Re: Buy the DIP, and HODL!

Quote

I have a friend who is into Long term Bitcoin investment when ever he holds his Bitcoin and Bitcoin hit a certain price he was always tempted to sell little and he will, that was how it was for him until he decided to have a price target which he wants to reach with Bitcoin and that was how the temptation to sell when ever there was an increase in Bitcoin price stopped.
So I think having a price target with Bitcoin will help you hold your Bitcoin very well without the feeling of selling, it will increase your patience level.

Your friend was a scalper and not a long term investor of bitcoin as you called him.

I disagree on this, though you are right that his friend is not a long-term investor but he's also certainly not a scalper. If you read the definition of scalping, you will understand this well, and I've never heard of scalping in investing but in trading.

What the guy engages in is not totally condemnable, as the practice, if used well will deliver massive success into his account. I don't buy the idea of keeping my Bitcoin for so long again, I invest and divest at the right time to maximize my profits. I've two portions of Bitcoin investment, I HODL some since 2022 and I started investing and divesting the other part regularly since last year. I tell you, the one I regularly invest and divest has grown so much more than the one I HODL.

Why spreading bad energy in a thread that’s dedicated to buying and holding bitcoin for long. If you don’t believe in buying and holding bitcoin for long, then what the hell are you doing here my friend. I Think it will be best you stay clear off the thread and go to other threads where people like you are. I find your statement problematic and misleading to the audience of this thread and newbies who believes in holding bitcoin for long. I don’t fucking care about the few bucks you think you might be making at present that’s making you think you are doing the right thing and discrediting holding bitcoin for long. But don’t come here and say things of this nature in a major thread like this, that’s mostly dedicated to long term hold.

I bet you didn't read his statement with an open mind rather than trying to paint him as a bad egg for pointing out the approach he has used that has worked well for him.
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It's good to read from another reasonable person on the forum, it's hard to see many these days. I wonder why people do not want to learn but always believe that a certain approach is a must for everybody. That is why you will see them shouting and shouting while some smart investors will continue to pocket the money. I wonder what's difficult for an adult to sense that I diversified my plan on Bitcoin investment and not even totally abandoned the HODLing he was complaining about but tried another approach to try and maximise my profits.

Voila! It worked more than HODLing. Now tell me, who is deceiving himself? I've learned to ignore them since I am not an investor in the crypto era, they are mere noise. Let them continue to shout why we continue to make the money in every way possible.