Topic: Buy the DIP, and HODL! - page 392. (Read 123385 times)

You can look at historical ATH levels and see that when the BTC price starts to get within 25% or so of the previous ATH, it will frequently shoot right past it, and sure there are always going to be sellers, but sometimes that BTC price does not end up coming back to those prices ever.. and if it does come back it might ONLY be for a short period of time and not really enduring... do you need some examples or do you want to look at the charts.

Actually, there is another phenomenon of so many dumbass newbies.. maybe like you, but perhaps you might even be dumber since the charts are even more extensive than they were previously, who are talking about selling at or near the previous ATH because of various reasons about how high of a price that will be and that they gotta get their money back and they can buy more when it dips and various dumbass reasons.. and maybe not even real people can really believe that stuff. but sure there are real people who are selling their coins right around the previous ATH.. and frequently losing a lot of money by selling too many coins too soon... and sure maybe this time is going to be different.. but I doubt it.. .. but you are are free to do dumb things and even say dumb things and hopefully not too many people are going to do anything similar to you but hey.. you never know.. maybe you are right, this time.. but if you are not, it might have had been good to prepare for either scenario, especially the scenario that the BTC price is likely to shoot past the previous ATH, even if there might be a few fake out corrections around that area.. perhaps? perhaps?  But perhaps not, too.

Everyone is responsible for their own investment, including their accumulation of bitcoin, their decisions to hold and their decisions to sell.  Good luck with your plan, you are probably going to need it... especially if you are expecting to have any kind of meaningful dip at the current ATH that results in a significant enough dip tp buy back and you are able to profit from that... and even if you do end up getting lucky, it would have more likely been are result of gamblers luck rather than anything that is something that anyone who is in bitcoin accumulation stages should be doing or planning to do.

The area I highlighted makes sense to me about Bitcoin haven't reached the speculated ATH, I never knew that Bitcoin have a speculated ATH although even as Bitcoin has a speculated ATH all are still speculations as no one can really predict it's future but in that case I agree with you on buying and holdling bitcoins for a long interval of time but what if after the bull market then the price of bitcoins starts dipping? In such situation, what will happen to the bitcoins that you've hodl, like isn't the dip gonna affect the bitcoins? Well I don't know but if after the bull run and it's price dips and it doesn't affect the Bitcoin that have been bought and hodl then that sounds so interesting to me because the bitcoins can actually remain in the wallet till the next bull market without being affected by the fluctuations of price in the market.

But if peradventure bitcoins reaches it's speculated ATH does it mean that one can possibly stop buying and holdling or continue because I feel that if Bitcoin should reach ATH then investors may no longer be interested in buying and holdling since the price wouldn't go any further higher again.

It's never too late to invest in long-term investment because your plan is long-term, so you can plan to invest in bitcoins for a long time whenever you want. Holding your investment for a long time means that small changes in the market in a short period of time will not affect you at all, but large changes in the market over a long period of time will affect you. One must hold one's investment for a long period of time for major market swings.  

Bought Bitcoin to sell but not when. When you sell your investment then that investment cannot be called a long term investment at all.  Long-term investing is not the case that after a few days of investing, the value of your invested coins increases and you immediately sell your investment. Instead of thinking about selling the investment, think about how to hold your investment deeply.
If after investing we become restless and worried about our investment due to the volatility of the market, it is difficult for us to hold the investment for a long time. The Bitcoin market is not at all like a stable coin that will stay the same, since the beginning there is volatility in the market and people invest in this platform because of this volatility. There is temporary volatility in the market and if we get overly worried about our investment due to this temporary volatility in the market then frankly long term investment is not for us. Investing for a long time is not easy at all, before investing we may see that the road to invest for a long time is very easy but in reality when we invest we will understand that the road is not easy at all the road is very difficult. There will be many challenges in keeping your investment for a long time and you have to accept those challenges and then reach the goal.

That's why we need to have enough patience, the fact that the market has increased a little after investing should not be taken too seriously. Whenever we take a small rise in the market seriously, we will be anxious to sell our investment. As our plan is to hold our investment deeply, our aim should be that we must hold our investment for a certain period of time. If you need to meet your needs in some other way, after investing, you have to think that the amount of money that I have invested is not mine and I cannot sell my investment no matter how much money is needed. If we want to hold on to our investment, we must be a little stricter and think like this.  Once we invest, we sell that investment again, but we have to start again from the beginning to keep our investment for a long time.

