Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ryu_Ar1
on 17/09/2023, 17:49:16 UTC
Another factor can be based on the increase in price of goods and services in a country, whereby the persons salary no longer meets the requirements of the things that is needed to sustain one's self. I think that have enough effect to alter one's DCAing in accumulating Bitcoin
IMO when you say the actual salary factor it doesn't change any views on the DCA issue.
Indeed, now we are in a really difficult condition and sometimes the income we have is very sufficient with expenses that are getting more and more expensive, but when we understand and can manage those needs well, investing and doing DCA will not be hampered by that because we can adjust the budget we have from the income in a month for daily needs including unexpected needs and to be in investment.
I think we already understand and can be flexible with something like this because of course the initial concept should start when thinking that this investment is only a portion or a few per cent of what we collect from the monthly salary.
This should be brought into a stated fact that inflation can harm one's level of DCAing.
If there should be an inflation in a country economy and the salary of that person remains the same there must be an effect on the person's method of accumulating Bitcoin. Not minding the emergency and most people get into debt as a result of there salary not meeting up to there basic need
Investment is not to trouble ourselves if indeed we are eventually affected by inflation and the worst possibility is that we cannot continue while the DCA is done then I think it will not be a problem because we invest not to trouble ourselves and remember this investment is only as a support for us to enjoy the old age that we hope to be beautiful.
Rather than in the end this will hamper our needs by forcing investment which of course will also not be able to be done properly then I think in this case fulfil the needs of life that we will do first.
If necessary, we can also sell some of the investments that we have built before (if they are profitable) to cover the needs we have so that we can be free from the inflation we receive.
Remember, this investment also aims to make changes to our lives so that when our lives are threatened, which can be said to be primary, it is not wrong to temporarily stop the investment we are doing because it is secondary rather than torturing ourselves with increasingly difficult conditions.
But in this case, hopefully we can avoid the worst possibility and still be able to support ourselves and our families properly and not leave our investments.