Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Bloodseekers
on 04/03/2024, 01:48:15 UTC
Yes, you are right, not everyone who bought Bitcoin in 2022 is still holding their Bitcoin until now and even if there are, they may have sold some of what they have for various reasons. To be able to hold a certain amount of Bitcoin in the long term certainly requires good planning. and also we must have an income that can meet the needs we need because if we do not have good planning and a steady income then it is very unlikely that we will be able to hold on for a long time.
I made a small investment in 2022 which I am currently investing in DCA method. I didn't let myself get greedy on this little bullrun, up $64k a couple of days ago but I didn't sell the investment. I expect Bitcoin to exceed $100k after the halving. If I don't need money urgently during the bull market in 2025, I will not sell my investment, I will hold it for 2030 plus period.
If you have started investing in Bitcoin since 2022 and until now have used the DCA method, of course you have a very good understanding of how Bitcoin works. We can see that when there is an increase like a few days ago, you can still restrain yourself from taking action. which will indeed make you miss out on the bigger profits you can get in the coming year, but if you still choose to hold on until 2030 and keep adding to your investment, of course you will be able to easily achieve what you want from the investment profits you get.