Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sobz
on 16/08/2024, 09:44:51 UTC
I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.

Looking at the market can be bad and it can also be good too, everything just depend what could be the reason for looking the market.  An investor can decide to always watch the price of the market not necessarily for fear of volatility but just to see the movement of the market to take advantage of the dip. I don't think their is no how one will be investing bitcoin and not getting to know the price of the market. Looking at the market is not the reason why investors fail to hodl, the reason why people fail to hodl bitcoin is because they want to make profit fast and they do not want their bitcoin to drop because of volatility, wrong understanding of the market. Real hodlers still look at the market when bitcoin goes dip, they are aware of the fall of price but they don't get panic. I dont think looking at the market is a challenge to hodl bitcoin,  the main challenge why people are unable to hodl bitcoin is because they are not ready to hodl they just want the profit very quick and when the market falls they panic and sell out of fear.