Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Olatundespo
on 20/01/2025, 16:30:58 UTC
Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.

They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.

That's why knowledge and consistency in investing in Bitcoin are important, because many people who enter Bitcoin invest by just following other people, they don't understand Bitcoin's volatility and its potential in the future - even many invest like gambling/trading. Because if they understand how to invest properly in Bitcoin, they will not be affected by the market, and will continue to regularly invest in Bitcoin at any price using their discretionary income or money they are ready to invest, and hold it even more than 1-2 cycles until they can get a decent profit from it.
As an investor when you start depositing Bitcoin you will automatically understand how to consider the next step and try to accumulation process more. Having consistency in accumulation to reach a reliable position. Uncertain investments like shitcoins are considered a way to lose capital for you. Honestly I have been in the crypto investment age for a few months and in the meantime I have not yet seen a reliable investment medium compared to Bitcoin considering the market situation and this is certainly not a bias. It has been considered based on the criteria of a little research on the value of Bitcoin with experience from reality.

You should refrain from making yourself unstable with the stable situation of Bitcoin. You may be trying to match Bitcoin with a volatile asset but I think that the characteristic of Bitcoin is that there will be rapid fluctuations in its price and with this try to keep yourself stable as an investor and make a habit of accumulation at regular intervals.

With a steady supply of discretionary money, you can accumulate Bitcoin over multiple cycles/years rather than being limited to one or two cycles to build a decent holding in the future. Focus more on holding Bitcoin than making a profit.