Re: Buy every dip, and HODL!

recommended to choose your youth age to do this and continue to accumulate Bitcoin regularly. If you can build a decent-sized holding by accumulating Bitcoin during the prime of your life you can be rewarded for your time well spent. Some investors either out of greed or emotion decide to sell their valuable Bitcoins which can dull their feelings at the next high price. Because it is clear that Bitcoin has the potential to increase in value over time holding is the best decision to make.

If unique bitcoin holders follow the way you make your point, they can certainly be tempted by the benefits. If a long-term bitcoin holder continues to invest bitcoins following the opportunistic DCA method, he may be tempted to sell his bitcoins whenever he looks at his valuable holdings for cash.

This is subjective and not particularly true, our minds about Bitcoin investment matter. We have a lot of people who used the DCA approach to buy Bitcoin and have not sold any of their Bitcoin for over 10 years and we've seen some people who used whatever approach you have in mind but sold it at the shortest possible time. This concludes that it is all about the person in question, disposition about Bitcoin varies. The serious Bitcoin buyer will buy it with the intention of long-term HODLing, which I term "Buy And Forget" and the DCA approach can surely help in starting it.

In fact, every investor makes an investment decision based on his/her own financial situation and risk-taking ability. Those who decided to invest in Bitcoin in the past (5-7 years ago) they are now proud of their right decision today, because Bitcoin has already given them a lot of good things. But those who did not invest in Bitcoin in the past, or panicked and sold it a few days after investing, they are deprived of this success today.
That is why to get success from Bitcoin, you have to invest, and forget/hold for at least 10 years. The highest possibility of Bitcoin success is only available from long-term holding, So regularly 'buy with DCA and forget' 'buy and forget' 'buy and forget'. And keep it uninterrupted for 10 to 12 years, and without looking at the price, just hold, hold and hold. Only then can an investor get very very near "Possibility" to achieving success.

One thing i've come to realize about long term holding is that, no matter the years you choose to invest in, be it 10 or 12 years, after you must have arrived at your estimated amount of years for your holding and made withdraw some amount to be used for your pre planed project, there is still a great possibility that bitcoin will still rise above that value which you have sold. And either way you are losing from any profit, beside you have been accumulating profits for the passed 10 or 12 years of your bitcoin holding. However its possible some persons who sell huge amount of bitcoin now mush have been accumulating for a long term and have arrived at their target, so let's not just look at this situation from one angle, but from both sides. Though my advice is that even if you must have gotten to your target and you want to sell do not sell all your coins because that is where the regret comes in when the price begin to rise above your expectations. That is why we need to crutically make plans for our holding so we don't do things off our scheduled.

Maybe it's better to just like sell 20%-50% of your holding and then put it into your dream, like maybe a house or a car or others. And then just try to repeat the process again, accumulate as much as you can, build your portfolio, don't look back at the Bitcoins that you have sold, but instead, challenge and motivate yourself to keep what you are doing because that is very effective and no one can take that away from you.

Well, I don't buy the idea for people who are in their accumulation process to sell 20%-50% of their bitcoin investment just because they want to buy their dream car or house and they are yet to accumulate the amount of bitcoin they want to hold for long term. Selling part of your bitcoin when you are still in your accumulation stage has a negative effect, and if you are not mentally strong enough, you will likely sell your bitcoin portfolio if bitcoin increases to the extent where you will regret why you sold part of your bitcoin too early. This is one of the reasons why we should invest in bitcoin with the money we will not need for 4-10 years or more so that we will always be in the position of solving our needs without selling our bitcoin prematurely to solve them.

Having the opportunity to stick with the initial plans of an investor is one of the reasons why there should be a particular agreed where the investor will like to hodl before thinking of selling part of his Bitcoin, a good investor has different sources of income and maintains their investment strategies, they hardly think of selling part of their Bitcoin before the number of years they have written down to keep holding that's why you don't see great investors thinking of selling their Bitcoin even when the price of Bitcoin is very high. To avoid selling off part of your Bitcoin to purchase luxuries and properties you need to have several streams of income aside your regular Bitcoin investment income so that you won't regret after selling your Bitcoin.

In the other way round I also see the need to sell some of your Bitcoin if you have been holding for a long term and has accumulated a good number or Bitcoin for years and you have an emergency which your income can not solve, selling some part to take care of it shouldn't be seen as a bad thing since the essence of investing in anything is to make profit to take care of yourself and to better the life of your family. I do not support anyone selling all their Bitcoin but if their are needs to sell some, do not hesitate to do so especially if it involves saving a life.