Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Churchillvv
on 24/12/2024, 22:50:34 UTC
⭐ Merited by JayJuanGee (1)
[edited out]

Never sell in a Loss. Even if Bitcoin falls to $70K or the technical analysis supports it.
Don't sell.
Don't be among the group that would start praying for it to fall again because they missed the opportunity
We only having this correction and we going Fly.
I'm still on my accumulation journey, and I have not even accumulated the amount of bitcoin I want to hold for the long term, so I am not even moved to sell my bitcoin for short-term profit or sell it because of a dip. My main concern is how I will accumulate the amount of bitcoin I want and hold it for at least 4-10 years or more. I have already planned my bitcoin investment in such a way that I am using the money I can afford to lose or the money I will not need for 4-10 years or more to invest in bitcoin, which will allow me not to depend on my bitcoin investment to survive and also allow me to hold my bitcoin to the desired year I intend to sell it. I want to be among those investors that buy bitcoin from the weak hands.
  Perhaps I may not know the amount (dollar) which you put into bitcoin (daily, weekly and/or monthly) however I would say even in the next 4 years you might still want to be in your accumulation stage, of course there are people here who have had bitcoin from the last 4 to 8 years yet still prioritize buying more bitcoin or in your terms still in their accumulation stage. No matter the level of aggressive buying one might do with the level of confidence in bitcoin, I still see reasons even after 10 years as you said to keep buying more bitcoin.

Taking the OG's from the wall observer thread including JayJuanGee for instance still sees reason to keep accumulating more bitcoin even after so many years of buying, hence I put it to you @Mayor of Ogba that buying bitcoin shouldn't have a year limit as newbies as we may not even be able to accumulate enough bitcoin within the expected years. I encourage buying bitcoin regardless of it's price untill one have a significant amount of bitcoin sitting in a cold storage where it would be more safe to hodl.

Quote
so I am not selling my bitcoin cheaply to anyone because it takes me a lot of time to accumulate the amount of bitcoin I have now.
Perhaps, selling is never an option to use newbies in bitcoin investment, I personally haven't seen a reason to sell because with the basics we have acquired in bitcoin investment we shouldn't in the first place buy bitcoin with a certain amount of money that we cannot do without in a long period of time and before investing some considerations are being made like having an emergency funds that can serve at least 4-6 months hence keeping hands into our invests wouldn't be an option.