Post
Topic
Board Speculation
Merits 9 from 4 users
Re: Buy the DIP, and HODL!
by
Humblevirus
on 22/03/2024, 22:09:53 UTC
⭐ Merited by Abu-Naim (3) ,Zaguru12 (3) ,JayJuanGee (2) ,Jegileman (1)
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
No one would just venture into market without them drawing their analysis to know when is the safe time for them to enter market or not, just as what happened recently when the market touched 73k plus and people with this mindset rushed to acquire more asset thinking this could possibly break out the market to hit 100k. But unluckily that was the worst entry from any trader although I can't still dispute that after halving we could still witnessed another new ATH but at this point those who already jumped into the market are just like people who jumped from fire to frying pan without any rescue except we have finished halving before the main bull run will come, at that moment investor can decides to take profits from every investment except such person has decided to hodl for decades.
The individuals who consistently attempt to gauge the Bitcoin market before investing are often short-term holders. In contrast, those who adopt a long-term approach may not focus as much on timing the market meticulously before entering. Instead, they gradually accumulate Bitcoin until their allocated funds are exhausted. Vigilantly timing the market can result in significant losses for some investors. This situation reminds me of a friend who has been timing the Bitcoin market since it reached $20k He now waits for the price to drop back to $15,000, hoping it will decrease even further.However, this strategy caused him to miss out on purchasing opportunities when Bitcoin was valued at $20,000, $30,000, and $40k. Yet, he persists in attempting to time the market even as the price drops to $50k


I am not suggesting that timing the Bitcoin market is inherently bad; indeed, it can be beneficial if one can buy at a low price. However, constantly trying to time the market, especially when planning to hold onto Bitcoin for the long term, can be a futile endeavor. In fact, because of this focus on market timing, some individuals later make attempt with the money they have plans for to invest in Bitcoin.