Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
rachael9385
on 09/09/2023, 08:04:09 UTC
Aggressive buying is mostly during an overly discounted Bitcoin market period,  and do so should be done with funds that have no need for for as long as the time can take to make adequate profits in the long term,  
It seems a little normal as we are perceived to be able to afford much larger purchases and with our greed in mind, these thoughts will always be there.
But on the other hand, this kind of aggressiveness will actually disrupt your rhythm especially when doing DCA. because indeed when discussing consistent DCA, the emergence of thoughts of being too impulsive will cause our DCA to be disrupted which makes this a little risky.
I previously made mistakes like this especially when bitcoin was at the price of $20k at that time, even though it was still profitable from a calculation point of view but on the other hand my DCA was disrupted because of the impulsive nature that I did so I had to change from the beginning of the DCA concept that I did and it was actually a little troublesome.
When I say aggressive what I intend is that when the price of Bitcoin drops significantly to the point that the obvious is that you be at an advantage in buying at that time,  most especially when you make the buying out of cash that is left over.

Not with money that is already budgeted for something else,  at most we should not be under any form of pressure at whatever point since we ought to make our best decision free from any form of pressure in both short and long term.
When you dont have anymore the funds and you do see that there's a good spot or opportunity to get in then you might be ending up on getting some loan or borrowing money which its never been that recommendable on doing so. There's no such thing about unlimited funds and for us risk takers or to those who could really be able to afford on losing if ever it was a bad decision will really be finding ways on having funds to make yourself getting in into such opportunity. The only shocking thing for me is that why is there people who do really that get surprised if ever the price do make out corrections? without even trying out to realize that recovery would really be next in line. Making some DCA action is something that would vary on certain investor or trader since not all would really be that thinking whenever there are really that opportunities and also funds or money is just really that limited.
Yes, you are correct, when someone doesn't have any funds and the person has seen a good opportunity, the person might end up borrowing money, which is a bad idea. It is a bad idea because the investment is not guaranteed for your profits, (the person might end up losing the borrowed money). If a person loses borrowed money from an investment, the person can not pay it back because right from the first place there was no money for him or her to invest in. That's why the person collected a loan. Maybe in the process of not paying back the loan, money problems can occur or the person might still borrow money from another person to pay back the former one.

So I rather recommend a person to sell any of his property that has no good value for him so he can invest with the money, because if anyone sells his property to invest in Bitcoin, he will not be scared of losing and will not think of how to get money to pay back because it is his money he has no fear.

Although it is not too good to sell a property to invest in Bitcoin, it is safer than borrowing money to invest. I have seen a case where someone borrowed money and the person could not payback but was arrested, so instead of encountering such, it is better to sell property for investment.