Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dailyscript
on 24/04/2024, 09:28:14 UTC
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.
But i do have a problem with that. As a potential investor the length of time we hold our Bitcoin before selling, the more chance Bitcoins price has to increase in value aligning with the idea of long term investment. Investment maturity of 2 - 4 years in Bitcoin in my opinion is not comfortable for me to sell. If you have the privilege's of owning 1 Bitcoin or any amount of Bitcoin why choose to sell?. Anyone considering to sell there Bitcoin should think twice before selling. Because big companies are into Bitcoin investment after the ETF approval and the circulation supply of Bitcoin is low that it cannot be available four everyone, once an investor choose to sell, there big companies are waiting to steal it from such investor and it will be difficult as well as it will take a long time to get back that amount of Bitcoin again.

We all know how it wasn't easy when we started accumulating our Bitcoin, going through bumpy ride, no matter how high and how low the price goes we maintained consistency because of the reason why we originally decide to buy bitcoin and that same reason made us HODL. Selling to take 10% of profit is okay but selling off my bitcoin is something i would never do at least not today.

Infarct most of these investors sell their Bitcoin profit to fiat and start holding fiat which is quite not ideal to me.