Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 10/12/2024, 13:58:50 UTC
An important aspect is discipline and I think this is what you are trying to point out, it is a quality that every investor needs to have to be a successful bitcoin holder because the journey is not always rosy and it will take a strong mind to withstand and overcome the selling pressure when there is a dip in price during bear season. A disciplined mind will achieve a whole lot over a long period of time with bitcoin, there is no need to panic and sell when things are not going well you just have to keep in mind that there will be ups and downs during the journey.

To avoid selling we need to strategize and plan our investment properly and not invest money we intend to use for other things and we should always set aside emergency funds to cater for unexpected expenses to avoid liquidating assets prematurely but most investors take it for granted and feel it’s not a necessity.
In fact, discipline is very important in holding an investment for a long time, the fluctuations of the cryptocurrency market are absolutely normal, it will always fluctuate, that is why we have to try to remain normal during these fluctuations from the beginning, there are many who panic and sell at the slightest fluctuation, which usually creates obstacles in their path to success. As a result, they always lose the opportunity for success and always lag behind.

So, a investor will be successful only when our holding is long-term, so if we can hold for a long time through DCA with discipline and patience, we can definitely achieve big profits. And for this, we must make strategic decisions, and start holding with proper planning, and must keep emergency funds in the account, so that if we face unexpected expenses, we do not face any problem like stopping the holding.
Did you think you can hodl shitcoins for long? You are playing with your money and I don't think DCA strategy works with shitcoins, it would have been better and more understandable if you say the fluctuations of Bitcoin is absolutely normal because the price is not always stable rather than using cryptocurrency because we are not talking about shitcoins here which is forbidden in this thread so let's focus on Bitcoin and not shitcoins.
Using the word cryptocurrency here might mislead other newbies going to put there money into shitcoins which they will definitely regret because you mentioned crypto currency or maybe you think it is only Bitcoin we have inside cryptocurrency no there are other unreliable coin in it such as shitcoins that's why it is not allowed in this thread.
To invest in Bitcoin, it is very important to master our long-term investment strategy and hold Bitcoin for the long term according to the DCA strategy. Bitcoin is different from everyone in the cryptocurrency world, although there are other shitcoins. In Bitcoin investment, we can operate long-term investment services by following the DCA method, which is not the case with shitcoin. For those who are new to the forum and want to develop their human potential by focusing on discussing Bitcoin, I think this service should definitely be kept in mind and they should only be allowed to master the Bitcoin investment strategy. Whenever they come to discuss about cryptocurrency, not only Bitcoin will be discussed, there are various coin bases discussed.

Our main topic is Bitcoin, so I think it is necessary to discuss only Bitcoin instead of discussing all cryptocurrencies in the first place, so that they can gain proper knowledge about Bitcoin investment and how to hold it in the long term.