An emergency savings is not what we should use to play when we really want to hold our Bitcoin investment over a long period of time. A lot of people always have plans to hold their Bitcoin for a very long period of time, but because of emergency savings they lacks side is what makes them sell their Bitcoin or sell part of their period when the problem arises. So for a smooth Bitcoin investment, we should always know that emergency savings are always necessary, and we should alao be trying to continue saving for emergencies that may arise in the future and as we continue accumulating more Bitcoin.
 


Yes indeed saving for emergency cannot be neglected as an investor especially if you do not want to sell your assets out of emergency events, this could be anything it could be an unforseen accident, sudden expense of anything that could tempt you to touch or tamper with ur bitcoin holdings. And this is something that we must avoid as bitcoin holders.

If someone is afraid of the dip, how will you see profitability in bitcoin. If you have been in the crypto for long, you will understand that dip is one of the most interesting time in the market. Dip gives you the opportunity to gather more and position yourself. Yes I know everyone loves to see the green candles, than the red candles, the beauty of the market as an investor is when you see the dip as an opportunity instead of seeing the fear that others are seeing. Remember if you don't buy the dip you can't sell the top. Those who are scared of the dip are newbies. Without dip there won't be much profitability in bitcoin investment.
IMO, bitcoin dip would only favour those that take advantage of it, and whilst people fail to take advantage of bitcoin dip is cause they fear that would lose money, if the down trend Continues but they dont also think in terms of long term holdings where you don't have to bother about price fluctuations in the market but see each cycle as an opportunity to gather more bitcoin for yourself and even gain greater rewards, bitcoin price has been progressive historically and whist we cannot predict the future bases on past performance we long term holders have a greater hope of making profits than traders or shot term investors.