Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Miles2006
on 07/02/2024, 11:57:43 UTC
from what you're saying you may agree with me that between the earliest stage bitcoin holders and the recent stage holders, the earliest stage bitcoin holders has the tendency to hold much more longer than they have even previously held compared to the recent bitcoin holders who have just gotten into the market and have little or no experience of certain ups and down in the market from what earliest holders must have experienced.
This is right and sometimes experience can determine the faith of an investor, I can relate with what you're trying to say even if I haven't gotten to such level in terms of holding. We can't compare an experienced investor to some newbies who just started their early journey and each time the price keeps increasing or decreasing there's this urge to sell cause they're new to the market. Aside from bitcoin investment, the example you set out is common and I can agree that a lot of newbies could not reach their target due to the excitement or fear of the price meanwhile investors who started earlier could decide to hold regardless of an increase or decrease in Price.


Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of  the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

We can all agree not all investors have this faith of holding bitcoin for long term or rather some are just here to hold till they get an increase in the price and decide to sell.
In situations like this It doesn't necessary matter cause it seems they buy for just profit and nothing else. Newly investors who really want to buy and hold will not get over excited with an increase in price, I believe every one has a target for their long term holding and if working towards the line rightly you will definitely exhibit the habit of self control, like some newbies will ask how can I develop such characteristics of an experienced investor, this is just simple and all you need to do is learning from experienced investors who love sharing different ideas on their early holding for example JJG, as a newly investor it's advisable to always follow and read threads like this "dip and hold". I don't know why most people find it difficult to hold or maybe they lack finance for investing but in summary it's advisable never use the money met for something else to accumulate bitcoin.