Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Miles2006
on 29/03/2024, 17:59:19 UTC
⭐ Merited by JayJuanGee (1) ,Su-asa (1)
It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.

Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.

Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.

Yeah that's actually very clarifying, however I wonder why someone could even think of selling a large amount of his Bitcoin holding even if he has other intentions of using the funds on, however even if his intentions is to venture into other assets shouldn't be a reason for someone to sell a large amount of his Bitcoin because regardless of the needs or intentions to venture into other investment what should be mostly considered is the potential and how real it is, so considering all this things Bitcoin should always be the major investment for everyone because unlike every other investment Bitcoin has shown that is the best investment that can put a smile on someone's face in the future only if they hold.
Selling or taking out profit is something different from investing and both have a different strategy, buy and hold is different unlike the system when people buy with the aim of extracting huge profit so fast, this is not even appropriate from my opinion. Diversification should be done when you have a balanced bitcoin accumulation in essence you've reached your satisfied target before extracting for other investment choice. From my observation no one can fully invest in bitcoin 100% and it's not advisable so before considering diversification an investor should have a basic knowledge first.