Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dunamisx
on 01/03/2024, 15:29:02 UTC
Taking profit from your bitcoin investment is bad. It is the same thing as gambling because if you sell your bitcoin at a high price, you will need to wait for the bitcoin price to drop to a certain price before you can buy it back. But if the bitcoin price keeps going high, FOMO can make you lump sum on bitcoin so that you will not miss out or you end up losing hope of buying back because the bitcoin price is too high.

Our investment profits is expected to be taken back into the investment capital in other to make it grow more bigger, when we are taking the profits out of the investment, this means that we are going to run short whenever there's poor market performance that we loose from the investment capital, so we have to learn by growing our business through our investment capital and profits altogether, this will only prepare us ahead of the uncertainty times when things failed to occur the usual way for us to make profits, at least we will have something to cover up with from the previous earnings over the investment.