Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Roseline492
on 03/10/2023, 19:47:06 UTC
⭐ Merited by JayJuanGee (1)
OK, but if we plebs buy Bitcoin NOW, and the recession does come and crashes all the markets, crashes the job market, crashes banks, depletes our savings, then I believe for most of us we will be forced to sell our Bitcoins at a discount.
Yeah you have a point but perhaps in most cases economic recession doesn't crash all the market but instead it could only reduce employment rate and money circulation but as someone who has save a huge amount  of money, I don't think diversifying some of your funds to Bitcoin will affect you but perhaps you can divide the money into three places and use one part to accumulate Bitcoin and use the second part for future needs and the remaining for the daily needs, so with this method I see no reason why someone can easily be affected as such leading to selling off your accumulated Bitcoin on discount prices, I don't think diversifying investment to Bitcoin means we should put all our savings on accumulating Bitcoin without a savings that could sustain us through out the recession period.