Post
Topic
Board Nigeria (Naija)
Re: Don't panic just hodl
by
AVE5
on 15/04/2024, 10:18:56 UTC

Well yesterday Bitcoin literally experience some dip , and I was excited ( because I see it has an opportunity to get myself some good quantities) while some individuals was out there selling their holdings, due to the dip which initiated some panicking. But I won't blame them though , because most people are just new in this space without any solid knowledge on how things work here , so due to that at any slight dip they would quickly sell with the fear that the dip may continue.

Even though at any chances the dip continues, it means you just got more lucky to buy the dip accumulating Bitcoin when there's decrease in prices. The reason most people do panic and endup making the wrong the decision, is because they have this habit of comparing bitcoin to other shitcoins they may have encountered, with the Idea that Bitcon may not recover from the dip like other shitcoins that experience dip without recovering back . Well the truth is that bitcoin ain't like those coin despite the dip bitcoin will always bounce back stronger.

So this is the time to keep holding and the same time  keep accumulating more bitcoin, and this is the week Bitcon halving going to take place, so this week may be bearish for some time, but still use it to your advantage in accumulating more bitcoin. And not selling your holdings. We are in the fourth cycle and base on recent events this cycle is going to be unique from the others (in a better way) and this the same cycle Bitcon ETFs got approved for the first time. And  Bitcoin also hit a new ATH before the halving , so this shows that Bitcon going to surge massively even more than we expected, (though there are no guarantees) , this upcoming bull market After the halving, is when alot of people will go to bed broke and wake up a millionaire. So what am just trying to say is don't panic just hodl. Wink

You might be right but what can you actually say in a situations of short term Investors who hodl til the bitcoin market cap was $75,000 and at the moment we're experiencing below $66,000 and while we expect the halving to come to a slash of bitcoin values, meaning to say more dip far below would strike bitcoin market.
Meanwhile those of Short time investors are emotional broken because they're already regreting why they never sold when the bitcoin price hitted the ATH while trying to consolidate with their emotions, the price keep on depreciating.
So at such cases, do you advice such investors to sell or keep hodling meanwhile they could watch the value of their assets falling which their emotions might not be able to console it further.
So do you advice they should ignore the price and assume all that are just drama's and hodl until the bull run? Because at at time like this,such categories of investor would being doubt to buy and accumulate more.
I think the best they could do is to hodl rather than buying to accumulating more due the the state of their emotions.

You can as well check this out and air your views too.
https://bitcointalk.org/index.php?topic=5492874.msg63946943#msg63946943