Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Marvelockg
on 21/07/2024, 12:26:29 UTC
⭐ Merited by JayJuanGee (1)
And many people mention the word risk here, aren't we ready to lose?  So why else use the word risk?
you can't completely talk about investment without mentioning Risk. Risk is part of an investment variable but it's just that some investment choices and approaches are less risky as opposed to others. Although we're all positive about the future of Bitcoin which is the reason why we are investing for the long term, we're not blind to the fact that anything can happen in the future. For as much as I know, Bitcoin isn't too strong to the point we can assume that it's immuned to uncertainty but that's just same with everything that's in this world. When you talk about risk in the context of Bitcoin Investments it's not a source of deterent to your Bitcoin accumilation but just a variable to be considered while deciding the amount you're to use for your DCA such that it only occupy a smaller percentage of your total earning.

Every investor has a willingness to hold for a long time and they are people who are ready to lose.

Therefore, my advice is to use money to invest in bitcoin that you don't need for your living needs.
while it's advisable to invest an amount you can afford to loose, I doubt that the primary intention of an average investor is to loose the amount he invest in Bitcoin. Profit and loss are part of every investment decision journey and while you don't you're hoping for the best you're also expecting a worse case scenario but what could even be the worse case scenario for Bitcoin? Is it that if you started buying at this price it will just go down to zero? That at the moment is almost at the stage of impossibility.  It's mostly short term holders that gives themselves a fix time before taking out there investment that will be worried of looses, long term holders that are ready to keep HODling even when there is correction in the market untill it bounces back won't witness any form of loss.

So I don't like any risk because I am ready to lose in long-term investment planning.
lol! Doesn't the statement that you're ready to lose shows that you're still talking about the risk associated with Bitcoin investments? If you're investing for the long term the chances of experiencing a loss in your investment is too minimal so You've got no reason to panic or talk about losing shit.