Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Justbillywitt
on 21/06/2024, 15:57:45 UTC
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.

You could be right because most times human needs is insatiable that is why sometimes when an investor has not really arrived at his targeted point they will be having the mindset that immediately they get to that particular point they will hold but however you will be surprising to see that even after achieving there goal they will not really be satisfied and as such they will keep pushing to acquire more, which is also applicable in Bitcoin investment because with the potential of Bitcoin it will be very difficult to be satisfied with the amount you have already accumulated because in one way or another you would always find the need to acquire more Bitcoin especially when the source of income is flowing you will always keep investing.
One relatable human behaviour is about always wanting more, in every aspect of our lives, most especially when it comes to the point of financial achievement, it is noticed that no matter the money already made, we still strive to make more, same goes to Bitcoin. First, it is a matter of ones decision, let the mind be willing then it becomes a habit of consistently wanting to go beyond our estimate or target budget. Since it is something done with an open mind, then many investors will not see it as a big deal to generate another budget after completing one already.
I agree with you here. There are a lot of things that human cannot be satisfied with and Bitcoin is one. As much as i know, every investor would want more and more Bitcoin in their portfolio. BTC
You should have added what you think that such investors should do to make bitcoin grow? If you are talking in the aspect of portfolio increasing or multiplying. I will say if they continually hold for long there is a possibility of them seeing sizeable profit, though nothing is guarantee. But if you are taking about them doing something base on individual basis to make bitcoin price increase, I'm sorry to say that there is nothing they can do. Even if the investor purchase almost all the bitcoin in the market, the price of bitcoin will not increase like that, because there is a low interest in it.  But bitcoin price will only increase if there is a mass adoption of bitcoin. When there are more people chasing after bitcoin this will naturally make the price of bitcoin to keep going up. The more institutional buyers sets in and more liquidity pump into the market, there Will  be a healthy increase in bitcoin price.