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Topic: Buy the DIP, and HODL! - page 257. (Read 123883 times)

sr. member
Activity: 938
Merit: 292
March 23, 2024, 11:23:51 AM
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
For those who want to collect Bitcoin and survive for the long term, of course they must be able to have planning and capital that will not be used for needs in the near future, because when someone is forced to invest with the capital they have, they will not be able to survive for long and must sell at a loss and for investors who hold for a long period of time of course they must make thorough preparations to be able to hold for a long period of time to be able to look forward to profits from holding Bitcoin.
People who know about Bitcoin and its potential must try to collect Bitcoin. If an investor has financial problems then he will follow DCA method. DCA strategy is mainly suitable for those investors who cannot invest large amounts at once. When an investor follows DCA then that investor will not have the problem of financial stress. He will have every opportunity to grow his Bitcoin portfolio by investing there as per his wish. DCA is a perfect solution for such investors who want to withdraw money quickly after investing for any reason. Moreover, those who are willing to invest for the long term can get a chance to own a large asset by keeping a small amount of money regularly in Bitcoins. An investor will have the opportunity to build a huge wealth with a small amount of investment on a regular basis which is not so easy from other platforms except Bitcoin.
full member
Activity: 126
Merit: 93
March 23, 2024, 11:06:34 AM
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
For those who want to collect Bitcoin and survive for the long term, of course they must be able to have planning and capital that will not be used for needs in the near future, because when someone is forced to invest with the capital they have, they will not be able to survive for long and must sell at a loss and for investors who hold for a long period of time of course they must make thorough preparations to be able to hold for a long period of time to be able to look forward to profits from holding Bitcoin.
Yeah , when come to investing (long-term investment) we wil  have to plan ahead to able to secure a smooth investment. For instance one is not advice to always go in at once when accumulating bitcoin, but rather use certain percentage of your earnings in order to keep up with your regular life style when investing in bitcoin. For instance you can use %10 of your earnings in accumulating using one of the common strategy which is DCAing, And focus the other percentage in your emergency funds and reserved funds. Because if one lack such manner of accumulation ( expecial those that not too financially stable). You may endup not being successful with his bitcoin investment.

Is it always profitable to hodl (hold) Bitcoin
While Bitcoin has experienced significant growth over the years, it's important to remember that the cryptocurrency market can be highly volatile. This means that the value of Bitcoin can fluctuate quite a bit in a short period.

HODLing (holding) Bitcoin can be a long-term investment strategy for many people, especially if they believe in its potential for future growth. However, it's crucial to consider your own financial goals, risk tolerance, and market conditions before making any investment decisions.
Bitcoin has always been a boon for long-term holders and this is evident from the market module. You will be more successful if you manage your investment for 5-10 years with the idea of holding between price movements. Traders who don't believe in holding for the long term, they bet on bitcoins in the short term and sell out with little profit. They can do this activity for years.It is because of these traders that the market is so volatile. But now main Holder goes ahead with the investment till a mature period.All kinds of investor roles are highly needed in the Bitcoin market, but your role should be Bitcoin holding.

It's also worth noting that past performance is not indicative of future results, and the cryptocurrency market can be unpredictable. It's always a good idea to do your own research, stay informed about market trends, and consider seeking advice from a financial professional.
Why not... past actions can be helpful in building your future. Your profit depends on how and when dip you buy bitcoins. Investing in Bitcoin is your asset should be properly managed at the time of planting. In this case, you can divide it into several slots while buying Bitcoin.
hero member
Activity: 952
Merit: 555
March 23, 2024, 10:34:22 AM
This kind of investment is more suitable for the salary earners and low income individuals who are interested in making an investment in bitcoin using the particular pattern of DCA to begin their accumulation, this will definitely help them in making use of the opportunity to invest for their own advantage at an affordable rate using a desiring pattern of DCA, all they may also need is the time to hodl while waiting and they keep buying the more, before they realized, small investment would have accumulate to something big.
sr. member
Activity: 532
Merit: 345
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March 23, 2024, 10:29:03 AM

It's very true that a long term holder sees things totally different from a short term holder, because anytime the market deep, a long term holder sees it as opportunity to buy aggressively as long as it doesn't affect his emergency funds, while a short term holder always panic and most of them sell, anytime their is a correction in the market, so it's very clear that the reaction of an investor determine if truly he is a long term holder or not.

