Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 12/12/2024, 14:07:57 UTC
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...
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.
This is even more reason why we should invest in bitcoin in such a way that it will not stop us from solving our daily expenses so that we will not find ourselves in this situation and sell off our bitcoin investment to survive even though we are at a loss. Bitcoin investment is best done when you use the money you can afford to lose or the money you will not be needing for 4-10 years or more to invest in bitcoin, which will allow you to hold your bitcoin investment for a long time since the money is not allocated to solve your daily expenses. But if you use all your money and invest in bitcoin, you are likely to find yourself in this situation because you will not have enough money left to sort out your daily expenses, which will give you no choice but to sell your bitcoin cheaply to survive.