We can see how the Bitcoin price has been hovering around $36k to $38 for weeks now, and nobody knows if the Bitcoin price will fall below $36k in price. Instead of waiting for the Bitcoin price to fall before you can buy it, which might lead to missing out on Bitcoin because Bitcoin does not fall to the price of your entry point. You can divide your money into three and buy Bitcoin with the three strategies which are buying the Bitcoin dip, buying when the Bitcoin price is at its peak, and buying Bitcoin with the DCA strategy. When you use these three strategies to accumulate your Bitcoin and hold your Bitcoin for 4-10 years, you will see that Bitcoin will do good.

This has never happened in bitcoin history for over 14 years now if I am not mistakenly bitcoin has never seized to changed in price for every year till date so saying that the price of bitcoin might failed one day shows how little your trust and believe for bitcoin is and to me you are also not worth calling a bitcoin because you are not preaching the message and mission of bitcoin. As a matter of fact since from inception of bitcoin we have never record any bad price whereby bitcoin keeps failing instead we can say that bitcoin has been repeating its history for over decade now and is sequential whenever the price dip with few months it gets back to the previous price except for bear season where we know that the price doesn't make a change rather it keeps declining to some certain point and takes back it's bull again...

.. there are people who are basically doing trading especially the institutional traders these people trades for individuals and return their profits either by every month ending or by weekly, trading is one of the most common place where people makes profits ( it could be a crypto/ forex/ binary trading) they are all reliable way of trading except you aren't a professional trader where you fund and sweep your account. Those who are rooted into trading makes cool cash from it without incuring much lost rather/or crypto trading can be more secure than binary or forex trading.
But know it that gambling can never be equated as trading because gambling is more of probability and chance based game instead of trading, in trading whenever you buy bitcoin at lower price all needed to do for your funds to be safe is just to hold for while you gain back your hold than gambling. Lemme not deviate from the real subject of this topic but know they aren't the same.

You may have gotten alot of response on this but I will make some point clear to you, though the goal for some people on getting involved with Bitcoin might be for profit making but it is not ideal to sell off one's Bitcoin during the bull run as sim_card have said.
To buttress selling Bitcoin during bull run may not be a bad idea only if you have accumulated enough bitcoin, if you have enough bitcoin in your portfolio and you decide to buy on dips and sell during bull run it is more ideal so create a specific portfolio aside your original holding for the so called purpose of selling on bull run. for example if you DCA with a minimum of $50 monthly or weekly you can make and extra portfolio where you can buy on dips and sell during bull season with another $50 dollars that at any cost wouldn't affect you if lost in the process to buy as you have asserted but it will be completely wrong if you don't have a good portfolio and you practice the gambling of Bitcoin (buying on dips and selling when it skyrockets).
On this same vain it can't be advisable for any one to practice the method which you are suggesting that anyone should pause buying of Bitcoin if after selling and the market keep appreciating because of preventing loses, that is why it is always advisable to practice the DCA method that wait for a time which may probably come or may not come for you to buy again in the dips. Time waist for nobody that is the most reason why DCA is practically the best method because it prepares you for but the uppity or the dips at the same time.

I might understand your point but I put it to you (Richbased) that you are completely wrong. Trading is a 50-50 game and/or gambling that is never advisable to anyone expect you are so good at it as a professional trader even as that it's still not advisable, you do not have a solid claim for disputing the fact that long term holding is not good.
Bitcoin as predicted has not reached it speculated price and as such you may be lucky enough to be among those who will be favoured with the uppity of the Bitcoin price as a result of long term holding. There is more chance of profiting with long-term holding that short term, infact a 99.99 chance of success for long term holding because after accumulating Bitcoin you will be prepared for but the upward movement of Bitcoin price and the dips at the same time. when you have a good portfolio or have accumulated enough bitcoin you cannot be affected by the price of Bitcoin at anytime because for sure Bitcoin can't go less than it has gone before and it has a guarantee that it will bounce back to a good price at any give time.

Even if you hold bitcoin for 4-10 years it is not definitive that you are going to profit from investing in bitcoin or holding bitcoin for that amount of time.

Time does not cause bitcoin to become a guaranteed investment.

