Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 30/10/2023, 22:00:13 UTC
I don't!, no stash for trading all that just for BTC investment and HODLing so on, how to accumulate using DCA strategy.... 30% of monthly income for BTC investment and the rest for living and other needs.
Nice to see that you've got the status to put 30% of your monthly income to BTC and you're firm in holding that.

You are right with the implication that 30% is a lot to be investing into bitcoin and/or otherwise saving, jossiel..

Most people have trouble saving any income and frequently, 10% of their income can be a reasonable and even a somewhat aggressive target for a lot of people (even though surely some people have more discretionary income than others and if they make a lot of money, sometimes they can live a kind of minimalist lifestyle and end up getting up to decently high savings/investing levels).  Many of the normies can make quite a bit of progress just by going from near or at 0% to 10%, and surely if they can invest/save more than 10%, then the is o.k. as long as their other financial matters are in order.

Although it sound interesting but hard to achieve that amount of %30 on regular basis expecialy on DCA strategy. Considering the responsibilities in the family. for example a country like mine, if you continue like this you will put yourself in financial jopady. For me I think %20 will be good to go. but if one can develop and nuture that characteristics, I think it will go a long way if there are other means of lively hood.
Yeah that is true but however it all totally depends on the investors capital so in as much as 30% weekly accumulation is very hard but there are people who could actually find it very easy to accumulate with such percentage on weekly basis.

So however that's why is always advice able as an investor to avoid what they called fear of losing out from the market because this is one of the major factor that propels most people mindset to rush into accumulating Bitcoin using a higher percentage of there capital with the fear that if they did not accumulate a huge amount of Bitcoin they may not have the opportunity again.