Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
tiCeR
on 30/08/2024, 21:16:50 UTC
⭐ Merited by JayJuanGee (1)
...
It may be true that if you are in that situation you will make two decisions, the first is to get luxury goods/houses or everything that you have dreamed of for years, and the second decision is that you will think wisely about the bitcoin investment that has been built from a long time ago. Yes, my answer is maybe if we have achieved the desire to have a luxury home and at that time all your wealth that you have in BTC. If it happened to me, maybe I would only sell some BTC and the others I would keep for years to come.

The reality is someone who has fallen in love with Bitcoin of course will not leave BTC in the investment that he will make. So at this point we can rebuild our BTC portfolio by accumulating every week because we only sell some BTC just to satisfy ourselves with our dream of having a luxury home.

This often happens to the wider community where they change their lifestyle when they have reached the level of wealth that they have built from the investments they have made. I remember one word, fulfill your dream when you are able to achieve it. Yes, that is a common thing and we remain in our position to have BTC and also have a luxury home. Just sell some of it and buy it back through DCA, of course, slowly you will have the BTC back like before you sold it.

You would be surprised about how many old people prefer to die with a lot of money in the bank and under their pillow instead of buying watches, cars or go on a cruise. Many of them own a house or two because they prefer to be independent. But the main reason is what once you reached a target you worked towards for many years because you always thought you want pure luxury all day long, there is something going on with many people that keeps them from sending their money without thorough consideration.

I believe that bitcoin is such an asset. Sure if you are a whale and you are sitting on a bag of 30,000 BTC like Tim Draper, selling some wouldn't hurt you, but often times even these people keep this asset. Draper bought at just over $600 and still holds 29,600 BTC. Why? Why wouldn't someone who bought for a little less $18 million not sell for $18 billion? It's a question someone should ask themselves before they consider getting rid of their holdings because they feel like buying a new car.