Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
nara1892
on 13/10/2023, 17:21:32 UTC
⭐ Merited by JayJuanGee (1)
It is true that sometimes everything will go to red and we have to consider whether everything going to red will affect us, and I would think that if we have already decided to invest into bitcoin based on our income and we have chosen a DCA amount, then we just continue to buy bitcoin, and sure if our income or our expenses had changed, then our disposable income has changed, so then in those circumstances, we may well need to make some adjustments, but our investment thesis should not necessarily change very easily when it comes to something like bitcoin.   
That's true Jay you have spoken well, I have actually learnt a lot from you and I believe others will also benefit through understanding your explanations, however irrespective of our DCA method there could be a time when things may not be too rossy for us due to other serious pressing needs but however we should be able to adjust our accumulation amount in other to solve those needs and at the same accumulating.

Actually even with DCA method the possibility of things getting hard sometimes that even with the reserve funds may not be enough to Carter for those needs but as an investor we should be able to remedy that situation by adjusting our accumulation pattern maybe by reducing the disposable amount use in accumulating, for instance if our weekly accumulation amount is $10 however in other to adjust to fit in the needs we could reduce accumulation to $5 weekly and when those pressing needs are solved we could continue our normal accumulating amount.

It is true that since the beginning of this topic until now, to be honest, I have also gained a lot of knowledge, especially in terms of bitcoin and various other ways that are more reasonable and very easy. For DCA itself I admit that indeed this is a very simple strategy but it is very suitable especially for those who are beginners, not at all complicated and maybe they only need basic knowledge of what DCA itself means. And well even though there may already be a method that can really help this but the problem is still not over, there must be some factors that can cause us to fail or maybe be late in the accumulation of bitcoin. I agree with you, basically the situation and conditions will not be completely in favor or may not always support us in investing bitcoin, especially in terms of finance or someone's finances that are not good or possible. Of course some problems in real life can occur and adjustments become the initial solution, try to keep everything running in balance between basic needs and bitcoin accumulation.

But honestly it goes back to yourself or themselves, if indeed your finances are not good - fine then maybe you don't need to force to accumulate bitcoin because there is absolutely no compulsion for us to invest, whenever you are ready then you can start, the most important thing is not to sacrifice your life needs such as costs for basic needs and then allocated to bitcoin, your life is more important than anything, and well if you still have a way to be able to improve the situation like that then do it. Start saving from now on and use that money for bitcoin allocations, none other than that also to realize all your dreams in the future, just need to be consistent and patient.