If a person invests properly and creates a desire to buy DCA regularly, then that person will definitely invest for long term. But those who sell opportunistically and are willing to sell their holdings out of greed are essentially in business. They will never be able to keep calm when they see the high movement of the market, so those who are essentially long-term holders must wait for a few years. And he will keep calm and be prepared to extend his investment for longer. That is the clarity of long-term investing.

If you invest in Bitcoin you must hold for the long term. To invest in Bitcoin you must first learn to be patient, if you can't be patient then you can't hold long term. Most people can't afford to buy 1 bitcoin, but if they can invest long-term with DCA method, the investment amount will definitely be huge at some point. So it is best to invest in DCA method.

I have invested in DCA method and gradually the amount of investment has become huge. I could not afford to invest so much at once. But I started investing with DCA method which has increased my investment volume today. For those of you who haven't invested yet, start investing in the DCA method and hold for a long time.
hero member
Activity: 1666
Merit: 453
March 23, 2024, 10:06:57 AM
In the few halvings that I have seen or witnessed, most of the people who bought bitcoin buy it when the price of bitcoin is too expensive. This is the same type of person who rushes to buy bitcoin when it has taken off.

Yes, most people know to buy bitcoin on the dip, but in reality, that is not what most communities in this field do; only a small percentage of those who actually buy bitcoin do so. Even until now, for sure, 100k bitcoins will be bought by people who don't know anything about bitcoin. Right now, they will say Bitcoin, but when they see 100k per bitcoin, they will decide to buy it.
sr. member
Activity: 308
Merit: 256
March 23, 2024, 09:35:10 AM
When we are talking about buying at a dip, it is mostly the average investors that waits for a dip because their input is little therefore he will look for a time when he will buy at a more dipper price, then the rich doesn't even care about a dip because they are dealing with huge amounts of money of which they know that they will make some profits in it and they don't even DCA as most of them prefer buying a particular amount of Bitcoin and doesn't accumulate further but the average man uses the DCA because his investments is not in large quantity so it would take some time before he can accumulate as many as he wishes to using the DCA.

I think you are misunderstanding the concept of buying the Dip because is not only the investors that has smaller capital that utilizes the opportunity when the price is dip, so perhaps in most cases investors that has large capitals are the ones that utilizes the opportunity the most and not because they are not following the DCA method but but because they strategize themselves in such a way that they keep a certain amount of funds so that if the price dip they can accumulate as much as they can while there DCA are still running, so I disagree with you on the aspect you mentioned that is only the average investors that utilizes the dip, however one thing you should know is that Lump Suming is another word for investing huge when the price dip and is mostly done by most investors who has a large capital so they always utilizes every opportunity when the Bitcoin price drops.

Yes I agree with you completely and another thing is that the dca strategy is not also only limited to the average man that doesn't have much finance the dca are use by both the investor that has much and the investor that didn't have much. In as much the dca has enormous benefits one the major aim of the dca is to mitigates the short term Price volatility by buying at different price point. so the dca should not only be talk about or limited in terms of the average man.
hero member
Activity: 588
Merit: 466
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March 23, 2024, 08:43:45 AM
When we are talking about buying at a dip, it is mostly the average investors that waits for a dip because their input is little therefore he will look for a time when he will buy at a more dipper price, then the rich doesn't even care about a dip because they are dealing with huge amounts of money of which they know that they will make some profits in it and they don't even DCA as most of them prefer buying a particular amount of Bitcoin and doesn't accumulate further but the average man uses the DCA because his investments is not in large quantity so it would take some time before he can accumulate as many as he wishes to using the DCA.

