Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Publictalk792
on 04/03/2024, 01:54:16 UTC
That's right, I also agree with that, maybe there are or even many investors who plan too early about the long-term accumulation they want to do on bitcoin without thinking first from various angles about whether they will be able to be patient for that long or not, it's very clear that definitely there will always be or even many temptations that look very tempting, such as the condition of Bitcoin which has experienced quite a good increase which indirectly interferes with their confidence and patience to maintain accumulation for longer according to the initial planning, and usually in terms of worries it can also be very disturbing, especially when Bitcoin experienced a fairly significant bearish phase which ultimately made them feel worried. But actually, this is a normal thing because investment is always about profits and losses, where feelings of happiness will arise when your assets experience rapid growth in terms of profits and there will also always be worries that we will feel in several situations. Therefore, of course, maybe I would also agree with your idea above that it is better for us to focus more on consistently maintaining the plans we have made before rather than taking profits too early just because you are too "tempted" by what you see, which means Patience can sometimes be more profitable, but on the other hand we also need to be careful and vigilant in the journey.
I agree with what you said. It's very important for investors  to have a good plan and stick to it. Wanting to make money fast and being scared of missing out on profits can make people make quick decisions that don't match their original plan.
To be successful in investing it's important to think longterm and be patient when the market goes up and down. It's normal to feel different emotions, like excitement when prices are high and worry when they're low. But it's crucial to believe in the research and plans you made before and not make quick decisions based on shortterm changes in the market.