Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
I_Anime
on 10/03/2024, 23:10:16 UTC
Thanks for the calrity sir JJG looking forward to continue learning more from you and other users in this forum, and you are actually right that each person need to try to consider for himself, well as for me I don't think I would consider diversifying yet. I got some point I need to hit in my bitcoin accumulation before thinking of diversifying and same time accumulating bitcoin.

It sounds as if you have stopped accumulating bitcoin FinePoine0.  So does that mean that you have enough bitcoin?

You are not free from the trading mentality if you believe that buying and just sitting on it is going to be enough, and it sounds like you are just considering the point in which you are going to sell.. which also is not a long term commitment...

So yeah if you stopped buying, then you have already likely been losing opportunities because maybe you are either presuming the price is going to come down or you are planning to sell when the BTC price goes up, and then where is that going to put you?  Are you going to be better off in the long term or just some short term pleasure that you were able to get from "buying low and selling high?" which is also known as trading.
@finepoine0 the way you sounded is like you have stop accumulating, yeah is true that due to the recent movement those that are being holding are in profit also with those of us that started months ago. That shouldn't stop us from accumulating more quantity of bitcoin in our portfolio. Because I know you guys are aware that we are in profit due to the increase in value bitcoin undergo recently so our bitcoin quantities we have accumulated is still the same, but as increase in value as well, as bitcoin increase in value. So we should still try to continue our DCAing , because due to the time you started your accumulation, I'm not sure if you have been able to accumulate enough in your portfolio with such short period.