Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 10/03/2024, 12:55:32 UTC
What is expected of us as bitcoin holders is to keep hodling our bitcoin in our portfolio and never to sell until bitcoin reaches our speculated price before we can be able to sell some part of our bitcoin holdings.

That right, We also have to think rationally when holding BTC coins and don't be quickly influenced by liking other coins when they go up, continue to exchange them for our BTC to hold the damn coin and that at any time can be a disaster for us because we don't know about its future even though it exists which says we will get double the profit when the market recovers.
That's right, you can choose another altcoin with a price and capitalization that is still low so you can get extraordinary results in the future. However, you still have to stick to Bitcoin.
Diversification is very important to minimize large losses.

In as much as diversification is very important as investors but choosing altcoins for the diversification is not ideal because let's not be moved because of the possible profit you feel you could easily get from diversifying into altcoins but you should also consider the risk of diversifying to altcoins because we have heard about so many altcoins that people invested and at the end they lost there money, so the only investment I trust and believe is only Bitcoin, so perhaps you could as well diversify some of your funds to some other method of accumulating Bitcoin if you have enough funds, @JayJuanGee has explained so many method to use in terms of accumulating Bitcoin, perhaps you could go through the previous post were is being explained.