Ongoing buying whether on the dip or not seems to be a good practice, yet there are quite a few guys who get to a certain quantity of bitcoin and they wrongly start to conclude that they have a enough or more than enough bitcoin.. and surely none of us can decide these kinds of balances for another member. In other words, each of us is responsible for our own bitcoin holdings including making sure that we have enough and/or more than enough.
Once we reach a status of enough and/or more than enough, then more options will tend to open for us.
Exactly, We have different target and preference on how much we want to hold but for user like me that using Bitcoin as my future investment I have no define target amount since I preferred continuously growing my Bitcoin stash by sending them on my hardware wallet and rarely check it to avoid being tempted to sell.
I don’t know anymore my average buy but I do know that I’m in huge profit ever since I start stacking Bitcoin few years ago after the Covid-19.
Aside from buying and holding, What is your other source of Bitcoin? Do you involve in mining?
It’s very important that we have a target in our Bitcoin investment, it’s also very important that we prioritize holding our Bitcoin assets instead of trading, It’s more important we invest for the future that is why is also very important to holding Bitcoin. We can also avoid being tempted to trade our Bitcoin assets, Placing a working plan.
Having an Emergency Fund, Floating Fund, that will help us with solve some problems, that will help us anytime we are tempted to touch our bitcoin assets. This plans helps me to stack up my Bitcoin assets so I wouldn’t be tempted in touching my holdings
Centralized exchanges or decentralized exchanges is an option for sources, Mining was never an option for me.