Post
Topic
Board Speculation
Merits 4 from 2 users
Re: Buy the DIP, and HODL!
by
Shadiq
on 24/03/2025, 11:27:36 UTC
⭐ Merited by Jewan420 (3) ,JayJuanGee (1)
I think you should start investing rather than looking for quick profits from Bitcoin. It takes at least 4-10 years to complete your preparation for profit after investing in Bitcoin. During this period you should regularly keep all the necessary elements for accumulation Bitcoin based on your own discretion, such as strengthening alternative sources of income, backup fund for long-term investment and floating cash funds to prepare for bear markets and aggressive buying.
Your paragraph is right. An investor can be successful by working to keep his investment and income flow stable at the same time. Therefore he should focus on starting the investment with small amounts of dollars at the beginning  and than backup fund. In the following years, there is a possibility of getting a huge stash with gradual investment growth. But in the simple investment process of Bitcoin some people make a short sighted decision to sell Bitcoin in the hope of profit later. However those investors should start a process of quick profit after accumulating one or two cycles of Bitcoin and getting a reasonable portfolio. If he/she wishes.
In this case, your goal setting will play a big role. If your goal is 1 cycle or 2 cycles, then you can definitely take profit after achieving the goal if you want. However, the way you mentioned this in the opening line is very confusing.

Basically, we cannot interfere with the goal setting of any one person. Holding Bitcoin for 3 or 4 cycles would be commendable on my part. In this case, if your goal (one cycle or two cycles) is not very long-term, then it is not such a wrong step that you are taking. You can call 4 to 8 years a long-term investment. In this case, no one should have any hesitation in taking profit if your goal is achieved. However, no matter how long-term you plan, I think selling the entire portfolio after achieving the goal will not be the right step or it will not be very effective or fruitful. If you completely exhaust the wealth that you have earned through long-term hardship, you will definitely regret it later. Even if you take profits gradually instead of selling outright, you will continue to profit from it for a long time and your hard-earned wealth will never run out. Even if you can diversify your investments and create alternative investment areas, you will continue to profit from them, which will be fruitful for your next generation as well.