Well we have no idea why he asked the question. But it may be he or she wants to find courage to buy or hodl based on our replies.
AT op "the past is just a good by"
comes from this song below
https://www.youtube.com/watch?v=dQOaUnSmJr8If you invested and are hodling right now at an underwater price.
the question is can you afford to lose every Penney of it? if yes than hodl it till it goes up.
If you can not afford every Penney of it to be lost how much of it can you lose?
Keep what you can lose and sell the rest.
If you have not a single penny's worth right now figure out what you can lose.
say 3000 usd. buy 1000 of btc right now and dca 200 a month for 10 months in a row.. Once the 10 months are up report back to this thread and tell us how you feel about spending that money.
BTW this is not advice but it is simply what I would do if I had an interest in btc. good luck whatever you choose to do.
That is EXACTLY what I do. I bought and keep on buying, do not have a lot to be fair because I had to pay some hospital bills, but I am still buying, restarted again, and I think it's important to realize that as long as you can hold it and not be crashed if it goes to zero, then you should keep holding as long as possible.
I am not even planning on selling at the next peak, it can peak as high as possible and then crash, just like how it did during 2017 to 2018 or 2021 to 2022, and I will still hold it. I am planning on holding it for at least a few more halvings, probably over a decade.
Only thing that could make me sell, would be some life hardship that requires money, and that is not selling because I want to get out of the market, that is selling because I have to pay for some stuff. I believe that we need to arrange it in a way that would be a lot smarter to handle, should not be all that weird. I know that arranging these type of stuff could be a bit harder, but it is definitely smarter as well.