Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Salahmu
on 22/09/2023, 21:51:16 UTC
Truly money can resolve our urgent needs but in some cases when money is not available, the available should go in for it or possibly take the place of the money to solve the problem. Most times things happen that no one bargained for but you will have no option but to respond accordingly. These experiences are sometimes among the reasons one needs to invest. Irrespective of the nature of the investment, for instance, bitcoin that you have direct access to when you are in urgent need that requires a financial commitment and you have no cash at hand and in your account but you have crypto assets. It is expected of you to sort yourself out.  That is good because when you have enough to sustain yourself and more, you invest the excess so as to serve you when you are in urgent need and the investment as the case may generate income as time goes by.
I don't think that's a good investment plan mate because investing with the hope or plans that if there is any urgent needs you could use your investment to sorts it out so what if perhaps you bought a Bitcoin at the rate of $26k and the price drops to $25k at the time of your urgent need of funds would you sell knowing that you're at losing side? With that mindset is better not to invest at all than investing to loss because our goal of investment is to make profits and not loss. Obviously we no that in live urgent need could arise anytime but there should be a provision or method you could actually set in other to sustain those urgent needs from disrupting your investment were as establishing an account that would help you remedy the situation if the needs arise as such allowing your investment to grow.