Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Stablexcoin
on 25/11/2024, 16:20:50 UTC

We have guys in the forum engaging in similar kinds of conduct when they sell large amounts of their stash, and even some of them are expecting to buy back at cheaper prices, which might be more pie in the sky fantasies rather than any kind of practical and realistic way of dealing with their BTC stash.. so from my own perspective, I think that it is way more healthy to consider that any BTC that we sell might not be able to be bought back at a lower price, then we will then be forced into thinking about our BTC in terms of whether we really do want to reduce our BTC stash or not, and if we are o.k.k with that, then by how much (with a presumption that we may well not be qble to buy back anything that we carry out in seling).
I wouldn't agree more with your perspective. I also think that it is a very unrealistic approach to sell off a large amount of one's stash with intentions of waiting for a dip so he can buy at a more cheaper price, this approach is nit just unrealistic but also very risky too as it may potentially lead to losses and missed opportunities.
What's not realistic? people do it on a regular but that's completely the wrong approach in Bitcoin investment. The dip may never come and by so doing they lost any entry point into the market. Unless they choose to buy back immediately not minding if they had lost either little of their profit or capital because they sold in the first place. Selling and buying back on dips has never been cool to anyone who attempted it this year. This is why it is not a guaranteed strategy, but buying on dip without selling your stash is acceptable. It will only help contribute to your investment aggressively. At the same time, it is still an accumulation but this time aside from the basic strategy you are using to invest you are attempting to accumulate more aggressively.