Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Kliss
on 25/07/2024, 16:38:20 UTC

[edited out]
In two or three decades, there will probably two different types of investors and it will be obvious merely by looking at their portfolio,

- Those who bought the DIP/DCA and who HODLs Bitcoin
- Those who have dismissed Bitcoin entirely, and it's performing relatively poorly for it

¯\_(ツ)_/¯

I get your idea and I agree with the overall idea that there are those who get it (and are focusing on BTC accumulation and holding) and those who are lacking focus or failing/refusing to have any clue about the value of accumulating bitcoin (or the disvalue when they don't).

Yet, there are likely going to be variations of those two extremes in terms of potentially when a low coiner/no coiner finally gets bitcoin and what s/he finally does about it when s/he gets it... .. so yeah, the issue is ongoing in terms of when a person starts to accumulate.. which seems to be why a lot of us regular members might disagree regarding some of the BTC accumulation strategies, yet we still tend to agree that the sooner that low coiners / no coiners get started, the better off that they are likely going to be (or perhaps the more that they will be able to mitigate damages from their time as no coiner, low coiner and/or pre-coiner).


But there will be those people who will be at one point of the extreme that holds no Bitcoin. Out of the eight billion people in the world right now, how many of us are actually accumulating/having a desire/interest in learning about Bitcoin? I believe that in two or three decades that line will be clear. Bitcoin is not perfect, but it will get bigger and BIGGER. Front run everyone now, worry about it later. Bitcoin is a breakthrough, like the invention of the telephone or something as ground-breaking as air travel.


Yes, a lot of people are currently close to that extreme of having nothing left in their portfolio because the center of attraction has been drawn from growing and advancing portfolio to the sudden amount of profits we can make from investing.


I'm confused, nothing left in their portfolio? Can you explain further?

I may be wrong from the general stats but within as I have seen, i see investors who are already beginning to get carried away by the current price value of their Bitcoin compared to how much they had bought, seeing the profits on top creates this urge for them to sell. I speak with some few persons who have been with, and what they say is holding Bitcoin for that long doesn't guarantee them to get huge profits as merely holding little portions and also going through the long DIP is not likely what they would prefer, so they choose to rather sell as soon they get a bit of profits.
It's understandable when investors feel the temptation to sell when bitcoin price soars, but the question is have they accumulated bitcoin to a satisfactory target?, Is that their aim when investing?. That should be to priority of an investor in Bitcoin investment than to be tempted with smaller gains because of price increase compared to initial amount invested. It important to accumulate bitcoin to a satisfactory target and Holding for the long-term and also having patience on the market dips can lead to significant rewards or profits. Many persons doesn't really have that holding patience  but it is the key to bigger profit. It's crucial to have a source of income when investing in Bitcoin in other not to be tempted to sell  when their is a surge in bitcoin price when you haven't accumulated enough.