Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
bitcoin_mining
on 09/09/2024, 20:43:23 UTC
Snip
As I said earlier in the local board today, new investors and old investors of bitcoin are always happy when the price is in the dip and the bear market because that is the best time to accumulate many to the wallet so that whenever the price goes up they will make good profit from it. And what happened last week in the bitcoin price was also good for short term investors like the price was on $54+k and if an investor bought it at that price and today, it is $56+k and the person would make 2% increase as profit. But the best investment plan is long term so you don't have to both yourself to monitor the market.

And nobody can guarantee the price of bitcoin at all time and that is why it is good for the long term investment. And whenever the price dip then it is to refill the wallet for whatever I have. If someone bought it when it is high and the price  suddenly came down to the dip, he should not panic and all what he should do is to pick courage and keep hodling and one day the price would go up again.
Before investing every investor thinks that they will have money and they will buy Bitcoin with that money and when the market is positive they will sell their investment and earn profit thus they will only continue to make profit. But as simple as new investors plan, in reality this matter is very difficult. So the initial investment must be taken seriously. 

If our plan is to buy bitcoins with the amount of money we have and sell the investment at some profit, then it would not be an investment at all but trading. We know investing and trading are two different things. Business is usually done with a short term profit plan but investment has to be planned for the long term. After investing, if the investor gets some profit temporarily, then the investor should not see the profit and sell the coins but should wait for something better.  It is best for the investor if the investor invests consistently for a period of time. I was new and things were difficult for me too but gradually I tried to learn and took difficult things easy now I don't find it very difficult to invest consistently.