Post
Topic
Board Bitcoin Discussion
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
by
MusaPk
on 11/02/2024, 09:48:20 UTC
FTFY

There are mostly three BTC accumulation strategies, and for many folks they should not be all or nothing, especially if you are attempting to either mitigate volatility risk and/or to attempt to tailor your BTC accumulation to your own situation.

That is DCA, lump sum and buying on dips.  Of course there is HODL, also even though it does not really help to accumulate but it might remind a person not to panic in terms of selling at the wrong times, especially if in a situation of running out of money while the BTC price keeps dipping.

If you are accumulating bticoins then you need to bear all sort of price variations. You may face situations where bitcoin price may go down from your buying price and you start hearing traditional sounds like "Bitcoin is going down and will never recover". That's the test one has to pass if he want to HODL for long term. The real benefit of accumulating Bitcoin is to HODL it for longer duration and its where your patience is tested.

FTFY... As a reminder the comparison in your linked post is referring to past performance not future performance.

Of course by looking at previous price charts we can make predictions which can be true or false

I was super sleepy last night. Thanks for the FTFY