Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
letteredhub
on 09/08/2024, 19:12:40 UTC
Of course, if we might know about some of the details of some newbie investors, such as if they are reasonably investing within their discretionary income and they are providing themselves with various kinds of cash cushions, then it may well become more and more likely that they are going to be able to have a consistent investment in bitcoin and they are not going to be easily shaken out of their bitcoin investment due to lack of proper financial preparations... yet sure, there could be other things, besides having solid financial preparations that could influence whether a person decides to stay or not in their bitcoin investment in the long term, such as 4-10 years or longer.
determining a plan is something that must be considered, because this is something that is also said to be important. if you think about it, for those who are just starting to invest in bitcoin, they have their own strategies and choices that they think are the best choices for themselves, whether it is long or short term, they will take what they think is good.
Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be  less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.