Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
rachael9385
on 22/07/2024, 11:40:33 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,
There are something you don't understand, everything around us, (both the ones we see and the ones we don't see) are risky, so if one can risk his life and travel by flight for hours, then what is money that one can't risk?
The truth is there are risk we can take and ones we can't take, and it's for the person to make his/her choice, if you have other options for investment it's fine by you.
We don't have to put all eggs in one bag and it's not advised to keep one on altcoins/shitcoins because they are not like Bitcoin, and IMO they shitcoins/altcoins are behind Bitcoin so when Bitcoin raises they also follow and many of them can't sustain price fluctuations for long so they give up and those who put money of them will lose.
Quote
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,
What makes you think so?
I have few questions for ya.
  • Do you think that technology will stop becoming more advanced?
  • Will the internet crash?
If your answers are no which means the technology of Bitcoin will probably not not fade away because Bitcoin is not controlled by anyone. If people can save fiat all their money on their bank account what makes us think we can't invest on Bitcoin? Truth be told that technology is also what's holding the world today and if anything happens to technology we can't also access the money in our fair Bank. And as technology can't fade away Bitcoin will not fade away.