Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Obim34
on 11/08/2024, 15:59:33 UTC
selling a portion of it will make more sense than selling all of what you got in your portfolio. It is an investment that’s already projected to grow overtime and not a short one.

In terms of investors selling there Bitcoin holding I really don't encourage that idea but however if an investor must sell, it should only be in a case or in a point were the amount of Bitcoin they have accumulated is big enough that even if they decided to call it an arriving point of there Bitcoin investment it will be okay, so perhaps that's why even if most people have that mindset of selling it should be when they have gotten to there accumulated targets, then they can decide if they want to sell a little part of it or not, though if the investor has other means of survival I think holding all the investment will be better because as time goes by that's how your investment is appreciating.

Well I feel even before making the move to accumulate or save up bitcoin the investor must have set aside means to which he or she will be getting funds for their daily consumption purpose and also maybe even set aside emergency funds to tackle many other things but if he hasn't then that's just going to cause some kind of inconvenience in the future but when all these other ways to taught off then easy holding of your Bitcoin will be very possible and it would even help your savings a lot because it growth would be a lot faster than the case of you actually tempering with your Bitcoin occasionally.
Of course. It is important for an investor to have a reliable source of alternative income to manage his investment for long term as well as a floating cash system to meet his urgent needs. Another thing you should focus on is not to over prioritize investments because if you over focus, your normal life may cause some disturbance such as aggressive buying tendency in bearish times and withdrawal tendency in bullish times. You should keep your normal buying trend regardless of the price of Bitcoin so that its stack will grow periodically. The more you try to focus your investments, the more likely you are to lose your long term perspective. It also recommends managing investments down the road alongside your normal lifestyle to keep your long-term Bitcoin accumulation going.
I don't agree with your assessment that buying more bitcoin when the opportunity presents itself (DIP) will lead to withdrawal tendency in the bullish trend. That's a pure lie, unless you never had the plan to hold your bitcoin for long term that's only when you will think about doing that. There is no sense in seeing an opportunity to buy more bitcoin at a reduced price and you  let it slide because you don't want to be tempted to sell when the green candles return. To me it is not a smart move, because an ideal investor will make good use of the opportunity and get more bitcoin because it will benefit him at the end of his holding period. If you decipline yourself very well you will not be tempted to sell your bitcoin investment.

Moreover aggressive buying is not a bad thing, some people buy aggressively when they see the opportunity to meet up with certain amount of bitcoin holding they have set up for themselves. It also depends on when an investor started his accumulation journey, those who started late will tend to buy more aggressively too when such opportunity comes up, in order to meet up with some reasonable amount of bitcoin stash in their portfolio.

You both can be correct but basically it comes from personal objectives,  how the person sees the market and on how he/she decides to flow with the market. One can over prioritize his investment and still be able/willing to hold for the long term and it also can go the other way round but on the case of prioritizing, now mostly the new investors would believe due to some hearings  that Bitcoin is the absolute root to financial freedom, (not saying it can't be) which makes them vulnerable to invest more than they should and causes certain tragics on how they get to survive.

Seeing a safe opening to invest aggressively should not be neglected, it can be seized and made to advantage but to be done against our stability.