Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy every dip, and HODL!
by
Tungbulu
on 14/01/2025, 07:07:48 UTC
⭐ Merited by Just Say (2) ,JayJuanGee (1)

These are not necessarily bad ideas, since surely after a whole cycle there is likely a certain amount of BTC price performance, and even if a guy mind spend a lot of time accumulating bitcoin in his first cycle, then he may well end up with a lot more options after the second cycle, so yeah, I can agree with those kinds of ideas... but still your talking about profits seems like such a trader way of framing matters, and I doubt that it is helpful or realistic to be framing matters like that.

Ok.. sure the bitcoin that we accumulated the earliest in our bitcoin journey are likely way more profitable than the bitcoin that we accumulated later in our bitcoin journey, yet even with myself, I went back and looked at some of my old records, and it sometimes becomes a bit difficult to measure how much I spent and how many bitcoin I got for that money, so then it might be more difficult to know some of the specifics as compared to having some better ideas about how many bitcoin you currently have, and whether how many you have is enough to accomplish what you might want to accomplish.. such as if you were to start to withdraw them from time to time, you might not give so many shits about how much they are in profits or not in profits, but instead you might become more concerned about do you have enough bitcoin to start to spend from your stash because I would presume that if you are spending from your BTC stash, then you are either presuming that you have enough or that you have more than enough, and you are selling portions of your stash that are more than enough.

How would you be motivated by your assessments of your profits if you are thinking about do you have enough BTC and can you start to spend from your stash?  We are going to presume that you are in profits if you are starting to sell some of them, no?
I’m also very much of the opinion that focusing more on profits when investing in Bitcoin can be considered to be more of a trader perspective and this is a very flawed and unrealistic way to approach our Bitcoin holdings, I’m solidly with you on that assertion.

Whenever an investor begins to consider using or selling some chunks from their BTC stash, the focus should be less about the profits and more about whether they have enough to cover or actualize what they want. It’s more of a shift in the mindset from “how much can I really make” to “do I really have enough to cover my needs?” So yes, if an investor decides to sell some BTC from their stash, then that should be because they feel that they’ve got enough BTC or more than enough to actually cover their needs, and so the profit aspect becomes less of a concern to the investor.

Those who are more concerned about the profit aspect are those who are actively trading their coins or who attempt to time the market, but when you’re an investor, the focus changes from that to using your Bitcoin for an actual purpose, that’s an investor’s mindset.