Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Taskford
on 20/06/2024, 07:31:05 UTC
An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.
Those kind of investors that gets to worry overtime will eventually change their minds. I have been there and I know what they're going through because the market is unpredictable.

But when you get to know how Bitcoin as an asset and investment moves, you'll understand it that there's nothing to worry about. Like now, there's a sudden correction that we're seeing and it's a normal motion.

And those worried investors might not be seen with passion but they'll have it soon once they get used to how the market works. Time after time, they will understand that there's nothing to be worried with once they start to notice that their portfolio's are up.

It's only a matter of time and experience and they'll be like us as firm holders that worries even if we see 10% drop or more.
This is a process which can take some time, I remember than when I was a newbie many years ago, the movements of bitcoin scared me, and while I liked the technology, I was not sure if I could withstand so much volatility.

But by the time the crypto winter of 2018 appeared, I had garnered enough experience to not sell my coins for a loss at the time, so I am sure that someone that invests on bitcoin right now, has enough time to learn to accept the high volatility and become a successful long term holder.

Now Bitcoin deep market is going on at present, so if you invest during this time you will definitely find success.  Because success will come in the way that you get the maximum benefit at the highest cost. And the ideal investment would be if the holders invest most successfully in the current period.


For people thinking to start with their hodl journey then anytime is best to accumulate, but for people doubting then say that they wait for the dump then the time they are waiting for has arrive. If they still doubt to accumulate because they got afraid in ongoing situation then I guess nothing will happen to them and for sure that in future they regret their decision again for skipping the perfect chance to accumulate when the time they are waiting for occur.

Crypto winter is not yet confirm as we see bitcoin still surviving and stays at $65k and people should not afraid on that situation since we are aiming for long term and not those short term happenings. But if that time would really came then its time for us to accumulate some discounted coins while that situation happen.