I think you are misunderstanding the concept of buying the Dip because is not only the investors that has smaller capital that utilizes the opportunity when the price is dip, so perhaps in most cases investors that has large capitals are the ones that utilizes the opportunity the most and not because they are not following the DCA method but but because they strategize themselves in such a way that they keep a certain amount of funds so that if the price dip they can accumulate as much as they can while there DCA are still running, so I disagree with you on the aspect you mentioned that is only the average investors that utilizes the dip, however one thing you should know is that Lump Suming is another word for investing huge when the price dip and is mostly done by most investors who has a large capital so they always utilizes every opportunity when the Bitcoin price drops.
sr. member
Activity: 1022
Merit: 363
March 23, 2024, 08:02:49 AM
Comrade Someone once asked one Warren Buffet, when is the ideal time to sell off your investments. He replied, never.

A solid investment that is good enough to buy today is good enough to keep forever.

Bitcoin  collection can yeild high returns, however, that's not how we should be approaching the whole hodling strategy
Yeah hodling Is the goal here, because bitcoin as the potential to keep on growing, ( though there's no guarantees) but still we'll believe so. So having the thought of selling your bitcoin won't be smart at all. But there's some point you can decide to take some profit from your investment , when you have gotten far with your accumulation , so if you have gotten to such point this would be helpful JJG Sustainable Bitcoin WithdrawalStrategy
Yes, you are right. Hodling is the goal of investors so that they can get maximum profits and can expand their profits. But some people try to sell a small portion of Bitcoin to take advantage and that is fine because it might be a plan they have prepared beforehand. But they still keep most of their Bitcoins and carry out DCA to add more Bitcoins.

Each person must have their own plan and if you haven't made it yet, make it immediately before everything changes and you are really too late. Investing in Bitcoin using DCA is a good plan so that we can have peace of mind in investing the money we have but of course, we have to learn more before making a decision.

Hodling is target to be done by a lot of investors since there's more potential to earn rather than trying the other risky option to earn. There's a lot of information to search and for sure if people will just do their own research for sure they can set up their own plans and figure out that there's basis on everything discussed by people in this thread. As been said there's nothing worry if they sell the small portion of their profit since they can enjoy those amounts and they are still fine since there's a balance stake and they can continue to hodl.

Each person must have their own plan and they should carry out their own strategy since they are the one who can determine that fits on their financial capabilities.
sr. member
Activity: 476
Merit: 316
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March 23, 2024, 07:37:45 AM
Bitcoin investment is not buying of candy, and you are investing for the future, because the value of bitcoin tends to move in an upward trend more than downward. This is why you must venture into something realistic, and worth sacrificing more for. $10 for one month like you said is $120 in a year and in 10 years, it is $1200. Is this the best you can do. How would you transfer your coins from an exchange to your private wallet, is it after 5yrs or 10yrs because your transaction output matters a lot. So that you don't end up having small output, and later in future if tx fees are high, you end up using almost all your profit, if not all for transaction fee, when you are ready to sell your bitcoin in the long run. I believe that as time goes on, and bitcoin price keeps increasing, your $10 will be worthless. This is because the unit it will buy you would hardly have any increase to your portfolio.

Big up mate, if you don't have much on you or cannot afford to invest in bitcoin because of low income, you should try to look for a second means of income to increase your total income or cut down your expenses, so that you will use the excess that you will not be needing for long to invest in bitcoin regularly through DCA. In ten years time, when you look at your portfolio, you will be proud that you increase your income, and used to reasonable amount to DCA regularly. Don't forget that the size of your bitcoin portfolio determines your profit.
to be honest, some people need to fix their finance before even thinking about buying Bitcoin. how do you allocation just a $10 worth of investment in a whole month and you are hoping it will amount to anything big in the next ten years? I know everyone's income is not the same and while it might be easier for some to invest with something as high as $100 a week, others might not cope with that but we all know that our finance is one aspect of our lives that's very important and that we have to take it seriously and and not allow an average mentality tire us down to taking our investment casually.
I disagree with you. Since bitcoin is a long-term investment, I see nothing wrong if someone uses $10 to accumulate bitcoin in a month because he or she has tried to start accumulating bitcoin with the little fund within his reach. That person might be using $10 to accumulate bitcoin a month just to have enough money left to take care of his financial needs so that he or she will not sell his bitcoin investment to solve an emergency issue. In the process of accumulating bitcoin with the DCA strategy, the person can get a better job, and he or she can increase the amount of money he or she uses to accumulate bitcoin monthly. And in the end, if the person sells his bitcoin, they will make a profit. So there is nothing wrong with accumulating bitcoin with the little funds you have.
hero member
Activity: 2604
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March 23, 2024, 07:02:12 AM
Comrade Someone once asked one Warren Buffet, when is the ideal time to sell off your investments. He replied, never.

