Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Ojima-ojo
on 14/10/2023, 14:51:44 UTC
⭐ Merited by JayJuanGee (1)


Anyone who uses money that they need for their expenses to "invest" in bitcoin is not investing. 

Instead they are gambling.
When i first got in contact with Bitcoin some few years back, then i hard this money gifted to me by my grand pa and have been in the account for over 3 years since he died, and I decided to buy Bitcoin with that money at the first stage since i am not gona be needing the money for a long time, i even bought more bitcoins after then with my personal money and i dont intend to look back at my bitcoins stashed for God knows how long, but then if the bull run comes i may be forced to DCA some amount up to half of my entire holding may exchange int Dollar.


But if I had invested borrowed money or money that I have urgent needs for, I won't be able to hold it for this long and at that, I may be forced to sell even at a loss, which is nothing different from gambling, and also we have a lot of investors who have such mindset towards Bitcoin but they end up being disappointed since Bitcoin can't perform in any particular other than it own pattern of market movements.