Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Jewan420
on 16/08/2024, 16:49:44 UTC
⭐ Merited by fillippone (1)
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.

I wouldn't call chart viewing bad, but I wouldn't hesitate to call excessive chart viewing a bad habit. Regular price list monitoring can cause you losses in many ways, which you may not realize. Looking at more charts than necessary can tempt you to take extra profits. That is, when you regularly review the market over and over again, one of your thoughts can work. As you can imagine, I review the market regularly and am used to the highs and lows of the market.
I may be more profitable by buying when the market is low.
So you can avoid your regular purchases and wait for lower market prices. That value is almost impossible for a human being to predict.

In this way, the desire for low prices and the greed for extra profits will help you get lost and later bring the word regret in your life. Which happens to many. My advice for you and many experienced people is that the valuable time you are wasting on overpriced review, spend that time on something else, maybe you can get success. One more thing, if you are interested in investing and you have proper money then you start investing very early and buy little by little regularly, that investment method doesn't need any name. You keep buying regularly and keep it long.