Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Odohu
on 19/02/2024, 21:35:36 UTC
⭐ Merited by JayJuanGee (1)
Are you serious about this? yes, I like bitcoin but in my risk management calculations, bitcoin has high risk and the price is too volatile, it will bring big risk when I need funds suddenly, I don't want to sell my bitcoin when the price is low because of sudden need so having other investments that are stable is certainly important

Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
Aside Bitcoin there are other physical investment that could be worth our money especially when a person has enough resources to meet up his Bitcoin investment and the alternate investment.
We understand that there are other investment portfolios that one could consider outside Bitcoin but the truth is that our focus here is Bitcoin and how to make the most of it. There is therefore no basis for this comparison because even the forum is Bitcoin focused. Instead of the comparison, we could channel the energy on how to collect more Bitcoin as the future is already looking so bright.

Bitcoin would give profit same with the other but in the case of Bitcoin likely as you said, may not be able to get the opportunity of collecting back your profit at the right time at which it is needed due to the market experiencing a dip.
We are not actually considering investment for quick profits like trading which is what your post sounds like. As the title of the thread said, we are discussing long term investment and in that aspect, the dip is seen as an opportunity to buy more for those using lump sum or collect more Bitcoin for the same dollar value for those using the DCA method. Whatever be the case, a long term investor is not really perturbed by price fluctuations or dips because every market condition is an opportunity to accomplish something.