Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Taskford
on 24/04/2024, 08:31:07 UTC
Wether they take quick profits or not Bitcoin still remains, it's all by choice and how we view from our perspective, each investor knows what's suitable and good for him because the needed funds used to invest was raised by him, despite all these happening, we only just advise investors to purchase/ keep on purchasing Bitcoin, restrain from selling and continue to hold for the long run in order to maximize the profits and store this wealth for a longer time.

Emergency funds are compulsory units in the process of accumulating Bitcoin that should not be neglected, life is full of unforseen circumstances that may come either at the appropriate time when funds is surplus or not, during this point in time a persons emergency funds will step in to resolve that issue instead of altering one's investment portfolio just to solve the need.
But unfortunately, not many Bitcoin investors can determine when they will take their profits. Many of them cannot wait patiently for the price of Bitcoin to increase very high. Most of them are still consumed by the issues raised by unclear news.

They will panic and make decisions without thinking twice. They cannot find more information about the situation that is happening so that they make instant decisions. For those who can still be patient, they can see when they can sell their Bitcoin and take the profit.
I don't have a problem when people who have gotten to their maturity date in bitcoin investment decide to sell part of their bitcoin, provided they are not going to sell off everything and have no bitcoin in their possession. But selling off your bitcoin possession due to panic and uncertainties is really a bad thing and there is no profitability in that. Know it fully well that there are those who specializes in spreading fud so that market will go down paving the way for institutional buyers to come in and buy bitcoin cheaply.

This is supposed to be what we aim for since it should be nice for us to do some good decision in regards on our holdings since once we reached on its maturity date or target date when to sell then we supposed to do some actions. If people are already fine with figures they see and they are ready to sell then for me its fine since that is the target we set and as long as we gain profit then everything is good out our end. But after those profit taking we should do our next plan since its good to repeat this investment since we already see a lot of good thing happen and its been tested for many years that bitcoin is really a good investment for long term that's why if we want to be happy and gaining for something in future then I guess its good to have good start again on bitcoin then do DCA again to gain profit for next 4 - 10 year cycle again.

Selling our bitcoins out of panic will never bring any positive result to us that's why its important for us to know certain changes that might happen on the market so that it can strengthen up our believes that this good cycle will continue to occur for more years of existence of bitcoin. So if they continue gain knowledge for sure they will never get affected by any fuds but rather they will focus to build up their portfolio and how to be more successful in future by help continuous accumulation and proper execution of their DCA strategy.