Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Frankolala
on 02/10/2023, 21:00:31 UTC
⭐ Merited by JayJuanGee (1)
Well, most of people will find it hard to DCA with the income they get from their jobs or the salary they get every month. Many people live hand to mouth and due to the current inflation globally, the purchasing power of everyone has decreased over time. In such a situation, converting part of their income into bitcoin is a tough task for them.

Yes, this makes sense and is indeed more realistic in accordance with the fact that difficulties are occurring in society. DCA has always been the best method according to most people and I am also sure that most of them have applied this method, because after all, this strategy can give you complete comfort. And well let's discuss even though this good method already exists and we can already use it but still the problem will not stop here, I always think about how those who do not have good finances or salaries that can be said to be below average but have a strong intention to allocate a little budget for bitcoin, while their lives are mediocre and if they try to allocate their budget then the guarantee is their own lives, would you be willing to not eat this week just for the sake of allocating for bitcoin? honestly in my opinion it is not a good choice, I understand your intentions are quite good by using DCA, but that does not mean you have to sacrifice everything, especially your life. The point is that everyone has advantages and disadvantages in financial matters, and I say there is no compulsion whatsoever about when you should start investing.  Bitcoin doesn't mind if you come late, and that means you can come anytime (if your financial condition has improved).
As long as you are not a beggar and you have something that gives you little income, you can still DCA no matter how small your income is, all you need to do is to make up your mind and save a little percentage of your income and use it to buy bitcoin because you know that you are investing for a better future which should start now. It is people that don't see bitcoin hodli as their future investment that wouldn't love to sacrifice to buy bitcoin.

Life can't be as bad to the point that you do have only the money that you will use to feed alone, there are some days that we will be lucky to have some additional funds from people or from our working place. Fun's like bonuses or funds that will motivate you. Such funds can be used to buy bitcoin and from there you plan how possible you will able to accumulate funds for your DCA either monthly or quarterly, it isn't a must that it must be weekly with a specific amount. Everything about bitcoin investment is you believe in it and how you have understood that it will be a safe haven in the nearest future, with all these understanding, you will want to look for a way to buy and DCA based on your income size, no matter how small it is, because you don't want to be left out and regret in the future.

So many people didn't see how important bitcoin this very day and they didn't invest in the early stage but now they are regretting, if you ask some of them then to invest, they will say that they have low income od which they can still save out something from their little income to invest if they knew that bitcoin price will get to this level now. What am trying to say is that no amount is too small to use in investing using DCA strategy, all you need to do is to plan yourself and know how much you will be using and if it is very small, pile it up for 3 months or four months and buy regular like that or when you have extra funds that you didn't expect, you can use it dor upfront DCA.