Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 07/05/2025, 03:05:00 UTC
I am not sure what the purpose would be for any newbie to be concerned about whether his bitcoin is going to double in the short term or not, especially since bitcoin should be considered as a long term investment, and anyone getting started buying bitcoin in the $97k prices is going to likely take a long time to build his bitcoin investment - perhaps 4-10 years or longer - unless you are suggesting that newbies are going to be ready willing and/or able to front load invest into bitcoin and then discontinue investing.
It kind of amazes me, they make it seem as though Bitcoin is one money doubling opportunity, like buying at $94k and watch it grow beyond $188k to get a doubled investment, it makes no sense for a newbie investor, I've come to understand that lots of people have misplaced priorities concerning Bitcoin investment they come in with the mindset of investing to take profit in a short period forgetting that Bitcoin investment is for the future and those that are patient enough to wait, I would've defended them with the saying that it's due to ignorance but at this point, it's no new thing that Bitcoin investment is for long-term purpose.

We are going to continue to have newbies coming into bitcoin with the same kind of ideas, and they are not even acting in bad faith.. it is just that normies have certain ways of thinking and do not even know what they do not know.. and surely if many of us have been invested into bitcoin for a while, so we likely have made several of those similar kinds of mistakes, and sometimes we figure out ways to learn from our mistakes and other times we repeat the mistakes several times before we learn.  So maybe sometimes we will figure out how to manage our cashflow and back up funds in order that we do not end up panicking, and also we might realize that if we moderate the amount that we put into bitcoin, then we might not get as emotional about it.. so sometimes it might help to hold back some of the money for buying dips, so that we feel better to have some money when the dip comes.  There are little tricks that we learn, and we also might realize that our investment is 4-10 years or longer, but when we first come into the investment, we might have difficulties planning that far into the future and it seems like a long time, but then after we had been DCA investing for 4 years or more, we realize that the time passes fast, even though maybe we might have had been feeling tortured for our first 4 years investing into bitcoin as we were getting used to investing into it and getting used to following our cash management practices.