Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sticky Bomb
on 19/11/2024, 16:57:33 UTC
Most likely people tend to sell and start getting swayed by blogs that suggests Bitcoin is going to $70K.
I believe we are going bigger doesn't mean others are
And if they hold, There would be no need in been scared of Buying Now.
In a nutshell, I'm advising against trading not encouraging it.
Bloggers harbor the most discouraging effects on bitcoin investment and most of them are up for short-term gains and with trading mindset and people tend to believe them more thinking that more followership entails more wisdom. I also fault people who believe out rightly what these bloggers say without validating it themselves by doing their own researches to ascertain if their claims aligns with intentions.

Investment decisions should be completely of our own accord and should be a testimony of what we want for ourselves rather than advise given to us by an external person and bitcoin investment is a decision to be take by the investor to dedicate a portion of their discretionary income to by bitcoin with any of the accumulation strategies that synchronized with their lifestyle with the intention of going for a long term and securing their financial future in bitcoin.

It is good that young people should think more than the present lifestyle and decide to take investment seriously since they are young, full of energy and can make sacrifices readily and comfortably for their future and I believe if any youngster gets into bitcoin having a long term plan in mind, he has more advantage and can go for a longer period of time and with commitment, he can beat a very high target with respect to his available discretionary income and length of time. Such a very young person can go for 10 -20 years or more in bitcoin and maybe 30 - 40 years if he plans for his retirement with bitcoin and that would be a very profitable long-term investment.