Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
teamsherry
on 23/03/2024, 23:22:22 UTC
⭐ Merited by JayJuanGee (1)
Comrade Someone once asked one Warren Buffet, when is the ideal time to sell off your investments. He replied, never.

A solid investment that is good enough to buy today is good enough to keep forever.

Bitcoin  collection can yeild high returns, however, that's not how we should be approaching the whole hodling strategy
Yeah hodling Is the goal here, because bitcoin as the potential to keep on growing, ( though there's no guarantees) but still we'll believe so. So having the thought of selling your bitcoin won't be smart at all. But there's some point you can decide to take some profit from your investment , when you have gotten far with your accumulation , so if you have gotten to such point this would be helpful JJG Sustainable Bitcoin WithdrawalStrategy
Yes, you are right. Hodling is the goal of investors so that they can get maximum profits and can expand their profits. But some people try to sell a small portion of Bitcoin to take advantage and that is fine because it might be a plan they have prepared beforehand. But they still keep most of their Bitcoins and carry out DCA to add more Bitcoins.

Each person must have their own plan and if you haven't made it yet, make it immediately before everything changes and you are really too late. Investing in Bitcoin using DCA is a good plan so that we can have peace of mind in investing the money we have but of course, we have to learn more before making a decision.

I think we shouldn't misunderstand Jay's substainable withdrawal threshold, it's not for ealry investors just starting out their investment journey and having a sell plan so ealry in your investment journey with an aim of trying to buy back is no different from trading, what if the price you sell and busy expecting a dip to happen never comes or takes too long to happen. The idea here is to keep to accumulating bitcoin for more than 10 years for someone who is well at his youth and maybe up to 4 years for someone starting out late in his investment before we can start thinking about selling and applying Jay's strategy to know how much is good to withdraw that would sustain your bitcoin portfolio.