A solid investment that is good enough to buy today is good enough to keep forever.

Bitcoin  collection can yeild high returns, however, that's not how we should be approaching the whole hodling strategy
Yeah hodling Is the goal here, because bitcoin as the potential to keep on growing, ( though there's no guarantees) but still we'll believe so. So having the thought of selling your bitcoin won't be smart at all. But there's some point you can decide to take some profit from your investment , when you have gotten far with your accumulation , so if you have gotten to such point this would be helpful JJG Sustainable Bitcoin WithdrawalStrategy
Yes, you are right. Hodling is the goal of investors so that they can get maximum profits and can expand their profits. But some people try to sell a small portion of Bitcoin to take advantage and that is fine because it might be a plan they have prepared beforehand. But they still keep most of their Bitcoins and carry out DCA to add more Bitcoins.

Each person must have their own plan and if you haven't made it yet, make it immediately before everything changes and you are really too late. Investing in Bitcoin using DCA is a good plan so that we can have peace of mind in investing the money we have but of course, we have to learn more before making a decision.
full member
Activity: 476
Merit: 141
March 23, 2024, 06:55:50 AM

It's very true that a long term holder sees things totally different from a short term holder, because anytime the market deep, a long term holder sees it as opportunity to buy aggressively as long as it doesn't affect his emergency funds, while a short term holder always panic and most of them sell, anytime their is a correction in the market, so it's very clear that the reaction of an investor determine if truly he is a long term holder or not.

If a person invests properly and creates a desire to buy DCA regularly, then that person will definitely invest for long term. But those who sell opportunistically and are willing to sell their holdings out of greed are essentially in business. They will never be able to keep calm when they see the high movement of the market, so those who are essentially long-term holders must wait for a few years. And he will keep calm and be prepared to extend his investment for longer. That is the clarity of long-term investing.
sr. member
Activity: 574
Merit: 252
March 23, 2024, 06:25:56 AM
Comrade Someone once asked one Warren Buffet, when is the ideal time to sell off your investments. He replied, never.

A solid investment that is good enough to buy today is good enough to keep forever.

Bitcoin  collection can yeild high returns, however, that's not how we should be approaching the whole hodling strategy
Yeah hodling Is the goal here, because bitcoin as the potential to keep on growing, ( though there's no guarantees) but still we'll believe so. So having the thought of selling your bitcoin won't be smart at all. But there's some point you can decide to take some profit from your investment , when you have gotten far with your accumulation , so if you have gotten to such point this would be helpful JJG Sustainable Bitcoin WithdrawalStrategy
My approach to bitcoin collecting is choosing a subject which interests you, firstly, and also has a good historical importance. Once you have that, focus on how you should approach collecting your coins. Any coins is special in it's own way and has it's one piece of history. Investing in the history is what I always recommend. And for an investment outlook, always set your targets and plan trade around the targets.
sorry, any coins sounds off-topic, if you're talking about other shitcoins that definitely sound off-topic, this thread all about holding bitcoin, not other coins . FYI not all coin are special alot of shitcoins at there have gotten alot of investors reckt due to some irrelevant hyped that lures alot of investors investing on them .so we should be careful from such coins , though there are rush in investing in bitcoin but still the risk can be minimised expecially when you are hodl.
sr. member
Activity: 266
Merit: 205
March 23, 2024, 06:22:47 AM
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
For those who want to collect Bitcoin and survive for the long term, of course they must be able to have planning and capital that will not be used for needs in the near future, because when someone is forced to invest with the capital they have, they will not be able to survive for long and must sell at a loss and for investors who hold for a long period of time of course they must make thorough preparations to be able to hold for a long period of time to be able to look forward to profits from holding Bitcoin.
Yeah , when come to investing (long-term investment) we wil  have to plan ahead to able to secure a smooth investment. For instance one is not advice to always go in at once when accumulating bitcoin, but rather use certain percentage of your earnings in order to keep up with your regular life style when investing in bitcoin. For instance you can use %10 of your earnings in accumulating using one of the common strategy which is DCAing, And focus the other percentage in your emergency funds and reserved funds. Because if one lack such manner of accumulation ( expecial those that not too financially stable). You may endup not being successful with his bitcoin investment.

