Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 18/02/2024, 17:00:41 UTC
⭐ Merited by nara1892 (1)
I don't mean to be greedy in taking profits, indeed we have to be realistic but there is no harm in taking big risks for big profits, especially if we only use a small amount of funds to invest.

You are wrong.

There can be great harm from taking profits and continuing to pull out value and failing refusing to continue to invest and/or to let your investment ride, especially something like bitcoin...  and so you think that you are doing great because you keep pulling out your profits, and then when some guys might be receiving 10x to 50x or more in profits after 5-10 years, you might have ended up pulling out relatively low levels of profits and you are still struggling to build up a sufficient nest egg (or investment portfolio).


You might be suggesting that you are being greedy by taking profits, when instead you are short-sighted and scared and unwilling /unable to let your investment ride, and too busy gambling rather than investing.

You call what  you are doing investing, but you are not.. you are gambling. .because you have little to no ability to stay in, and probably you have lack of discipline and/or a lack of a long term plan. .and you end up getting scared at every little profit so then when you get scared, you pull out the measly profits... and yeah, maybe you made some money.. such as 50%. but when you really want to start to live 4-10 years or later down the road, you still are doing the same things and finding the hustle and you have not built up a nest egg.. so you might feel like you are the smartest guy in the room when you are living it up, but if you have to keep working until you are 70 versus the guy who might either be able to stop working early or at least be able to choose the quantity of his work, then you might feel that you either had not been stocking away enough profits and./or you were holding your profits in the wrong assets, currencies and/or properties.