Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Moreno233
on 22/04/2024, 17:58:09 UTC
⭐ Merited by JayJuanGee (1)
Also people need to know that there's nothing wrong to take a profit at this current situation since its normal for investor to take something when they need it. What's important is there's still a balance left so they would not missed another good opportunity that they could able to earn once same good situation will happen and bitcoin price would pump again then reach for another new ATH.
Your statement shows that someone just wants to take profit from his bitcoin investment just because the person feels like taking profit to sort himself out. This is why it is important not to invest all your money in bitcoin so that you will have enough money to take care of your financial needs any time they arise, and not to sell part of your bitcoin investment to sort yourself out. 
You know many people are easily carried away when it comes to investing in Bitcoin, they just get in without proper planning and when challenges of life hits, they start selling their Bitcoin to settle them. This is not how to hold Bitcoin for long as it will only keep depleting the already purchased assets. I have been in this situation before, where I have to sell my Bitcoin for something little funds would have solved should I had made provision for emergency funds. Naturally, I don't like borrowing, so when those issues came up, I had to sell my Bitcoin.

Now I have learnt how to add the concept of emergency funds which now make it easy for me to solve such problems without resorting to selling my Bitcoin. I think everyone who want to hold Bitcoin better and for long period of time must work out a way of investing such that their is always emergency funds kept for such needs.