Time should probably anyone in terms of their approach to their investment in terms of if they are thinking about 4-10 years or more into the future before they need their bitcoin, then they might choose to use money that they are not going to need in the next 4-10 years or more.  So that means that the money has to be extra money that is beyond expenses and beyond emergency funds.

Another concept that people suggest is to not invest any money that you can afford to lose, and be willing to ride your investment into bitcoin to zero if that is what ends up happening.

Surely some people are investing money that they cannot afford to lose, and that is why they panic if the BTC price moves against them, and surely if you come to bitcoin and you have a price at which you are going to sell all your bitcoin, then that is your choice, even though it does not seem to be a very good idea, because it is probably better to just invest an amount that you would be willing to lose all of it if BTC prices were to go to zero or to go below $20k or whatever lower amount.

Of course all of these kinds of hypothetical and psychological matters are easier to deal with if BTC prices end up going up rather than down, and if you get into profits rather than losses then probably those are "better problems to have."

The problem when the BTC price goes up is that frequently people start selling too much too soon and then they end up not advantaging from the compounding effects as much as they could have... but sometimes it still could be practical to take some value off the table at certain price points, depending on the finances and the psychology of the person if they cannot figure out other ways of dealing with the BTC price going up (and thus the price of their BTC holdings going up).


Sure.  Knowledge might help.  But frequently there might be ways that various kinds of finances are in order so that if BTC prices go up, then you have other investments too.. and other places upon which you can draw cash if the BTC price later comes back down.  It is not easy to blanketly attempt to judge why any particular person might not be able to tolerate holding BTC as they are going up in price.


Well yes.. but people think that.  They think that they are going to sell and then buy back lower, and maybe it works many times, until it doesn't and then maybe they end up in a situation in which they psychologically having difficulties getting back in at BTC prices higher than the price that they sold.. so they might wait longer and longer and longer and then pretty soon turn into a bitter no coiner who used to own bitcoin.  Seen quite a few of those kinds of bitter folks over the years.


We are not talking about trading and/or short term investing in this thread... So you are wrong.  Short term profits is not what is the essence of investing.

You are likely correct that long term profits is the essence of investing .. or even having options by having had invested over the long term and presumably being in profits based on being a long term investor.


You are still mixing up ideas.. and assuming a lot of things.. that seems to mix up trading and investing... an experienced investor does not automatically convert into a trader merely because he has experience.. it is likely that any investor has to figure out how much BTC that he wants to acquire prior to figuring out that he has enough that he is able to sell some of them.  If he has not reached his accumulation goals, then he could fuck up his accumulation strategies in a lot of ways if he prematurely tries to trade before he has even gotten close to his BTC accumulation goals.

Another thing you are presuming is an ability to sell the top and buy the bottom, which truly is not easy to accomplish even from someone who is supposedly expierenced.


We are ONLY talking about bitcoin in this thread.. so you can use the term bitcoin.  and there is no reason to talk about a coin. .because the ideas around coins (meaning shitcoins) is not really applicable to long term investing.. so fuck shitcoins and let's just talk about bitcoin.

Of course, the future is not knowable, and so part of the reason that anyone might start buying bitcoin and had a plan to buy bitcoin for the next 10 years is to potentially have some chances of bringing some certainty and/or hedge to the world as he sees it today as compared with a possible future world... and bitcoin seems to be a good investment and/or hedge and part of the way to hedge is to choose a position size that you believe to be suitable based on your own financial and psychological circumstances... including considering these 9 individual factors.



You sound like you are not capable of long-term investing.

Maybe if you consider position size, then that might help you to get over the hump of longterm investing versus feeling that you need to cash out merely because you have some profits.

Yes.. we do not know what the future holds, but that does not necessarily mean that we should not invest, or that we should consume instead.

Maybe an example is necessary, and let's try to go by your forum registration date of less than 5 months ago.. or maybe we can presume you been into bitcoin for a year, so if you had been accumulating bitcoin for a year at $100 per week, and so after a year you got up to $5,200 invested into bitcoin.  and let's say that you had some bad luck and your average cost per BTC is around $30k.  So let's say that there is a bull run and the BTC price goes to $90k with the next 9 months, and so then you have 3x the amount that you started with or maybe 200% profits (So you have $15,600).  You are going to sell?  and buy back lower.. or you will buy back lower 1/2 and use the other half for some kind of fun vacation or a car.  Or do you have some other plans for your proceeds? 

