Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
nara1892
on 18/02/2024, 19:58:45 UTC
⭐ Merited by JayJuanGee (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).

I understand that all investors have the goal of making a profit and indeed that is their goal of engaging in bitcoin accumulation but seeking or pursuing profits in an unbalanced way is an approach that I think is better avoided, I understand that anyone can get a large amount of profit when they dare to take a large amount of risk, but isn't that the same as completely ruling out the possibility of risk? of course, investing is not that easy and getting the profits they expect will not be as easy as turning the palm of the hand because the possibility of risk cannot always be avoided completely. This is what happens when one only looks at one side of investing, I'm not saying that you shouldn't prioritize profits because after all that's what we're here for but I hope that we don't get too careless when it comes to making decisions unless you've prepared everything thoroughly especially self-acceptance when the situation turns around where losses come your way.

On the other hand I agree with your statement @JJG where you are more directing someone's mindset to look at the long term which is actually more profitable than doing something they think is "right" like cashing out quickly, this is an investment where the future is what we see and we make the main goal in planning the accumulation of bitcoin that we do, I don't blame them but certainly with an approach like that it is clear that there will be a slight delay in profits when they withdraw too often while others maintain and they will see a significant difference in the amount of profit in the next 5 - 10 years and you can see which one is more profitable.