Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Webetcoins
on 05/08/2024, 12:34:51 UTC
A holder's main objective should be to increase the amount of Bitcoins so that he can build permanent assets in the long term.
I disagree with your statement because if an investor's main objective is to grow his bitcoin investment, the investor will not be able to hold his bitcoin for the long term. I think an investor should be concerned about how to get a good and steady income source so that he or she can consistently accumulate bitcoin with the DCA strategy and also take care of his daily needs. A good and steady income source will help an investor hold bitcoin for the long term because there's a cash flow for the investor, either on a weekly or monthly basis, that he or she will use to sort out his life, and the investor will not think about selling his bitcoin to pay bills. However, once an investor stops getting cash flow, he or she will find it difficult to hold bitcoin for the long term because he or she will depend on it to survive. 
I agree if we need to be stayed in a good way then we have to manage things on better way for this as trader of investor having steady income is ideal deal and this need some good strategy DCA is surely one of the best for having small and regular basis but with this if we are able to hold things for long term this will be give us good profit as well.

As now, I am also going through for this way I am also trying to have strategy which allow me to have flow of money regularly because this will make lifer easier for me and I will be able to have enough funds for using them regularly and also have enough funds for accumulation. We have different mind-set for keeping bitcoins because keeping long term is surely not easy even it's profitable but if we are able to have flow of money on regularly then we can do everything for more profit.