Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Moreno233
on 03/02/2024, 05:09:18 UTC
If the initial target is 1 year then focus well because 1 year is only a short time if you are full of confidence in what you have planned. Yes, after a successful first year of course the best option is to target the investment in the long term or for our future. Staying focused on your respective stances with purchases with a budget of $30 is certainly not a difficult thing to do, but yes, stay consistent if our target is long-term investment.
I think 1 year is such a short time for any investment be it Bitcoin or other investment classes. You can use 1 year to gauge how well you have done and do some forms of appraisal but setting any form of 1 year target to me seems too short. If you are to make investment in real estate, within one year you might have still been in the construction stages as erecting a building takes time. You can't expect any returns on investment within that period but after the construction phase. The same should be said about Bitcoin investment as 1 year is supposed to be the construction stage where you are building the portfolio, not expecting much but focused of accumulating as much Bitcoin as you can.

I believe that if people treat Bitcoin the way they will treat other investment classes, allowing it to go through the phases of seed planting, germination, nurturing and allowing the harvest season to reach, Bitcoin will definitely yield the expected returns. The only problem with many people is playing double standard with Bitcoin as they expect the profit faster than they would with other assets.

Personally, my target is 5-10 years for a start, this does not mean I will liquidate my entire assets within this range rather is is the period I set for myself for strategic and aggressive accumulation of Bitcoin. Beyond that, I will do appraisal and decide the best route to follow regarding my investment.