Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 10/09/2024, 16:10:45 UTC
-snip-
I will admit that there are not a lot of guys can even get through a whole BTC cycle without getting distracted into  trading/selling/gambling when they should still be in fairly early stages of their BTC accumulation journey, so yeah a lot of guys lack patience to really continue to accumulate and to get to some kind of a meaningful BTC accumulation leavel in which the BTC accumulation helps to inform them about the next steps rather than talking theoretical nonsense about supposed needs to sell BTC in order to diversify... and all of those kinds of mumbo jumbo talking points that tend to show that their thinking is distracted by perceptions of short-term fiat "profits."
You may have aware that not all of the users discussing in this thread have a good financial background. They are also very likely to be unemployed and just hoping for a signature campaign to bring in profits - while their knowledge of investing is learned over time. They certainly understand the strategy theoretically - but chances are, they don't have the courage to do what they say.

I don't mind the theory they put forward as long as it's not misleading - but not all of them understand how to apply it properly. It's even possible that they sell bitcoin every signature campaign payment period [instead holding it long-term] just to make ends meet, and then how do they build a portfolio or diversify assets when other budget support is not available.
Sometimes it could be that an account might have changed hand or it has been hacked. Because it's very uncommon for someone who has been supportive of the idea to buying bitcoin and holding for long, all of a sudden starts going against that idea that he once defended and tends to fancy trading in the same thread. Think about it, because to me it doesn't really makes sense. Your point is a valid one too, but this is someone that has been supporting the idea of long term hold. So if you ask me I will say that it's not about them being unemployed or not having a good financial background, but a matter of the account being operated by a new user that's different from the person that used to operate it. You know two different people will have different opinions about one particular subject matter. And if the account is being operated by a new user, it will be difficult for the person to maintain the same ethics and decipline that the previous user used to. Hence the reason we are seeing a different perspective from what the other person is known for.