Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
sotelorene
on 21/07/2024, 23:59:36 UTC
People who panic are not investors but they are traders.

People who are slow and full of hope are not loyal or long term investors but they are traders.

These two characteristics can be ignored in each of you.

Just buy BTC and save it until you have children and grandchildren because Bitcoin investment is very good for the long term.

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.
Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

I consider your narratives to be a some worth way of passing out negative information about Bitcoin, and it can be misleading, no doubt there is risk in every investment generally but Bitcoin is not as risky as most people talked about it as when compared with other coins and it doesn't make sense to me since you are kind of making comparisons between Bitcoin and other coins, one of the mistakes some people makes is ever considering Bitcoin sharing the same principle of operations and functionality, whereas Bitcoin performance is what determines the performance of other coins. Taking about volatility, it is an inherent trait of Bitcoin such that the moving up and down is even what makes it interesting, have you ever consider if the price only goes up and doesn't come down? Volatility is no longer a problem to a long term investment but rather taken advantage of every market condition is the priority in other not to miss any buying opportunities, when the price comes down you buy and when it is high you buy too the DCA allows you to do that in order to have or increasing your Bitcoin quantity.

it will be better you talk more about the potential coin Bitcoin that you know than talking about what you don't know.



Exactly, there are some things that are not suppose to be disclose to public because of the mentality and mindset people have most especially people who will join or those new member I mean it can be harmful to them because already some people who don't understand how Bitcoin works take it to be scam till today so imagine someone like that join this forum and then come across statement like that, it will be like reminding the person initially what he take or see Bitcoin to be so in as much as we don't know how long Bitcoin will last, we shouldn't be making harmful and discouraging statement about it rather we should be positive about it or maybe think on how to accumulate more Bitcoin and hold them for long time. If there's any investment you shouldn't worried about after investing in it I think Bitcoin should be that investment provided everything concerning it is well observed.