Ninjastic
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Board Speculation
Re: Buy the DIP, and HODL!
by
Lanatsa
on 10/12/2024, 07:46:16 UTC
Quote from: Uhwuchukwu53 on Today at 05:34:05 AM
Quote from: promise444c5 on December 09, 2024, 07:45:45 PM
Quote from: leonair on December 09, 2024, 05:24:42 PM
Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.
Those investors who hold from bitcoin <$100 had confidence in it since then and that made them rich today, not all had the confidence to continue the journey , it dipped massively at some  points and  some investors sold all of their holding while some sold large percentage for sure but it'stheir investment, they might not have regrets since they made profits but they couldhave made more though, if they had not lose trust/confidence  in it..

Hence, it can still be cheap at the moment compare to when you start seeing it @500k .. true it's still expensive to accumulate good amount as at the current  price but accumulating it continously  can give you a better amount over time(what matters is that you're willing to hold for long) and how can you do that?? It's simple just practice what the thread is all about along with the DCA strategy, accumulate for cycles and check your portfolio (you will see how far you've come) Smiley...

Actually confidence is a tool while many failed and some too with hood confidence overcome the force of selling off their holding, but there is one aspect I do consider while most holders sell off their Bitcoin the area of unforseen circumstances and loss of target over speculated period of time, some holder have some speculation while they hold that certain period what they are holding should be at a certain price and when the reverse become the case and their alternative failed them they are left with no option than to sell what they have. Though it's very wrong shall but to say when the need is not available the available become the need could be their situation at that point because some is not as a result of clear eye but been instigated by unknown factor beyond some emergency fund mostly life threatening issued.
When it comes to holding then this might really sound or look so simple but on the moment that you are tending to do it and sees out actively on how this market behaves or works then you will really be having those times or moments that you do become skeptical on trying out even on having that Dca or making up some buybacks but actually these things wont really be that a problem if you've been really trusting up Bitcoin in the first place. For newbies then it is that not surprising that they do become that unsure on what they are dealing into even we do say that Bitcoin is really that worth to hold for long term but due to lack of experience and knowledge towards it then its not shocking that they will really be doing those impulsive and sudden sell on the moment that they are seeing their portfolio becomes negative.

Buy the dip and hold will really be that not so simple even into those experienced ones. We do know that not all having that financial capacity when it comes to this manner on where there are those who are really that just having enough on the amount that they could invest into. If the market goes red then they do just simply resist that temptation on selling out to cut losses. Experience is something that you will really be that giving out some edge and will really be able to dictate out on what you should gonna do. Our investment or portfolio will really be composed of in between long term coins and to those which are good for short term.