Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 17/07/2024, 20:21:39 UTC
Those people who get that tendency to be emotional caused by the smallest negative price movement of Bitcoin are those people who want to take profit in fiat. HODLers are in a different mental state. They WANT those DIPs, whether they're buying the DIP are doing DCA. It's simply another opportunity to buy more units in Bitcoin.

Plus if you're a HODLer you should actually have a good understanding of the basic technical side of Bitcoin. It helps not to panic because you know Bitcoin has massive potential value, although sometimes there might be some anxiety. We are still humans.
The truth is that, those that are emotionally occupied with price action have no place for long term holding, and they can't make up for a good DCA position since the lack the requisite knowledge and frame of mind to undoubtedly take action on the market and achieve a position, this is very important to first take care of before any other things, so anyone that is emotionally unstable should at least stay away from the market for a well good time, and after the build the needed knowledge about price movement and when best to take action then they can return back to buy in some lump sum and take the right position.
On the other hand most of those that have made some positive progress in the DCA position have always have one thing to say about the one thing that fundamentallly helped them to achieve such a financial state, which is persistent buying of Bitcoin at anytime there is an opportunity to buy more and take a position, most times arriving at a financial goal through Bitcoin may be hard for those that lack the consistency to take position frequently, and most of those set of people are those that may lack the right knowledge and commitment to make continues progress in the DCA journey.
Long term holding is the best way not to lose our on the future gains that the market present, so not taking action along market sentiment will ease you up alot, and in doing so you have to note that you only lose when you sell your Bitcoin at below the price you bought it, that is why you have to have long term perspective and goal before you start your Bitcoin accumulation journey.

Your post is confusing, Odusko.

Surely folks who are emotional about investing (whether bitcoin or otherwise) need to figure out ways to deal with their emotions, yet I doubt that waiting or studying or whatever investigation you are suggesting is going to be as helpful as just jumping in.... So emotions should be able to be managed in accordance with investment size, so there would merely be a need to figure out if they have disposable income or not, and if they have disposable income, then they are 100% ready to invest into bitcoin, and so they would just need to figure out how much and of course, from where to source their bitcoin.  If they either don't have disposable income or they cannot figure out whether they have disposable income, then they need to figure that out first.  Persons without disposable income are not in a position to invest into bitcoin.

Surely any newbie to bitcoin is likely going to need to continue to study and/or figure out their cashflow management situation, to the extent to which they might not already possess that level of knowledge, and so surely each person is responsible to figure out their own level of competence and to figure out ways to invest into bitcoin in ways that are within their level of competence, since no one is going to necessarily help them out or bail them out if they fuck up their own level of investment into bitcoin or if they under or overinvest into bitcoin based on their own lack of competence and their choice to not gain further and/or sufficient competence to match their level of investment into bitcoin... so surely, anyone could end up fucking up their own bitcoin investment in either direction, which would be investing too much or investing too little... so any assertion to get started investing into bitcoin as soon as possible does not alleviate anyone from achieving their own level of responsibility through whatever level of due diligence they need to carry out when they choose whether and/or how much to invest into bitcoin.. and the various BTC accumulation strategies that might be included in such decision to invest into bitcoin if they end up going down the investment route.