Is it always profitable to hodl (hold) Bitcoin
While Bitcoin has experienced significant growth over the years, it's important to remember that the cryptocurrency market can be highly volatile. This means that the value of Bitcoin can fluctuate quite a bit in a short period.

HODLing (holding) Bitcoin can be a long-term investment strategy for many people, especially if they believe in its potential for future growth. However, it's crucial to consider your own financial goals, risk tolerance, and market conditions before making any investment decisions.

It's also worth noting that past performance is not indicative of future results, and the cryptocurrency market can be unpredictable. It's always a good idea to do your own research, stay informed about market trends, and consider seeking advice from a financial professional.
Firstly, HODLing is a superb strategy if you want to get the best out of Bitcoin. With that in mind, you have to know what kind of investor you are, based on your objectives, priorities and purpose.
Why are you doing Bitcoin?
HODLing Bitcoin is unquestionable for a person using btc as retirement plan, and when we're talking about HODLing being profitable, it's not shitcoins we're referring to. Even as you said that the cryptocurrency market is unpredictable, still you CANNOT compare btc's performance over the years to shitcoins, and the future promises too.
If you intend to be a trader, bull runs are when you sell,  traders panic at dips, HODLers accumulate during that period, what kind of investor you are just depends on how big of the picture you see.

It's very true that a long term holder sees things totally different from a short term holder, because anytime the market deep, a long term holder sees it as opportunity to buy aggressively as long as it doesn't affect his emergency funds, while a short term holder always panic and most of them sell, anytime their is a correction in the market, so it's very clear that the reaction of an investor determine if truly he is a long term holder or not.
member
Activity: 88
Merit: 16
March 23, 2024, 06:21:45 AM

Comrade Someone once asked one Warren Buffet, when is the ideal time to sell off your investments. He replied, never.

A solid investment that is good enough to buy today is good enough to keep forever.

Bitcoin  collection can yeild high returns, however, that's not how we should be approaching the whole hodling strategy.

I have been associated with traders for more than 12 years, and one things this has taught me is to go for the subject and not for the trade. Bitcoin collection has innumerable subjects across the world based on location and period of coins.

My first suggestions is to have a thorough understanding of a subject before stepping into collecting coins. For e.g. Bitcoins is one of the very popular subject among collectors and has made coin collecting one of the main stream business across the globe. This further has sub categories which can be traced to multiple
 Cryptocurrency established across the world.

My approach to bitcoin collecting is choosing a subject which interests you, firstly, and also has a good historical importance. Once you have that, focus on how you should approach collecting your coins. Any coins is special in it's own way and has it's one piece of history. Investing in the history is what I always recommend. And for an investment outlook, always set your targets and plan trade around the targets.

