Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Odohu
on 21/01/2025, 03:02:27 UTC
⭐ Merited by JayJuanGee (1)
Delays are not dangerous, it's the ignorance and greed that are, in my opinion.
Nothing wrong with buying Bitcoin later - even if the price would differ, if you would apply hodling it appropriately, everything would still be fine.
Delay by definition is not doing what you are supposed to do at the right time. In business, most delays attract what is called demurrage which is like a penalty paid for such delays and paid by the party that caused the delay. In Bitcoin investment, delay can be liken to a situation where an investor have the money to buy Bitcoin but might still be delaying to do that thereby missing the opportunity to buy at lower prices or buying at all because something might happen and make him spend the money on things he never would have bothered to buy when there is no such funds in his hands. This is the price he paid for delays and it also confirm that for every delay in a thing, there is always a cost.

Make no mistakes, delay is not the same thing as waiting for market to correct so you you buy at the dip, this is different in every aspect you view it. Buying the dip means you are just waiting for the right time to buy at the right price and never the same thing as delay.
Long term investor should not be bordered about what the market is looking like because at every moment where there is a missed buying opportunity the Bitcoin investor will find it difficult to recover that moment because it will e difficult to meet the market at the same price level the next moment you decides to make the decision to buy.
There is sense in your post but viewing it from another perspective, it sound like FOMO which is a bad trait every Bitcoin investor should jettison to enjoy emotionless and effortless investing that is linked to peace of mind (our ultimate goal). From the market dynamics, we know that correction happens which means price will not continue in one direction forever rather it will retrace sometimes thereby giving people the opportunity to collect Bitcoin at lower prices. Nevertheless, this is not that important for a long term investor because whatever your entry point is, as long as you are holding for long, you are fine. The differential in the quantity of Bitcoin collected at different points within the same period of time is always compensated for through long term HODL. Let me use a scenario to explain, if I have $10k to put into Bitcoin within a month, I might decided to buy all at once when Bitcoin is $95k for instance or buy little by little at different prices within the range of $90k-$98k. But in reality, the average price for the second option might be $94k, which is just $1k difference from the first case; assuming after a long time the price shoots to $120k, this difference of $1k buying price will be insignificant. In summary, we should not bother much about the entry price rather lets focus on buying Bitcoin with our discretionary income at every given opportunity and ensure that same is held for as long as possible for therein lies the real gain of investing in Bitcoin.