Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
teamsherry
on 15/03/2024, 00:54:52 UTC
⭐ Merited by JayJuanGee (1)
Yeah I gat this point correctly,  that is having a certain level of preparedness in terms well planned funds allocation and being much ready in taking the necessary measure as regards to balancing up with your investment in terms of when the price is goes down  and when  the price goes up in order to ensure you are accumulating good size of Bitcoin in your portfolio and seeing that your overall is in profits, that is true when an idea investor takes an appropriate measures in his accumulation process he has the rest of mind needed to grow his asset.

There likely will be times in an investment that it might not be clear whether progress is being made - especially a guy might be continually buying, and maybe even over 6 months to a year or even more, it seems that the value of his investment is going down rather than up (as measured in dollars), so he could become disoriented and disenchanted by those kinds of dynamics - but at the same time, he might see that his BTC stash size is continuing to go up and maybe even his cost per BTC is continuing to go down, which should cause him satisfaction even during the seemingly tough times that might not even be clear if they will resolve - since we also know that there is no guarantee that bitcoin will recover from every crash, so we have to be prepared for those kinds of possibilities, even if we still assess bitcoin as amongst the best of investments (if not the best of investments).

IMO for us not to be discouraged in hard times when the price of bitcoin is getting low, I think it's better we focus on the size of bitcoin stash and how much we are going to accumulating than beign bothered about the price of what we have compared to when we bought it, cause if we Continue buying even in hard times we would end up getting more bitcoin and eventually balance our total average buying price and it would not even seem that high anymore.

But the problem is that most people love to monitor their investment or are emotionally attached to the price of their holdings and they don't feel good when the bitcoin price is getting low, so instead of taking such low price to their advantage, they might end up in a stage of frustration and delay on buying or would not be very motivated to buy much during that time and end up missing out on good opportunities, that's why as early investors we should not be bothered or moved by market conditions and focus more on accumulating cause that is our only goal.