Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
GigaBit
on 20/05/2024, 16:19:33 UTC
⭐ Merited by JayJuanGee (1)
I consider your mentioning of 6 months or one year investment plan in your narrative problematic and off as the thread only lay emphasis on a longer term investment plan of about 4 to 10 years or more of accumulating and holding Bitcoin with various strategies that suits such an investor in order to have a reasonable amount of Bitcoin.
By long term planning we must mean a long period of time. In this concern 6 months period can never be long term even if 1-2 years it is not long term either. In my opinion, we can consider the period from 5 to 10 years or more as long term. Moreover, Bitcoin holders are encouraged to invest for the long term as they will be there for a long time. They will have the opportunity to accumulate bitcoins for a long time by doing DCA. This will help the Bitcoin price increase as well as strengthen Bitcoin holdings. Not only this, a trader will get an opportunity to grow their investment in both bearish and bullish conditions during this period which is not possible for short term traders.