Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 20/12/2024, 07:07:24 UTC
⭐ Merited by ginsan (1)
Since we cannot turn back the clock, we just have to try to figure out our BTC accumulation plan from the present, and if we feel that we don't have enough BTC, we have to continue to accumulate it... and sure your calculations might start to change once you start to reaching a status of having enough BTC or you have the fortune of getting to a status of having more than enough BTC.
That's right sir, we have to know when this should be planned and when it will be done. For that I myself consider that btc ownership is still far from my target so that accumulation continues as usual. There is no fear at all because there is no satisfaction in myself so that routine purchases must continue for the next few years.

If you look at BTC from year to year, of course the price changes and that makes planning every year change, meaning that every year scarcity will occur, the holder will win, that's what I often hear, so we want to be winners in the future so we prioritize continuing to buy and hold it.

I think you are also a winner, because you have held bitcoin for a long time, are you satisfied or do you routinely continue to buy btc.

I attempt to practice what I preach, and sure I have learned over the years, too, and I have made various mistakes along the way.

Yet, many times in these forum threads, when I am talking about what guys need to do, I am frequently assuming that guys are in their early accumulation stages in regards to building their bitcoin portfolio, so I try to address my comments in terms of the most likely audience rather than talking about my own situation, since I had already been in bitcoin for quite a while and accumulating starting back in late 2013.   It seems to me that newbies, and especially guys who are still in the earliest times of building their investment portfolios need to attempt to stay focused on continuing to build their investment portfolio, which takes a long time to build, especially for an overwhelming majority of newbies to investment and newbies to bitcoin.

When I got into bitcoin, I had already spent 20 years investing into other kinds  of investments, so I was in a decently good position to front load my investment into bitcoin rather than strictly building from nothing, yet I still spent a lot of time DCAing into bitcoin for more than a year, which was a front loading way of getting into bitcoin. 

I recall in late 2014, I was thinking that I largely had met my BTC accumulation targets which was reaching somewhere in the ballpark of 10% of my quasi-liquid investment portfolio into bitcoin, yet since the whole of 2015 bitcoin stayed down in prices, I continued to buy bitcoin and I ended up overaccumulating to around 13.5% of my quasi-liquid investment portfolio into bitcoin, so I felt somewhat overinvested, yet I did not take any drastic measures, and when the BTC price went up from around $250 per coin in mid 2015 to around $19,666 per coin in late 2017, my BTC holdings had gotten to around 85% of my quasi-liquid investment portfolio, and when bitcoin crashed into the $3ks in late 2018 and even in March 2020, my bitcoin holdings had gotten down to as low as 45% of my quasi-liquid investment portfolio... and so there can be ways to deal with these kinds over overaccumulation matters, and my strategies mostly emphasize holding, even though I really have not considered myself to be in my accumulation phase since early 2017 or so..

So what do you think. Seeing the enthusiasm of the US people if the changes to the Constitution under Trump's leadership will be better. I mean are they US citizens no longer afraid to invest in bitcoin. I once read in an article on X that they are US citizens afraid to invest because of the pressure that covers their minds. Is that right or wrong.

Sure there can be some hesitancies to invest in bitcoin when there are hostilities, and so Trump does seem to be continuing to vocalize both pro bitcoin kinds of policies, which likely will signify less hostility towards bitcoin in the coming years., yet we still need to see how Trump's rhetoric might materialize into on the ground changes that might contribute towards more individual adoption of bitcoin versus right now there does seem to be institutional and governmental adoption, which may well be different kinds of policies, since many bitcoiners are likely also going to be concerned about self-custody kinds of abilities that will allow them to transact and there also seems to be concerns about how some developers had been targeted under the previous administration too.. so there could be concerns about whether those kinds of hostilities will significantly lighten up under Trump.

Trump has tended to get into a lot of drama, and so it is difficult to know if he is going to be better (and perhaps less dramatic) in his second term, which is difficult to imagine, yet even if he is dramatic, there still be some ways in which he and the people surrounding him might be able to accomplish taking some meaningful proactive and/or positive actions in relation to bitcoin matters.