Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Antonil
on 31/07/2024, 17:12:20 UTC
perhaps I you don't really understand how it works let me explain it with an example, so let's take for instance years ago you invested when Bitcoin was $50k and it later fall to $26k there is no need to panic even if your investment depreciated in value but it will surely come back it normal price and even continue the uptrend movement, so truly there no need to be concerned about Bitcoin price because your investment is secured so long as you are holding, so try not to be thinking on that direction.
Thanks for explaining me about holdings so nicely. Your example was helpful for me.

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Actually I need some clarification because if that's what you actually mean, it implies that you don't even understand the advantage of holding, you should actually understand that in holding no matter how the price will drop you can never be affected on your investment,
There is a common saying among people about holding: Until the day before death, you can only hold a day, but you cannot enjoy it. Which shows complete ignorance. The DCA method is designed to bring the most volatile market conditions within human reach.
We all know that no matter how much the price of BTC goes down, it will return to its previous level rather than give a share of the profit. Suppose you are a multi-billionaire and you hold a large amount of money, your value depreciates after some time of holding. Then a fear will come in your mind. Even if the fear is temporary. It is precisely because of this fear that most people misunderstand the hold.

Also JayJuanGee says that:-
It seems to me that it is quite difficult for someone not to feel uncomfortable when his investments are in negative territory, and even more so in negative territory, can affect a person's psychology, even if he already has a lot.
I meant the same thing Smiley

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are you actually saying that someone who invest on Bitcoin for holding may likely lose his investment on the process?
No I didn't mean losing money in DCA process. Rather I ask everyone to follow the same process, I myself follow this process.

I basically wanted him to understand that the DCA method is not for any particular group of people. It is ultimately a win-win. But those who invest in BTC not for holding, but only for profit. They don't invest, they act like day traders. They can be called day trades.