I don't know if you understand at all comrades
I'm waiting for the part where you actually make your point. Exactly what I said, when it comes to BITCOIN, HODLing is superior to trading if real profit is what you aim at, and as an investor, it should.
But then, it still boils down to your priorities and objectives. If you read my post, you'll see I mentioned. And then, it's not like traders don't have their 'profits' either, or like traders are jokes, but it's this; it's just an aspect of bitcoining. Not everybody is a long-term investor, so not everybody can be a holder,  based on whatever reasons there is. I would like you to expanciate on your post a bit, because, comrade, I don't really get the point.
sr. member
Activity: 308
Merit: 256
March 23, 2024, 05:56:26 AM
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
For those who want to collect Bitcoin and survive for the long term, of course they must be able to have planning and capital that will not be used for needs in the near future, because when someone is forced to invest with the capital they have, they will not be able to survive for long and must sell at a loss and for investors who hold for a long period of time of course they must make thorough preparations to be able to hold for a long period of time to be able to look forward to profits from holding Bitcoin.
Yeah , when come to investing (long-term investment) we wil  have to plan ahead to able to secure a smooth investment. For instance one is not advice to always go in at once when accumulating bitcoin, but rather use certain percentage of your earnings in order to keep up with your regular life style when investing in bitcoin. For instance you can use %10 of your earnings in accumulating using one of the common strategy which is DCAing, And focus the other percentage in your emergency funds and reserved funds. Because if one lack such manner of accumulation ( expecial those that not too financially stable). You may endup not being successful with his bitcoin investment.

To an extend the level of our fiance, risk tolerance and investment objectives has an important role in terms of  percentage allocation towards our investment because there are people who can go as far as using 20 to 30 percent of there income based on the level of his finance and the believe he has on Bitcoin as well as his investment objectives, for instance some one can have a specific number of years planned out to meet up accumulating certain quantity of Bitcoin in his portfolio where allocating 10 percent might not be enough to meet up within the number of years,  he might decide to use up to 20 to 30 percent just for him to meet up that specific time and may probably reduce all his budgets and expenses on other things just for him to meet his investment goals and objectives within the specified period, while he has already made others plans of  taken care of his needs and also make arrangements for his emergency, reserved and float funds by making use of the various strategies such as the dca , lump sum, and buying at the dip where and when necessary.
jr. member
Activity: 98
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March 23, 2024, 05:55:57 AM
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
For those who want to collect Bitcoin and survive for the long term, of course they must be able to have planning and capital that will not be used for needs in the near future, because when someone is forced to invest with the capital they have, they will not be able to survive for long and must sell at a loss and for investors who hold for a long period of time of course they must make thorough preparations to be able to hold for a long period of time to be able to look forward to profits from holding Bitcoin.
Yeah , when come to investing (long-term investment) we wil  have to plan ahead to able to secure a smooth investment. For instance one is not advice to always go in at once when accumulating bitcoin, but rather use certain percentage of your earnings in order to keep up with your regular life style when investing in bitcoin. For instance you can use %10 of your earnings in accumulating using one of the common strategy which is DCAing, And focus the other percentage in your emergency funds and reserved funds. Because if one lack such manner of accumulation ( expecial those that not too financially stable). You may endup not being successful with his bitcoin investment.

Is it always profitable to hodl (hold) Bitcoin
While Bitcoin has experienced significant growth over the years, it's important to remember that the cryptocurrency market can be highly volatile. This means that the value of Bitcoin can fluctuate quite a bit in a short period.

HODLing (holding) Bitcoin can be a long-term investment strategy for many people, especially if they believe in its potential for future growth. However, it's crucial to consider your own financial goals, risk tolerance, and market conditions before making any investment decisions.

It's also worth noting that past performance is not indicative of future results, and the cryptocurrency market can be unpredictable. It's always a good idea to do your own research, stay informed about market trends, and consider seeking advice from a financial professional.
Firstly, HODLing is a superb strategy if you want to get the best out of Bitcoin. With that in mind, you have to know what kind of investor you are, based on your objectives, priorities and purpose.
Why are you doing Bitcoin?
HODLing Bitcoin is unquestionable for a person using btc as retirement plan, and when we're talking about HODLing being profitable, it's not shitcoins we're referring to. Even as you said that the cryptocurrency market is unpredictable, still you CANNOT compare btc's performance over the years to shitcoins, and the future promises too.
If you intend to be a trader, bull runs are when you sell,  traders panic at dips, HODLers accumulate during that period, what kind of investor you are just depends on how big of the picture you see.
Comrade Someone once asked one Warren Buffet, when is the ideal time to sell off your investments. He replied, never.