I am having some trouble understanding the idea how you are better off because you sold your $30k BTC at $90k and then you actually have to figure out what you are going to do with it. .. wait to buy back and then you are a no coiner?  or maybe you only sell half of it for the purpose of buying back?  What's your advice as a newbie who should be trying to accumulate BTC and if you merely have less than 0.2 BTC, then it can be difficult to see how you would be advantaged to either become a low coiner or even a no coiner merely because you worship fiat or some consumption goods since you never know about the future, right?.. would not want to hold onto that less than 0.2BTC until 2033


We are not really talking about that here.

If you are saying that your goal is to accumulation, you want to proclaim that selling is the way that you do it, but that is not the topic of this thread.  Maybe you should take your ideas to another thread so at least you will be on topic in your planning of a strategy for the upcoming anticipated bullmarket.

According to your forum registration, you have been a member for more than 2 years.  So have you been accumulating BTC more than 2 years?

you think that you are going to help your BTC holdings by selling rather than buying and then you are going to figure out how to do that and then how to buy back during a supposed dip that will follow some time after you sell your coins.


Really?  It will be interesting to hear what your revisions might become once you make them.  In the end, each of needs to try to tailor to our circumstances to our own finances and psychology, so hopefully, you are in a better position to be able to do that.. and to put yourself in a stronger financial/psychological situation because of your actions.  So ultimately if you fuck it up, don't come crying to me about it, because whatever you do, ultimately, it is your decision and your responsibility for whatever changes, if any, you end up making.


For sure, you are correct in your characterization of DCA as a kind of way to tailor the amount that you are buying bitcoin in accordance with your own budgetary matters (how much extra cash flow that you have), and not so much about whatever the BTC price might be, and sure DCA will excel even more if you don't really know which direction the BTC price might go as compared  to if you believe that the BTC price might be in a dip or in a high period, then you might decide to move away from DCA, even though DCA could still work in those situations too because even when you think you know, you might not really know, so it ends up being better to just continue following DCA until you figure out some other target and goal matters that might be more appropriate triggers to cause you to modify your DCA rather than trying to figure out whether the BTC price is going to go up or down.

I still think most people don't understand the sole purpose of DCA, You can involved in DCA if you don't have that much funds for instantaneously buying a very large volume of bitcoin, DCA is also play in when you seems not to be too sure about the market maybe price is going low or going high but you don't want to miss any given opportunity because you might be left behind or leave to regret why you bought huge amount of bitcoin without Buying it within some period of space or interval.

Further more, It could be that your money in quest doesn't regularly flows maybe it comes one in a week/Bi-week or monthly it could be in every 3 months to 6 months provided that money is coming along this period you can involved yourself with doing DCA by buying when the money comes and before that you need to have some spare cash at hand whereby you won't keeps reducing the amount of bitcoin you hold and that is in your possession this process can be called the accumulation period or process. So don't know the narration of how people are seeing the DCA strategy maybe there is other things you are seeing and taking this DCA to be.

Those people who are selling their Bitcoin and making a profit during the bull run are short-term traders who want to make money by holding Bitcoin for the short term. This strategy might cause them to miss out on accumulating Bitcoin because after they have sold their Bitcoin at a high price they will wait for a retracement on the Bitcoin price before they can buy Bitcoin again, and if there is no Bitcoin price retracement they will miss out on accumulating Bitcoin. It is always better to buy Bitcoin and hold it than to keep money in the bank because the money will lose its purchasing power at the time of use, due to inflation.

The main goal of long-term investing in Bitcoin is to accumulate Bitcoins. This DCA method is best for many people who want to deposit bitcoins but fail to deposit. And a lot of people sell bitcoins because of the short bullrun, which is a complete mistake, because if I hold bitcoins, I must hold them for a long time, then I can accumulate more asset.

In as much as you may feel that is good by selling off some of your Bitcoin when the price increases could also affect you negatively because you could hardly know what the next move of Bitcoin could be so however it could happen that at that time you feel is good for you to remove or sell some of your Bitcoin that could be when the price will continue to skyrocket and you will be left with know option but to regret to have sold your Bitcoin.

