Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Moreno233
on 01/08/2025, 20:36:33 UTC
⭐ Merited by JayJuanGee (1)
In no case should you wait for the price to fall or rise, this is already an attempt to become a trader. But in reality, no one knows whether the price of Bitcoin will rise or fall tomorrow.
We should not wait and guess, you just need to invest constantly and maintain investments. I mean, we cannot invest today according to the DCA, and in a week, due to everyday needs, transfer money to fiat, because we wanted to buy something.
This is not investing, but deceiving ourselves. And I am sure many do this due to weakness of character. This cannot be allowed.
Strength of character and the ability to not change of our views will be rewarded.
Those you might be seeing selling their Bitcoin just because they ran into problem are doing such because they don't understand the value of have an emergency fund at hand.  There are many traders and investors that had made this mistake in the past and it wouldn't make sense for us to make the same mistakes again. Crypto investment should not be seen as a means of making quick profits from the market.
You made a very good point in your submission but using crypto instead of Bitcoin make you derail a little and it would be better to retain the world Bitcoin so that people reading the discussion do not think that the numerous shitcoins that are regarded as crypto are worth buying and holding. Buying shitcoin and holding is dangerous because most of them of not all, get worse and even die with time and there is record that over 95% of die after a very short time.  Therefore, to avoid confusion, it is better to maintain the word Bitcoin I our discussion.