Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JoyMarsha
on 18/06/2025, 11:36:29 UTC
However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.
What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.
You are correct. Patience is not needed for someone whose mind is already made up on holding Bitcoin for long term. What the investor needs is for them to keep their seed phrase in a safe place, not to connect their Bitcoin wallet to unsolicited links, and to have emergency funds they can fall back on at any time, until the time they decide to sell their Bitcoin holdings for the price they find okay for them to sell, after seeing the huge gains they have made for their long term hodling of Bitcoin in their portfolio