Re: Buy the DIP, and HODL!

When I invested in Bitcoin, I did not try to take profit and I am not trying to take profit from my investment till now. Currently, instead of taking profit, I am trying to take my investment further so that at some point my capital amount will be much larger and my profit amount will be much larger and I can set up another business with that profit and capital.

Well, Lidger this is still trading to me, targeting when your investment is profitable to shave off profits is not a good attitude towards your portfolio. In bitcoin investment, you should have an accumulation target as well as a holding period (4 - 10 years or more for greater profit potential). You must be disciplined to try your best and not take profits from your investment until your holding period elapses. Even when you reach a status of overaccumulation before your holding period terminates, you can set a higher target and keep accumulating since the bigger the stashes, the greater the profits.

Bitcoin is not like any other normal investment procedure and selling off all your BTC for another business because you saw good profits in your investment might not be the best option since bitcoin has the potential to appreciate more in value and is still arguably one of the best investments. I would suggest saving for that business setup separately and at the end of your holding period, you must have saved a good amount to kick start the business and maybe you can shave a little profit from your holdings to add up and setup the business, rather than devouring your investment totally for it. You can do whatever you want with your BTC, but be sure not to overdo it and regret later that you sold off many BTC so soon like many others regret today when they reference on the profits they missed because they sold much in a hurry.

It is never a good idea to start a business by selling your Bitcoin savings before the expiry date. If your investment period expires, you can withdraw some amount of money from your Bitcoin portfolio and do something. But withdrawing the entire amount of money may be a reason for your regret in the future. But what one does with his Bitcoin portfolio after the expiry date is a personal matter.

There are many investors who save Bitcoin only because they will create a business organization in the future. They gradually invest the amount of money they need to create a business organization in Bitcoin and after their period expires or while creating their business organization, they can sell their Bitcoin portfolio. And with that, they can create a business organization.

There can be tough choices in life, and surely there can be people who might feel that they are not able to earn much or even enough money when they are working for someone else, and they might speculate that they are able to make more money by investing into a business and/or perhaps by getting additional training to qualify for higher paid positions (promotions or perhaps getting work in a different field from their accustomed field).

It is not necessarily a bad idea to divest from bitcoin for those kinds of purposes, even though it also may have had been better to find funding through other sources, so guys can be left with dilemmas, especially in regards to the kind of income that they can earn with their present skills versus either gaining skills or entering into a business that might require capital but allow for the leveraging of labor to potentially be able to make more money than without such a business.