Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Frankolala
on 18/06/2024, 18:38:02 UTC
Yes as long as Bitcoin investment is concern we don't only need to hold and wait but we should just keep on accumulating more and more Bitcoin until we are satisfied with the quantity of Bitcoin we have accumulated not in less than 3 years below but 4,5 years and above, we can buy more Bitcoin using both DCA method and the lump sum strategy which will help us accumulate more Bitcoin in a long run.

Am not sure of qwhat you meant by being satisfied, nor do I think other investors who consider the future would use such word. I am very sure that no one is ever satisfied with making more money (even the world's richest people), so why should we be satisfied with making investments?. The continuous use of the DCA strategy for at least four years, before doing whatever you want to do with it doesn't mean someone is satisfied. There might just be a very important project that has been sidelined, with the intention of making use of the investment after at least four years.

In another sense, if your portfolio happens to be very high, but you keep getting extra personal funds, then you should continue to invest. Or do you prefer to waste your extra funds just because you feel your accumulation portfolio is satisfactory enough?.
Yea, the word "satisfy" depends on the individual bitcoin target that he feels is enough for him to acquire based on his own discretionary income in which he is using to buy bitcoin. However, I feel that anyone using DCA strategy to by bitcoin for as low as $10 might not get to the extend that he will say that he has enough Bitcoin until maybe 30yrs-40yrs time.

So considering the word satisfy, it depends on how old that you are and for how long will you continue building your bitcoin portfolio with the amount that you are using to DCA regularly based on your discretionary income. A rich guy who is ready to invest in bitcoin using DCA regularly without missing will have a high chance of reaching his bitcoin target because he has all the resources he needs around him to make it happen fast compare to someone that is an average earner.