Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitebits
on 21/03/2020, 05:09:47 UTC
⭐ Merited by JayJuanGee (1)
Afternoon all
[...]
Discuss and help a newb out.
[...]
I generally recommend that newbies figure out their cashflow for 6 months, and then make an investment budget that is spread out during that kind of timeline that allows them to continue to learn about BTC while they are investing by dollar cost averaging, buying on dips and perhaps frontloading their investment a bit.
[...]

Or just go all in Grin


That is for more seasoned bitcoin holdlers. Many will drop off after putting in some dollars followed by a few pumps or dumps, seen many wall observers come and go over the years.

For those few sticking around it generally still takes a few years to get to that level of confidence, but it seems almost inevitable to not be over invested in bitcoin. Once you start understanding what money versus fiat is, what a powerful feeling it is to hold something that can’t be taken from you, can be transferred at any time to anyone around the world, how truly solid the Bitcoin network is, then it becomes a no-brainer really.

Long term hodlers easily get ‘over invested’ as well because number seems to have the tendency to go up. Which makes sense understanding the above.