Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
sotelorene
on 04/12/2024, 09:29:08 UTC
Is this really true well for me I think is not because there are plans you will follow in your Bitcoin investment and it will delay you for example waiting for the dip, and if you are into Bitcoin investment you need to use only your Discretionary income for your Accumulation if you don't and you start using money meant for taxes, electricity, water, food etc you will hit the rock which will lead to you selling of all your Bitcoin .
So planning your Bitcoin investment is very important because if you don't plan well you will fail, we all know that as someone who is into Bitcoin investment is important you have a backup funds it helps prevent dipping hands into your Bitcoin investment.
One of the reasons why we always share ideas here is so we can learn from each other and come up with a good plan on how to follow our investment.
For me, for the first time, I didn't plan well about investing in Bitcoin, I just bought and held it. But over time I started to plan my accumulation in 2022, 2023 and until now. Sometimes we need a closer approach to Bitcoin and the arrangement of plans can be arranged better if we have found a comfortable strategy in accumulating Bitcoin.

Obviously, monthly income, weekly bonuses from work are one way to organize well where we will allocate how much percentage to buy bitcoin. For me, as long as our income continues to run normally, of course, bitcoin accumulation will run smoothly.

By adjusting the budget or increasing it more as long as the Bitcoin accumulation is still a material that I have to study more deeply. I still haven't been able to increase the budget to be more aggressive because my income is not increasing.

You can ONLY do what you can do in terms of your level of aggressiveness, except maybe studying other ways to either earn more income or to cut some expenses... yet we each have limitations, including that sometimes it just takes some patience if we are doing as much as we can, then we still likely are going to do o.k. as long as we are more conscious about being proactive, rather than just sitting on our early investment and not doing anything further when we could be adding to our stash, even if it is relatively small amounts... yet we still may well end up putting ourselves in a better position from having had invested into bitcoin for 2 or 3 cycles rather than not having had done so.

You are right however some set of people are so comfortable with there current level and they don't bother having another source of income or increasing the amount which they use to accumulate there Bitcoin why some people are usually not comfortable with there level they try to grow there current level and also increase the amount of there Bitcoin accumulation.
Now between this two set of people who do you think we do more better for me I think is those who are always uncomfortable with there current level and trying to increase the amount they use in accumulating Bitcoin, this set of people are the once who always accumulate and hodl consistently because they always want to change there current level or position.



I disagree with you dude, it is true that some people are not comfortable with their holding while some are comfortable with their holding and those investors that are not comfortable with their..., and tends to increase their accumulation is not really a bad thing right but sometimes or most times it's not good because it can result to a lot of things like being biased, frustration, panicking, selling when you're investment is not mature or due because you will be so worked up because of the quest to increase one's accumulation, as a matter of fact you are imposing so much pressure on yourself. Just like I said earlier it's not really a bad thing but while not continue accumulating regardless and just be consistent and wait for such opportunity to come to increase your accumulation instead of striving to..., since one is investment for a long period of time you don't need to rush there's time for everything.