Re: Buy the DIP, and HODL!

Quote from: Barikui1 on Today at 08:34:26 AM

Quote from: SmartCharpa on Today at 07:40:53 AM

What's the point of investing $200 if all they can get back is $4 or $5 in a short time? That type of profit is not enough to consider someone as a serious investor. It's like working hard and taking risks just to get something that won't be useful for anything. $4-$5 will not even buy you good food in some places, so why would someone risk $200 for that? Investing in Bitcoin should be done for the long term, to grow our investment and not chase small profits. If someone is only focused on short term profits, they are not investing, but they should be considered a trader or gambler.

However, a real investor believes that the market will rise and fall and they are prepared to wait. To be successful in investment needs patience, consistency, and not looking for a quick profit. And anyone who wants to build their wealth through Bitcoin should focus on learning and holding for the long term and not in and out for a $5 profit.

You are actually right and I also share the same sentiment as you bro, the way Bitcoin is wired, it's more profitable if you buy and hold for a longer duration than for a short time.
Just look at the historical record of those that bought it 10years ago or even backwards, can you imagine the level of profit they would be in now if they are still holding till now?

Just reflect back or make calculation on the value of Bitcoin then and now, you will understand what am actually saying, and if you buy Bitcoin now, you can still get the same level of result because we are still in it early days, and it's no where near it peak price just yet, so just buy and hold for a longer duration, than to be fooling yourself thinking that taking small small profit can be significant enough to change your financial status, when you can achieve that by holding for like 10 years or more.

From the onset of bitcoin investment, it has always been so impossible or unbelievable to people when you look back to see how fa bitcoin has gone from below $0.2 in 2010 to above $107k in 2025 just 15years away. I don't think there has been any investment as lucrative as that in records. This does not mean that bitcoin is done growing, as it's awareness campaign continues it's chances of getting better increases. Take a look at the chart below;

https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
This clearly describes the fears of dips and it's resultant afterwards. Bitcoin has a way of leveraging on market corrections to push for a new ATH. Bitcoin closing at less than $77k in November 2024 peaking as at that time and in 7 months time we are at $107k.

Note that $77k was an ATH back in November 2024, even market dips in present time would not be expected to touch the $77-70k margin. This is the reason behind canvassing for a long time holding and not limiting your bitcoin accumulation to dips alone. Any Price you see today is a potential Dip limit and in response to this, buying at all time could pay off better in a shorter time even though your holding time is through at least 2 cycles of bitcoin.

Diversification is good for those that feel they have the need, but that is not the best. Being privileged to learn about bitcoin and accumulate bitcoin is a rare opportunity and should not be short-lived. I have nothing against whatever you choose to do with your money but we only suggest while you have the right to choices.

Same way Among all asset classes, The cryptocurrency's first significant price increase occurred in October 2010 when the value of a single bitcoin started moving past its long flat price of less than $0.10, making Bitcoin one of the most volatile in trading histories.

For those who still have fears and need more knowledge to understand how reliable bitcoin is, https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp