Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Frankolala
on 02/10/2023, 08:41:59 UTC
⭐ Merited by JayJuanGee (1)
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.


I wouldn't call it a "gambling fund", but the farther away Bitcoin goes from the "discount phase" it's probably better to start lowering the DCA bids, and save that money in a "buy at discount fund". I don't know why I'm not as euphoric as everyone else with the current price movement, because in the current macro-economic environment, we're at high interest rates and under a tight monetary policy which may not change soon. Does everyone actually believe Bitcoin will never go down again?

BUT I read this blog, https://willowdaleequity.com/blog/what-assets-do-well-in-stagflation/

In a Staflationary environment, it's probably the best decision to buy more Bitcoin?
Nobody knows if the price of bitcoin will go fown again. It may or may not as it is hard to predict bitcoin price movement. The price is still at the good side to continue with DCAing as we are still expecting bitcoin price to pump, since this is the last quarter of the year and there will be bitcoin jalving by next year April.

If anyone is hoping and believing that bitcoin price might still dip, that person might get dissappointed at the end when there is no dip, this is why it is better to take advantage of the price now as we are expecting a price higher than the last ATH in 2021. If you buy now and continue DCA, there is still big hope for you, rather than waiting and delaying because you might end up making the wrong decisions that will lead to you missing out in the bull run.

Just keep on accumulating for the future when there is will Staflation, so that you can be free from that trap called Staflation..DCA will be the best option to prepare you for it.