Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Jchris50
on 10/02/2024, 16:36:56 UTC
There are going to be temptations to either sell or to stop accumulating BTC.. and there is ONLY so much anyone else can say to stop guys from doing that, and sometimes it does end up working out for them.. .. and so it could become even more difficult for someone who just got into bitcoin in the past 3-4 months since October 2023, but it may also be quite likely that their stash is way too small and even if someone front loaded his investment, it may well be problematic to try to employ selling techniques.. even though it is tempting.. and I cannot say when it might seem rational to start to employ such techniques of selling, even though historically I have given some examples of someone who might have had been into bitcoin for a few years, and not quite a whole cycle, and who did a lot of front running and even extra buying in the 2022 dip period, so there could be some cases where it starts to seem a bit more ambiguous when guys have accumulated a lot of BTC and they might have over did their accumulation in 2022,

so they have already justified shaving off some profits, even though BTC may well be in a very good bullish posture and at a later date, they may well be regretting their decision to shave profits... and so maybe that ties into why I frequently will talk about a kind of formula that is shaving very small amounts of profits and they are not being shaved in order to buy back, but then there is also a kind of presumption that the BTC allocation that they guy had reached is way more BTC than he needs, so he is not even wanting to buy more BTC, so that when he shaves off some BTC, he is not expecting to buy back.. so that is kind of the standard that I start to consider it acceptable to start shaving off BTC even when there is a quite large odds that the BTC price will keep going up.
You're absolutely right that there are a lot of different factors that can influence a person's decision to sell or stop accumulating Bitcoin. As you mentioned, the amount of Bitcoin a person has accumulated, the time they've been investing, and their overall financial situation can all play a role. It's also important to consider the market conditions and whether they believe the price will continue to rise or fall. And you're right that sometimes people can regret selling too early or not buying back in when the price goes back up. I think the main takeaway here is that everyone's situation is different, and it's important to do what's best for them.

I think you're right that for some people, the temptation to sell or stop accumulating BTC can be overwhelming, and it's understandable that they might want to take advantage of the gains they've made. However, it's important to remember that timing the market is extremely difficult and can often lead to regret. You're also right that someone who got into bitcoin more recently may not have the same outlook as someone who has been in it for years. The best thing to do is to have a long-term plan and stick to it, rather than trying to make quick gains or avoid losses.