Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Litzki1990
on 17/12/2024, 02:13:49 UTC
Since you have been around since 2017 @Litzki1990, it is likely that you have had time to accumulate BTC over the past 7.5 years, as compared with someone who is newer to bitcoin.  The newbies may well need to just stack bitcoin for at least a whole cycle without looking at price before they become too sensitive to various BTC price movements.

To catch up, I have been involved with investments for a long time. When I first came to know about Bitcoin, like 10 other new members I was skeptical about Bitcoin which is why I didn't invest in this coin initially. But gradually when I came to know about this coin and when various big media started publishing news about this coin regularly, I became a bit focused on Bitcoin and decided to start investing in this coin with a small amount of money. 

In the beginning my investment journey was a bit like trading because at that time I didn't hold my investment for long after investing but after investing I sold my investment at a small profit. But when I saw that despite the regular fluctuations of the market, the market is moving in a good position and the popularity of this coin is steadily increasing, then I became more serious about this coin. At that time I didn't have that much money to invest a lot of money but I tried my best. 

But in the last two years I have been very successful in investing in these coins because in the last two years I have only invested and in contrast I have not sold my investment amount. I am still trying to hold on to the investment. Although my target was to sell bitcoins at $100k, the market still looks positive to me.  People like me who gave so much importance to investing in Bitcoin may now be smiling with success.

Not only traders but also investors who sell their bitcoin investment too early during their accumulation journey will regret ever doing that because we have seen how bitcoin keeps increasing in price. This is the more reason why we should always use the money that we can afford to lose or the money we will not need for 4-10 years or more to invest in bitcoin so that it will allow us to hold our bitcoin investment for a long time since we didn't use the money that is meant to solve our daily expenses to invest in bitcoin, which will allow us not to sell our bitcoin investment to get our daily expenses sorted out.
The future of the investment is uncertain, maybe an investor plans before investing that after one year he will sell the investment and by selling the investment he will meet his needs. But after one year, the market may not change according to his wishes, in this case, the investor may be in danger if he is sitting on the trust of that investment. That's why investors are always advised to invest only the amount of money that you don't need or the amount of money that will not affect your financial life badly if it is lost from your life. There are many people who borrow money from others and invest in bitcoins.

I always ask them a question that when the person asks you to pay them, where do you pay them from? Maybe many investors simply answer this question that they will sell their investment at that time. In this case, I have another question that if there is market dumping at that time, will that investor sell his investment at a loss and pay off his debt? 
Assuming he pays off his debt with a relatively small loss, where is the investor profit? 

There are many things to think about before investing. I think every investor should think about these things so as not to regret later.