Re: Buy the DIP, and HODL!

Currently the market condition is very bad. But those who have long-term plans are not disappointed by the market, rather they will use the opportunity to buy the dip.

This is supposed to be an investment in a dumping market, but in my case, the opposite is happening, especially today, when I sold my Bitcoin. However, the smart ones in this market are those who plan to buy and hold for the long term instead of selling. However, today I was forced to sell my accumulated Bitcoin to do some Eid shopping, and I hope I will regret selling this Bitcoin in the future.

Don't sell your BTC, hold it ..

This is why setting a discretionary fund is considered very important during this process of accumulating bitcoin, because is going to help you leave your bitcoin untouched in your portfolio till when it finally hits your target. I'm pretty sure that every investors has his/her target even before they start accumulating bitcoin, But I don't know about you who have chosen to sell off your bitcoin at this early stage, though I don't know how long you have been holding your bitcoin either.

But if I should guess correctly, I think you're doing this because you're left with no any other option than selling off your bitcoin. Of which is not meant to be so, more especially this period that bitcoin is still facing some correction in the price. Actually I think selling it when the price was around $106 to $107 would have been a good idea than selling it at this cheaper rate.

A new investor who is a low coiner shouldn't involve in any selling practices when he is still on his accumulation journey no matter the price of bitcoin wether it 108k or 81k. This is because he might end up selling more bitcoin more than he expected and that shows that he is a trader and a gambler. This is why we must use part of our discretionary income that can enable use hodli for a long time.

I feel that Nothingtodo invest in bitcoin in the wrong way and that has made him to sell his bitcoin at loss just for celebration. A long-term bitcoin investor must have a proper plan on how to invest on a long term bitcoin accumulation journey with consistent and persistent weekly DCA buying. He needs to also find a way to increase his income so that he can have a good financial strength in order to take care of whatever needs that arises without touching his bitcoin investment.

Emergency funds, reserve funds are also important for you not to sell your ongoing bitcoin investment when it's not of your own will. Our main priority is to keep focus on increasing your bitcoin investment overtime to your target for the future and not reducing the size of what you are accumulating.