Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Felicity_Tide
on 03/10/2024, 15:47:17 UTC
what we're all aiming for Bitcoin. We want to have more BTCs during the bull run and have it sold, not all of it at a better price.
Selling all isn't a wise decision because in the next years to come, the price of it will be higher.

Actually it seems you are the only one who is aiming to have some Bitcoin and sell it because nobody is using that kind of strategy here and our aim on Bitcoin is to keep accumulating till we get to our "Fuck you status" Just as JayJuanGee explained, And I would advise you to also do the same because with this kind of strategy you are talking about there is no different between you and traders, so you should no that accumulating and holding does not prevent your portfolio to increase as the Bitcoin price increases, so don't feel that your investment or rather portfolio will be stagnant, of course it will keep appreciating as you continue but that doesn't mean that you will be tempted to think about selling when you have not even have a sizeable amounts on your portfolio

And my question is, what do you do when you get to your f*ck you status? Isn't it to sell a fraction?. Because after reading what terrific (the first reply) had to say, it wasn't different from what you are saying. From what I understood, terrific is saying that, for you to be able to sell certain fractions during a bull run, you must have accumulated alot, and I believe accumulating to a reasonable amount (f*ck you status) does not just take 1-2 years for someone who is using DCA. But I feel that terrific should have probably constructed the statement in such a way that it won't sound as if he is planning on selling some fractions on occasional bull run events. Or assuming I actually understood wrongly, and terrific was actually supporting the idea of selling some fractions in a bull run, then that's is not a good practice from my opinion, though I feel he isn't doing that.

~snip
I don't think there is a connection between network fees and accumulation of Bitcoin so network fee shouldn't be a problem that would hold you back from investing on Bitcoin because there is no fee associated during your Bitcoin accumulation, so all you just need is to invest on your weekly target, however I have not heard were any fees would prevent someone from there persistent accumulation of Bitcoin, so possibly you can clarify me on the connection the fees has against your Bitcoin accumulation.

Though, it is important to show some concerns for the blockchain and high tx fees, but I don't really have that time to start observing the mempool to know if there is a high tx fee or not. In most cases when the tx is taking longer than it should, I will just use the bump fee option.