Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Falconer
on 31/10/2023, 21:02:02 UTC
⭐ Merited by JayJuanGee (1)
-snip-
Bitcoin is here to save the poor from hardship through the opportunity that it has offer for one to invest into it. Bitcoin is a different investment from others abs only need little capital to invest. Anyone that understands this will gladly assign some fraction from his income to invest, or look for a way that they can increase their income, if what they are earning wouldn't be enough to take care of their responsibilities and also invest in bitcoin.
But in fact, poor people tend to ignore any investment because they only need to meet their daily needs and sometimes go hungry. Bitcoin doesn't save the poor, it just gives an opportunity to anyone regardless of their financial condition, that's what I have to admit.

Extreme price volatility makes most poor people who previously earned $100 tend to avoid it rather than invest, that's what I always get from several people I've met so far. Poor people, let alone investing, sometimes even their basic needs cannot be met.

Some people thinks that they must have a good income or a big capital to invest and they will keep wasting their time waiting for that right time, of which they don't know that it better to start investing with the little that they have now and plan to look for a means to increase their income. Bitcoin is seen as a safe haven in future when you invest in a long term with regular DCA to increase your bitcoin, and if a newbie believes in this he will definitely invest.
I admit it because I did it. Having a budget to invest is a feeling of gratitude that needs to be expressed. Not everyone has them, while some others fail to take advantage of them and tend to hold fiat. Accumulation is part of a good plan when you want to earn returns over the long term, and DCA is an approach worth considering because it can give you the best opportunity to buy at a lower average price.