Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tungbulu
on 08/05/2024, 02:53:47 UTC
[quote author=JayJuanGee link=topic=5132720.msg64045150#msg64045150 date=1715103987
And so with my own situation, I came into bitcoin thinking that I was going to hold whatever I bought for at least a year, but most likely at least 2 years, yet these days I think that many of us know more about bitcoin, and any new investor should be able to commit to investing 4 years or longer.. of course, people are going to be scared and even some of them want to try to play the wave that is likely less than 4 years, and so I consider those folks to be traders and/or gamblers rather than investing, even if some of them might end up changing their minds and decide to stay longer.. just like I continued to stay longer rather than ever making any radical moves to sell large portions of my holdings.. which also could be considered a bit of controversial stance - since we know that in 2018, the correction was in the ballpark of 85%, so that can cause regrets from a lot of folks in terms of not having had sold much or even any BTC during the earlier price rise.
[/quote]
It's always very important for investors to have a long-term perspective when considering Bitcoin investment because that's when one can really reap the actual benefits of Bitcoin.
With how impatient most investors who join the market today are, it's very easy for them to get caught up in the short-term market fluctuations and FOMO, but oneuat commit to a longer investment horizon when investing in Bitcoin because thatt way, you can be able to ride out the market volatility while focusing on the long-term trajectory and potential of Bitcoin.

The experience you've shared about yourself of initially hoping to HODLing for just a year or too but decided to consider a longer term of 4 years or longer investment horizon is a road map to how investors should perceive and embrace Bitcoin investment.