Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tungbulu
on 26/11/2024, 04:39:12 UTC
One of the things about bitcoin is our need to learn about it enough to get it into our head that it is an item for stacking and accumulating and the price does not really matter very much.. just keep persistently, consistently and ongoingly continue to stack it.. and yeah, the more that we stack and prioritize our stacking (through buying, selling does not fit the definition of stacking)
I totally agree with you.
I think the major problem is that most investors have quite a flawed perspective of Bitcoin, rather than seeing it as a store of value that not stores the value of their wealth in the long term but also potentially gives them the chance to make some extra profit while at it, they’d rather prefer to focus more on the short term price fluctuations, and this is why many of them often end up making wrong decisions simply because they prioritize sorting for ways to increase or maximize profits by attempting to take advantage of certain risks and this makes them sometimes not to properly calculate the potential risks of the action they plan to take. Rather than this, it’s important to prioritize long term growth and consistent accumulation.

By focusing more on the consistent and disciplined approach to accumulating Bitcoin and by taking full advantage of the DCA strategy, they could potentially reduce the effects and impact of market volatility as well as avoid making decisions that’s potentially lead to losses, because you’ll be able to the clear picture and make better decisions rather then having to making decisions based on emotions and short term price movement.

Just as you’ve rightly said. It’s important to always prioritize maintaining consistent buying and accumulating Bitcoin rather selling, at least until one has attained a ‘Fuck you status’ in his holding, then maybe you can think about periodic selling (smaller amounts of your stash).  Because this is the only way individuals maybe be able to build themselves a solid and long term store of value, and also increasing adoption as well as to also benefit from the network.