Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Yucky
on 05/06/2024, 05:54:58 UTC
⭐ Merited by JayJuanGee (1)
surely there are a lot of folks - especially newbie investors who may well take 10-15 years or longer just to get to a point that they are able to transition from BTC accumulation stages and into something else.  Yeah, it seems strange to talk about bitcoin as an investment that may well take 15 year or longer to accumulate, when bitcoin is ONLY barely older than 15 years right now... but still if someone comes into bitcoin right now and they are a new investor who is investing $10 to $100 per week, they surely may not be able to get out of BTC accumulation stages until more than 15 years down the road.
the thing is that the ability to accumulate Bitcoin from this period up to 10 years might seems too far for most persons but if you try to break it down into achieving certain amount of Bitcoin at the end of every year and then set an amount you should have brought by two years time and do same for four years time and so on, it's going to help you to accumulate your Bitcoin for the long term without thinking of selling it too soon even though you have seen profit along the way. Depending on how much you can assign as your weekly or monthly dues for buying of Bitcoin, even if it's just $20 per week, it's just to know that by the end of each month you should have gathered $80 worth of Bitcoin and by the end of the year you have bought $960 worth of Bitcoin. After achieving the first year plan, it can better prepare your mind to achieving the next year plan and by then your mind should have gained maturity and you can now improve on how you're going to follow up with buying your Bitcoin and even though while you started buying you possibly had some doubt, by buying for a period of at least one year, some of those doubt would have cleared out and you can comfortably make four to ten year plan from that point.

I think one reason why people make good plans for the future and don't end up achieving them is that they don't follow it up a step at a time, if you break your ten years accumilation plan into different stages of maybe two years interval, it's going to reshape your mindset and guide you to make better and informed decisions along your accumilation journey and if you are able to buy Bitcoin for a whole year without selling, you can always replicate that for the next year and then the next untill you've reached your accumilation goal.