Ninjastic
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Re: Buy Bitcoin, and HODL!
by
I_Anime
on 19/06/2024, 08:37:45 UTC
Quote from: Lidger on Today at 06:14:42 AM
Quote from: Adbitco on Today at 01:43:56 AM
Quote from: Frankolala on June 18, 2024, 06:38:02 PM
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.
A question to ask does someone really feel satisfied while holding Bitcoin? To me I will simply say no because as long as the cash keep flowing you would always want to accumulate enough Bitcoin since bitcoin wallet doesn't have a maximum limit, in as much as your income keep flowing and you apply DCA method then you can never be satisfied even though you have about 10,000 BTC once the income keeps coming you will always apply your DCA money to increase your portfolio.

Most people who had thousands of BTC never stop at one or two they keep increasing their portfolio through DCA except for those people who are on an average job that pays little that could take time to increase their BTC holding in their portfolio.
If we can naturally accept the fact that after investing in Bitcoin and holding that investment we may experience a temporary loss of money, then we will certainly not hesitate to hold Bitcoin. I have invested the market has changed a bit and if that affects us then surely we will not be able to hold our investment for a long time. You have to forget the illusion of the amount of money that you have invested and the amount of money that you will invest regularly and you have to assume that this money is fully deducted from your total money. The invested money will not be of any use to you, you don't care if you gain or lose, if you can plan like this, you will be successful in keeping your investment for a long time.

At first I won't consider that has loss, it can only be loss if one literally sells his investment in loss during a dip , that's why is better to use that opportunity to accumulate and hodl Bitcoin. We can't just expect the price to be going up only, surely they will be some dip as time goes due to volatility. And yeah when it comes to holding is better to use money that you can stay without using for long , like forgetting that you have such amount of money invested in Bitcoin. Because if one endup using money that's meant for certain expenses he or she may endup messing up Their holding, like selling it at the wrong time or using it to take care of some expenses.