Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Troytech
on 11/02/2024, 14:25:40 UTC
Snip

you shouldn't procicute yourself over selling some stash Wayback when there was an uptrend. at a point in every one's life there is that tempting sensation that make you feel to sell off, and you might end up selling some stash but that doesn't change anything from you. let by gone be by gone. what matters is how you where able to make some corrections and still keep to the rules. by now I know your wallet will be like a straw berry, waiting to chop off. LOLs

I feel real good about my whole system, and I don't even feel that bad about my mistakes - except just to sometimes realize how our perspectives change, and even when I analyze some of my past behaviors, I will sometimes see some of the behaviors, practices and mindset differently now as compared to when I was doing some of them,
That is exactly what am saying. In as much as we hold for long sometimes we decide to sell some stash and it is based on individual differences. because you have it and decides to sell off when you see the need for such. Afterall you have hold for a long term, of which not every one could even hold that long. They would have sold off. So the important of investment is to use it when necessary. and there shouldn't be a question towards it. Because HODL onto bitcoin is not hold forever, or hold into death. but HODL for a long term for future porpos. and it's your priority. Afterall you reaped the fruit of your labour and it didn't change the fact that your holding is still higher than the stash you sold. Where it could have been bad is selling of an unreasonable amount that will affect your entire holding. But checking the amount you sold then was just a peanut and wouldn't even affect the accumulating process.


IMO I think  it's also good investor should  have a purpose for  investing in bitcoin, cause I feel that one of the reasons that made you hold this long was because you had a purpose of investing and maybe on the long run that purpose changed and evolved into you wanting to always have a portion of asset and monetary value in bitcoin. Many investors have switched roles from long term investors to short term because they didn't have a purpose or reason to invest, some of them heard about hold and bough some amount of bitcoin and when the price soared they sold, and you would find out that it was never their plan at first but they didn't have any future purpose for investing and holding.

Our purpose for investing at times must not be something great, and no one would tell me he want to hold forever without selling sometimes to maybe get that dream car, he wished for something and some even invest cause they see bitcoin as a better way to store value.
Judging from sir Jay's last example of his friend’s that he sent some bitcoin and even advised them to hold and purchase more, the way I see it this people didn't have any any self generated reason to follow him on that path despite all the profits and reasons he showed them, so they couldn't keep up with holding and sold their bitcoins.

In conclusion to what I'm saying, I think it's a good thing that we have our own reasons or I can call it motivations to invest in bitcoin, even tho this reasons might change and we might want to hold or maybe even have a portion of our wealth always in bitcoin, having a purpose or reason to invest is a must if we must stay long term.