Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dictator69
on 02/08/2023, 09:00:34 UTC
⭐ Merited by JayJuanGee (1)
All the same @Dictator69 if you started your bitcoin journey in few months back by your quest to learn cryptocurrencies trading which made you to pick interest in reading everything related to Bitcoin and cryptocurrencies,  but I will say that that space of time is not enough because to build a stable financial portfolio in bitcoin one need to put in years of consistent learning and accumulation along the way up, not only buying the dip but also allocating a substantial amount of your total cash flow to stock up your Bitcoin holding to be able to attain the level where your financial stability won't only depend on the price of Bitcoin but also having other sources for cashflow that can sustain you during any market condition that may come along the line.
I could understand what you are saying, i have seen few motivational videos too in which many people tried to emphasize the importance of getting knowledge of How BTC could also make your life miserable if you will not follow or set some rule for yourself. Because, market is volatile and i definitely have to be careful. But from what i have understood from jayjuangee last reply to me.

Holding is better but doing DCA, Lump sum and buying at every dip is good. instead of putting 10% of your savings in BTC for like 10 years. Instead of that invest 1 whole years savings by following some holding ethics and see the gains you will get. I liked that idea and it is far better. So, again i totally agree with you too.

Invest with what you could lose to afford. Is the saying i have heard a lot in short period of time so, i am taking care of my personal expenses first before jumping into investing in BTC. But currently market is full of FOMO for me. Like i don't think i would  get this opportunity again.

IS there any settings here to get notifications when someone call your name or mention you. Because i have to visit this thread to see if someone replied be back or not. I posted on many other topics too but do not if someone has replied me back so without getting into discussions like back to back on WhatsApp we do is not a fun. I am roaming around in search of topics where someone might be called or mentioned me.