Because the only investors who sells at every increase in Bitcoin price are mostly those panic investors who are always influenced by the price movement of Bitcoin, so if your intentions are for holding just stick to holding and remove the mindset of selling at every peak of Bitcoin price because holding is the only way through the heart of Bitcoin.

Even that said time you would have entered the market could be a late one to other investors because they would have done theirs along time ago, there's a need for us to understand that bitcoin can always serve us the opportunity of an invest each time we think we are ready to invest as long as there's going to be enough time to hold, investing and selling after taking your profit is not a bad idea, as long as you're going to reinvest on bitcoin, what may be also required is for another season of holding, that's why you can enter the market at any time provided that you're willing and able to hodl.


For the benefit of those that may not be able to hodl for long, they may engage into making trades on a short range intervals, making an investment should be done at ease and will always be profitable as long as we are not rushing to invest or to sell either, we also can make use of any strategy to make the necessary preparation towards the intended duration we want to go through, just to have the best experience when we hodl.

Sorry the stock was a keyboard error as I wanted to type coin market rather so pardon me on that as all my interest and concentration are geared towards Bitcoin, definitely fuck stock market and stock exchanges as they all all controlled by fiat of which Bitcoin has come to counter fiat.


I still stand on the ground that when an investor has recorded some reasonable amount of profits then he can sell some of his bitcoins but not necessarily that he must sell all of it because despite the volatility of bitcoins I still believe that it's future is unpredictable as everything we all are saying are mere speculations. So instead of hodling Bitcoin after recording some profits is rather one sell it off and invest on other alternative assets that will yield good profit in the future rather than stagnating the coins in a personal wallet of which it will be of no value if it isn't exchanged or used to perform monetary transactions. A good investor doesn't depends all his earnings on a single project as it requires versatility in other to record obtainable results.

What you should understand @Richbased is that the topic has no word of sell. The ideal investment approach hear is to buy the dip and hodl. You can agree with me that the best way to have a fruitful investment in Bitcoin is when you buy and continue to buy more. Taking the advantage of people who wants to sell. We don't talk about selling because selling means holding fiat that could lose value. The odds of selling your Bitcoin aren't good. However, there are various reasons why people invest in Bitcoin that can lead them to some decisions they will make in the future especially when the Bull run comes. I got into Bitcoin with the intention of running away from FIAT so why would i go back into the FIAT market again.

There is no point bringing in the stock market into our discussion. This is entirely Bitcoin discussion, fuck the stock market it is centralised and still been controlled by the companies. Stock exchanges, brokers and companies are all heavily regulated through various government agencies. And it should not be a topic of discussion. Funny how you mix things up, trading and stock

However, accumulating and holding Bitcoin for a very long time, for a decade or two is pretty one of the best ways to into Bitcoin. The potential of Bitcoin can be seen only when you hold for long. Short term holders will only get a quick gain and be happy. But there are more in the future that Bitcoin can give, even more than we expected. I just feel so.

You are not to sell all your bitcoin because you want to take profit and fill that you have arrived. Instead, you should sell part of it, if you have reached your bitcoin target so that you can diversify into another investment like property, stock, bond. Why do you stress yourself to accumulate for a long period of time just because you want to sell all your investment. What if after selling all and you are holding fiat and the price of bitcoin didn't dip to the price that you expected ot means that you will only buy little amount of bitcoin and you should not forget that they more you are waiting for bitcoin price to dip, your fiat currency is depreciating. Why do you want to start from the scratch again by starting as a newbie that just started his bitcoin journey. It means that you didn't realize the potential of bitcoin during your period of accumulation and the compound interest is what makes it more of a better investment than any other investment.

How long do you think that it will take you to build up your new butcoin portfolio that you just started, it might take even double of the years that you used to build the first one because one thing I guess that you have not considered is that for every circle bitcoin dip price is always higher than the new circle and the amount that you used to buy lets say 0.003btc in the first circle will be higher than the amount that you will use to buy 0,003btc in the second circle. There is what id called a maintenance stage as explained by JJG, if you have reached your bitcoin target, you can start maintaining your bitcoin investmnet by limiting buying regularly and buy once a while either by lump sum or you buy at the dip. Umagine that you accumulate 1btc for 10yrs based on your regular DCA approach and you sold off all of it after ten years because you feel that you have reached your bitcoin target, and you fo back to square one and start accumulating again to reach 1btc again. It means that your bitcoin portfolio is not increasing more than one level and wouldn't get tired of accumulating over and over again, mate I must tell you that a time will cime that you will never be able to continue with your accumulation because we don't know some unforeseen challenges that we befall on you and you will also be getting old and this shows that you will never reach that fuck you status that you don't need to work for anyone again but only depending on your bitcoin investment to take care of you in your entire life.

