Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 02/10/2023, 05:06:49 UTC
If you are not sure about it, then start with buying $10 per week of bitcoin and get your shit together, figure out your finances and your psychology and if you got it mostly figured out
I know it is as too small to begin But this is me that you mentioned mate, Yeah I started purchasing 10 dollars worth of Bitcoin back in mid of 2017 , and added a increasing amount each week.

but with wrong decisions in life, I got involved in gambling and ending losing all my investments in 2018 and yes , I truly regret those decisions.
But from there of mistake ,Now I can proudly say that I can feel the success in the net bull run.

I started out with $10 per week as an example because a lot of people can probably do $10 a week without even having to know very much about their own finances... and sure there are some members who either hardly have any income or they are living in a very low income location (or they might be a student), so even $10 per week might be a struggle for them, so they have to tailor to their own situation, even though $10 per week could still serve as kind of a aspirational starting point..

I am not really against the idea of having a separate gambling fund, but yeah, sure one of the problems with the gambling mentality tends to be inabilities to control yourself from tapping into funds that should be kept separately.. and then your little build up of weekly bitcoin DCA ends up getting used a a "temporary measure" blah blah blah.. but then pretty soon you lost all of the funds that you had built up.

One of the better things would be to learn from that kind of lesson in order to contribute to your own improved disciplinary boundaries.. and perhaps even coming to learn that gambling is not a very good mentality and/or practice, even if you might have had some periods in which you had been lucky in the past.

There are always going to be people who are more willing to take risks and others who are more risk averse, and that's o.k that each of us is not going to end up taking the same approach, and we should be attempting to tailor to our own personalities to the extent that we might also be attempting to identify if there might be some habits or personality traits that we might need to temper or to bring under better control in order to improve our habits rather than getting sucked into losing behaviors.. but if we can moderate or modify our behaviors, we might still be able to be a bit more risk taking, without necessarily ending up devolving into betting too much or betting all of our stash when we need to be mostly preserving our principle when possible and feasible... that way our future self will like us a whole lot more if we have options rather than having to start over several times and then ending up never really getting anywhere in terms fo the building of our wealth.

Don't come crying to me and saying that I told you want to do, even though I did tell you to get the fuck started with your BTC accumulation strategy rather than sitting back and claiming (or is it whining?) that you need to know more...blah blah blah..
Hope he will not act like that lol.. 

but for me , as I keep reading most of your post and still learning more each day , thank you for being so active specially for Bitcoin .

I just feel that sometimes it does not hurt to throw in the little disclaimer in regards to each of us needing to be responsible for our own decisions regarding whether or not to invest into bitcoin, how we go about it and how much... including that if we do not invest into bitcoin, then that also will have consequences that might not exactly be good for your financial/psychological health, but each of us is going to have to make those kinds of choices and then live with the consequences.