Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Ryu_Ar1
on 24/08/2023, 18:38:29 UTC
⭐ Merited by JayJuanGee (1)
Not wrong with your opinion exactly how to keep consistent accumulate in daily day or weekly for investing in Bitcoin, not all investor have the same abilities actually after pandemic covid 19 and right now I face with recession era, have much debt have to pay when cut off my salary during pandemic and as possible keep consistent spent few percent of my salary for accumulating in bitcoin and my debt payment. I don't think problem with small or bigger amount but consistency needed if want earn profit one day later with our investment keep accumulate bitcoin in daily day.
Therefore, it is important for us to know and plan from the beginning about good financial management so that conditions like this do not bother you too much.
I have said before that bitcoin investment will be better if we budget in the monthly income we have with a few percent aside as a form of consistency if doing DCA in other words the view of buying with "more money we have" is slightly changed in this case so that we know the expenses that we will determine to do DCA.
Regardless of whether DCA is done per day / per week / per month, we have a fixed budget so that it can be used as an initial calculation.
With this condition, apart from us being able to know how much budget we spend, we also know that the income we have from the salary will not make it difficult for us to do DCA because there is already a fixed budget that we determine.

Maybe this sounds a little imposing because we are cutting some monthly budgets but as long as it doesn't bother you and you are not burdened by the income from your salary being cut then I think it's fine and I always do something like this every month.