This made me laugh but sometimes I found it bitter truth
CB takes it from $47k>$46k>$45k>$44k>$43k>$42k and now we stand at $41k but still holding hard because i Know we will grow at one point and some bullish news will take us to rocket upwards as the engine ignition is happening soon and all these price levels will be burst out in the fire.
Just HOLD strong.
Huh? I thought that you are in very early BTC accumulation stages, so why would you even be close to contemplating anything other than the employment of various BTC accumulation strategies.. when to buy and how much to buy. HODL does not embrace that concept, unless you may have run out of money because you had been too aggressive with your buys.
In other words, you seem to be mis-using the concept of HODL that does not seems to apply to your actual situation... unless I misunderstand what you are wanting to say.
Sure, you have outlined a historic practice of buying weekly, so why would that practice of buying change, unless you merely either attempt to buy more on the dip (to be more aggressive with your buys) or something like that.
A HODL strategy is usually for someone who has already accumulated quite a bit of BTC and might be nervous about a further potential BTC drop.. Yes, the point in which you might have accumulated too much BTC is going to differ from some people, and sometimes people are struggling to get up to even $100 per week to invest into bitcoin, so the amount of their bitcoin might seem to be a lot when it might start to represent years of salary.. and then at the same time it is dropping from "profitable" to being "in the red."
For sure, these are times that test the commitment of the accumulators to continue to accumulate, including to test if maybe some of the accumulators might have been investing more than they can afford to lose.. especially if your BTC portfolio might have gone from something like 20% to 50% in profits to 20% to 50% into negative territories.. then do you continue to buy, or do you stop buying and merely "hodl?" which also makes little to no sense if you are actually in relatively early stages of BTC accumulation mode.
Sometimes the guys predicting the direction of the market during times like this try to outsmart the market and to sell some or all of their BTC upon a 41%-ish price correction out of hopes to buy back lower.... and sometimes those guys might not have a whole hell of a lot of BTC, so they do not feel comfortable selling just part of their BTC as a kind of insurance (which is already dumb), they double down on dumb and they sell all of their BTC, so instead of having a decently size stash of 0.42 BTC, they end up with 0.3 BTC or some other ways in which they are not able to get back to the quantity of BTC that they previously had which frequently is not a good strategy to be gambling like that, even if sometimes it could end up paying off.. but more like luck rather than a good strategy..
Seems to me that anyone in early BTC accumulation should not be entering into any HODL strategy unless s/he might have gotten too aggressive on buying on dips and DCA'ing and maybe run out of money having had thought that he blew his whole wadd on the dip.. but the BTC price keeps dipping... so that would likely be HODL.. until more money comes in... but is that any different from continuing to employ a DCA strategy? If your DCA strategy is with an amount of money that you have already budgeted, such as $100 per week, then you should continue with $100 per week and not be trying to time the market with that money (except maybe such timing might be acceptable within whichever week that you have authorized your BTC buys).
Surely, if you have more money coming in from time to time, then maybe you do not want to fold that within your DCA, and you end up classifying that additional money as authorized for buying on dip, so with that money you might want to attempt to be strategic for when you buy.. whether now or you wait a bit (HODL) until a time that feels comfortable for you to employ that additional money that might have come in that goes beyond your regular DCA amounts.
By the way, I understand that it might seem that I am being unduly harsh on peeps who come from lower income locations, but I am still going to have trouble understanding how even a $100 per week buying of bitcoin will give you the sense of being over-invested after only about 7 months of investing into BTC. Now, if you had been
investing $100 per week in BTC for 4 years, and you had accumulated something like 2.22 BTC, then I may well have a bit more sympathy that you might want to attempt to strategize with some of that BTC, and the use of HODL would likely be an applicable use of the word.... so surely, if you are starting to acquire higher levels of BTC, such as already having 2.22 BTC, then you might start to consider that you have already invested enough.. especially given your total income and the other assets that you have... in which bitcoin might be the bulk of your whole wealth, so at a certain point you may well logically start to get worried about putting more value into bitcoin.