Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
teamsherry
on 02/02/2024, 20:02:48 UTC
When I was not using the DCA method, I was spending hours daily just monitoring the charts and checking if my assets are in profit. It was a huge pain in the ass as there was no day I will not want to login unless when I do not have the opportunity to. Just imagine how challenging this could be and the joy that will come with anything that solves this problem for me like the DCA did. Now I know better and I'm taking advantage of the knowledge I have now to be investing peacefully and comfortably in Bitcoin.
I don't think the rules and approach we have to give to long term holding would change based on strategy, although we can say DCA would continue to be the best as long as you want to make the best out of your investment and its not time consuming when you have to wait for dips or have to think the best time to buy bitcoin.
No matter the strategy used for accumulation as you have certain things in place like emergency funds, good reservations and a six months savings budget ahead of you even if necessary for every class of person casue we have established that buying bitcoin should be done at comfort although thigns like emergency fund is a constant if you dont want to end up selling your bitcoin holdings, we don't have to be in panic from the price changes in the Market we as long term holders are already at the advantage that bitcoin historically has done better and given holders profit from long term instead of short term.
IMO I think those that are in certain level of panic are ill informed about their stand as long term holders which is the fact that they stand at a better chance of making profits than a short term holder, just like real estate price increase over time, so is the same confidence I've decided to put in bitcoin.
If they continue to panic at price fluctuations it means they don't know what it means to be a bitcoin holder or they are still with very knowledge about what they are doing.
IMO long term holdings has already eliminated the place of fear and panic about the market.