investments should be there for as long as we are leaving so that when we are old and can no longer work, our investment will take care of us and out children. A successful investor don't start deom the scratch if not you will never be successful. If you have reaced your bitcoin target, you can sell like 20% of it and keep 80%, so that as time passes by your compounding profit will also be increasing, than you starting all over again like a newbie. This means that you have nothing to show that you are an OG investor in bitcoin and you will gave little profit like all those beginners.

This is where you got it wrong because bitcoin is not stock, so you don't use the stock market to judge bitcoin.  There is a high probability that bitcoin future will be brighter than been dull. It is because no one can predict the future that should also make you not think that selling all your bitcoin and start all over again to invest is the best instead of to keep on hodli and maintaining your bitcoin portfolio by buying once in a while and diversify to other investment. Growth is what matters a lot and not the opposite. There are some mistakes that when you have made it, you will regret it throughout your lifetime because they cannot be corrected.

You have a point because that has been the challenges most investors normally face because most of them always feel that selling there Bitcoin on a bull Run will give them some sorts of advantage to achieve two things at a time by selling there Bitcoin with the plans of buying back immediately if the price drops down without knowing that it could sometimes be the worst mistake they will ever do because the chances of the price dropping down from the level they sell there Bitcoin may not really be possible were as it could lead them to miss a great opportunity they should have utilized.

So irrespective of the profits an investor should have made on a bull Run shouldn't influence there judgement in times of risking it  because is not worth it, so holding should always be taking note of.

I was having this mindset before, thinking that it was never a good practice to sell Bitcoin. But when I join this discussion, I realized there were actually people that sold around the peak of 2021 bull run and started building back their portfolio during the following bear market even up this moment many of them are still buying. How they got such information about the market cycle and how they developed such level of discipline to follow it is what one need to study. The key point is that, there should be a way of selling that will not harm the entire portfolio especially when you sell not because you want to use the money for other things or waste it away but because you are being strategic and poised to maximizing profits.

On a second thought, selling does not harm Bitcoin all the time because without buying and selling, what is the use of Bitcoin? Indeed, it is through selling and buying that liquidity is created so we should not demonize selling. Just that one should be be able to plan the selling in such a way that it align with your visions and your motivation for investing in Bitcoin in the first place.

I don't agree to your assertion that it's not ideal to take off profits within the bull run like what's the essence of investing? Isn't it to make profits? So in a situation whereby an investor have achieved his major aim of investing which is to make profits so after selling off his bitcoins the next for him to do is to pause investing for sometime until the price begins to dip then he can start buying and holdling again till he aquires a reasonable amount or better still he apply the DCA till the price skyrockets again so that's what an experienced investor does.

In trading, making profits is not guaranteed all the time so accumulating for a very long period like 10 years as you stated may not really be an obtainable idea as the future is unpredictable no one knows how the fate of the coin might turn out due to some uncertainty that surrounds the stock coin market. Making accumulation for a very long period of time might even lead to losses because in the quest of hoping that the price will skyrocket then it suddenly starts dipping so it's really not ideal to accumulate for too long as no one can speculate or predict what it's future holds.

I only believe in investing in Bitcoin, if I have a Bitcoin investment I don't feel the need to insure it because the longer I hold the Bitcoin investment the more likely it is that I will get a much higher return than I would by holding the money in insurance. I don't really think anything else by investing in Bitcoin because investing in Bitcoin and its long time hold definitely gives an investor everything. While I don't agree with you about having to insure, your point that we can increase our investment if we want to is 100% true. As we hold our investments for a long time, we should think that our investment amount never decreases but that we can increase the amount of investment. 

Investing in Bitcoin is a reliable investment platform so we don't have to worry by investing in this platform. Investing is easy but investment is hard to hold but those who invest in Bitcoin can hold it for long time through hundreds of challenges but they will have the last laugh. Those who have investments must hold your investment and those who are thinking of investing afresh, decide to invest now and plan to hold that investment for a long time.