A solid investment that is good enough to buy today is good enough to keep forever.

Bitcoin  collection can yeild high returns, however, that's not how we should be approaching the whole hodling strategy.

I have been associated with traders for more than 12 years, and one things this has taught me is to go for the subject and not for the trade. Bitcoin collection has innumerable subjects across the world based on location and period of coins.

My first suggestions is to have a thorough understanding of a subject before stepping into collecting coins. For e.g. Bitcoins is one of the very popular subject among collectors and has made coin collecting one of the main stream business across the globe. This further has sub categories which can be traced to multiple
 Cryptocurrency established across the world.

My approach to bitcoin collecting is choosing a subject which interests you, firstly, and also has a good historical importance. Once you have that, focus on how you should approach collecting your coins. Any coins is special in it's own way and has it's one piece of history. Investing in the history is what I always recommend. And for an investment outlook, always set your targets and plan trade around the targets.

I don't know if you understand at all comrades
member
Activity: 88
Merit: 16
March 23, 2024, 05:45:04 AM
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
For those who want to collect Bitcoin and survive for the long term, of course they must be able to have planning and capital that will not be used for needs in the near future, because when someone is forced to invest with the capital they have, they will not be able to survive for long and must sell at a loss and for investors who hold for a long period of time of course they must make thorough preparations to be able to hold for a long period of time to be able to look forward to profits from holding Bitcoin.
Yeah , when come to investing (long-term investment) we wil  have to plan ahead to able to secure a smooth investment. For instance one is not advice to always go in at once when accumulating bitcoin, but rather use certain percentage of your earnings in order to keep up with your regular life style when investing in bitcoin. For instance you can use %10 of your earnings in accumulating using one of the common strategy which is DCAing, And focus the other percentage in your emergency funds and reserved funds. Because if one lack such manner of accumulation ( expecial those that not too financially stable). You may endup not being successful with his bitcoin investment.

Is it always profitable to hodl (hold) Bitcoin
While Bitcoin has experienced significant growth over the years, it's important to remember that the cryptocurrency market can be highly volatile. This means that the value of Bitcoin can fluctuate quite a bit in a short period.

HODLing (holding) Bitcoin can be a long-term investment strategy for many people, especially if they believe in its potential for future growth. However, it's crucial to consider your own financial goals, risk tolerance, and market conditions before making any investment decisions.

It's also worth noting that past performance is not indicative of future results, and the cryptocurrency market can be unpredictable. It's always a good idea to do your own research, stay informed about market trends, and consider seeking advice from a financial professional.
Firstly, HODLing is a superb strategy if you want to get the best out of Bitcoin. With that in mind, you have to know what kind of investor you are, based on your objectives, priorities and purpose.
Why are you doing Bitcoin?
HODLing Bitcoin is unquestionable for a person using btc as retirement plan, and when we're talking about HODLing being profitable, it's not shitcoins we're referring to. Even as you said that the cryptocurrency market is unpredictable, still you CANNOT compare btc's performance over the years to shitcoins, and the future promises too.
If you intend to be a trader, bull runs are when you sell,  traders panic at dips, HODLers accumulate during that period, what kind of investor you are just depends on how big of the picture you see.
legendary
Activity: 2758
Merit: 1228
March 23, 2024, 05:42:50 AM
The only time I know that an investor should begin to analyze the market is when they know that they don't have the spare money to invest in bitcoin. However if they have, they can invest in bitcoin by using a DCA strategy to accumulate more bitcoin because anytime an investor tries to invest in bitcoin in the long run, he or she is in for profits in the future since they are investing with their spare money. So, let's buy the dip and keep hodling because the future of bitcoin is ever-bright.
Well, I think someone who is a long term investors has no business analyzing the market, that's a thing for traders to do.  The twist there is the dip where most holders use as a window for accumulating, btc, whether or not using DCA, but then for someone who hasn't figured his way around Bitcoin,  (whether or not he intends to trade) dcaing isn't a bad idea too. For someone who has invested chunks and lost to shitcoins,  Bitcoin actually is not that way, but clearly if you ever invested in shitcoins, you're a newbie to crypto, so you'll naturally panic at dips in btc, but then, for starters for such a person, dcaing is best, so you don't panic at dips too much as when you do lump sums, when you get the hang of it and realize how much you've lost to shitcoins, you can then lump sum, or continue however your pocket can carry, then you buy the dip and HODL

