Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Taskford
on 09/02/2024, 09:47:22 UTC
and your profit will keep on generating more profit with timeline.
In as much as one believes in the existence of Bitcoin and as a coin worth investing prioritizing profits maximization over time without considering that things could go side ways can also be bad, irrespective of the fact that every business or investment is built on profits maximization, there can be loss too, tomorrow  they said is pregnant and filled with uncertainty being ready to accept that there can be loss too  and  even considering what the worst situation could be not just  looking at the profit side of it. This will give you  the emotional rest as you are growing your investment and don't forget the saying that don't invest more than what you can afford to loss.
Losses in bitcoin can always be recovered provided you don't sell off your position when there is a dump and bitcoin price is on a decline. This is one special quality that makes bitcoin very unique from other investments Yes it could be that there is a down trend and your capital invested is below what you invested, all you just need is patient and removing your attention off the market for the time being and never be tempted to sell off, as many weaker hands do. 0.5 BTC will always give you the same amount in dollars when the price get back to the range you bought it from. So when the price dump from where you bought from to another price level below it, you will only lose if you sell it. but if you hold it until the price get back to that level again where you bought from, you will get your capital intact and your continual holding will guarantee profit. Bitcoin was trading below $45k earlier this week and those who bought in this region before the dump to $39k and are still holding till now that bitcoin is  trading above $46k as at when writing this post have recovered their capital and are in profit. This is just to say that you never loss in bitcoin investment provided you keep holding your position.

That's how important that we familiarize bitcoin characteristic so that we will not get panic on the little drop happening since bitcoin would surely recover after correction happen.

For sure there's a lot of people learn something from past price occurred where bitcoin dumps so bad but now it recover at $46k and it slowly reaching at $47k anytime today. This mean that if we encounter some negatives on our portfolio we should not get panic since its just a paper loss and there's still a huge chance that we can recover that's why we should not get panic in those situation and continue to use bitcoin normally as if you want to invest or trade it.

We can see now how lucky those people who accumulate at $39k price since at short time span they are already gaining a lot especially if they accumulate huge volume at that time also there's big potential that they can even earn more from this since bullish run for bitcoin is I think bound to happen.