Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
BABY SHOES
on 12/09/2023, 21:04:15 UTC
⭐ Merited by Greyhats (1) ,JayJuanGee (1)
I feel pity for anyone that jump into the Bitcoin market without a plan, you'll likely run into problems quickly. It's not a good idea to start investing in Bitcoin without knowing a lot about it and figuring out a strategy that suits you. Investing in Bitcoin isn't like being john wick you're not invincible. If you make bad choices and don't have a good investment plan, you'll end up losing your money bit by bit, and before you know it, you could lose everything.
Investing without a plan is like walking without a goal, before starting of course we already know where to go and what strategy is suitable for you to invest in bitcoin [DCA, lump sump or you have a different way] What you already know is the DCA strategy here I have discussed a lot and I have learned a lot by reading from several people, especially JJG.

While investing in Bitcoin there is nothing bad as long as you don't sell it, but the problem is your consistency in inputting dollars into BTC, sometimes this is more difficult, including clashing with several other needs, so this
will give you a slight obstacle in investing in BTC.

We have the bitcoin halving to look forward to! It is always sure to skyrocket Bitcoin's price. It's up to anyone who wants to sell. I'll be on my chair watching the market while others sell. All I know my Bitcoin is a great long term hold for my future!
Save bitcoin for the next 10 years by means of DCA accumulation I think it would be better.
Let's say you put in $25 for the next two years then increase it again to $50 and so on until you have the financial ability to put in even more, don't think about price movements then you go through the halving which will come in 2024 and you will Past the halving in 2028 I think you will have more Bitcoin in your portfolio.

While thinking about this method, I will try to continue without looking at other views.