If they are serious for accumulating and intend all their balance for long term then they doesn't need to think about analyzing the market since they could accumulate at any price they want without getting bothered on current movement of the market. Those people who tries to analyze will just get distracted especially if they see the market is collapsing and for sure this will make them decide not to buy since they afraid to buy then the market continue to collapsed. This is how people regret their decisions for not buying then they see a big pumps sol to avoid getting any regrets feelings then they should ignore the volatility and just accumulate to hodl. They can use whatever strategy that fits them since the most important thing there is they have bitcoins to hold for long term.
member
Activity: 88
Merit: 16
March 23, 2024, 05:36:48 AM
The only time I know that an investor should begin to analyze the market is when they know that they don't have the spare money to invest in bitcoin. However if they have, they can invest in bitcoin by using a DCA strategy to accumulate more bitcoin because anytime an investor tries to invest in bitcoin in the long run, he or she is in for profits in the future since they are investing with their spare money. So, let's buy the dip and keep hodling because the future of bitcoin is ever-bright.
Well, I think someone who is a long term investors has no business analyzing the market, that's a thing for traders to do.  The twist there is the dip where most holders use as a window for accumulating, btc, whether or not using DCA, but then for someone who hasn't figured his way around Bitcoin,  (whether or not he intends to trade) dcaing isn't a bad idea too. For someone who has invested chunks and lost to shitcoins,  Bitcoin actually is not that way, but clearly if you ever invested in shitcoins, you're a newbie to crypto, so you'll naturally panic at dips in btc, but then, for starters for such a person, dcaing is best, so you don't panic at dips too much as when you do lump sums, when you get the hang of it and realize how much you've lost to shitcoins, you can then lump sum, or continue however your pocket can carry, then you buy the dip and HODL
jr. member
Activity: 98
Merit: 6
March 23, 2024, 05:36:03 AM
for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.
For those who want to collect Bitcoin and survive for the long term, of course they must be able to have planning and capital that will not be used for needs in the near future, because when someone is forced to invest with the capital they have, they will not be able to survive for long and must sell at a loss and for investors who hold for a long period of time of course they must make thorough preparations to be able to hold for a long period of time to be able to look forward to profits from holding Bitcoin.
Yeah , when come to investing (long-term investment) we wil  have to plan ahead to able to secure a smooth investment. For instance one is not advice to always go in at once when accumulating bitcoin, but rather use certain percentage of your earnings in order to keep up with your regular life style when investing in bitcoin. For instance you can use %10 of your earnings in accumulating using one of the common strategy which is DCAing, And focus the other percentage in your emergency funds and reserved funds. Because if one lack such manner of accumulation ( expecial those that not too financially stable). You may endup not being successful with his bitcoin investment.

Is it always profitable to hodl (hold) Bitcoin
While Bitcoin has experienced significant growth over the years, it's important to remember that the cryptocurrency market can be highly volatile. This means that the value of Bitcoin can fluctuate quite a bit in a short period.

HODLing (holding) Bitcoin can be a long-term investment strategy for many people, especially if they believe in its potential for future growth. However, it's crucial to consider your own financial goals, risk tolerance, and market conditions before making any investment decisions.

It's also worth noting that past performance is not indicative of future results, and the cryptocurrency market can be unpredictable. It's always a good idea to do your own research, stay informed about market trends, and consider seeking advice from a financial professional.
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