Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
MusaPk
on 17/11/2023, 08:15:13 UTC
Although it is not my responsibility, I am trying hard enough to give my friend an idea about investing but some of his questions bother me. No matter how much I tried to convince him about investing, he just kept asking me one question over and over again that if I can make a profit from my investment then why can't he make a profit from his investment if he invests. Every time I asked him to learn about investing first, he misunderstood me and told me I didn't want him to invest. Still patient and tried to convince him, I shared with him my beginnings in convincing him about investments. I told him like this that you are getting my support in starting but when I started investing I didn't get other's support or any other investor explained me about investing like this but still I am successful in investing only because of my efforts. I told him you will get all investment support from me but you have to try.

When I ask him about long term investment he tells me if my investment is profitable now why should he hold it long. I cannot convince him that investing is not as easy as he thinks it is. It's not like I invested and then I sold my investment but I invested and again when I got money I increased my investment that's how I increased my investment and held it for a long time only then I am now somewhat successful from my investment. Maybe it will take me some time to explain to this friend that I have to hold on to it for a long time because if I get excited about the questions he asks, I might not be able to give him a full understanding of investing. Realizing this, even after he asked the same question several times, I kept calm and tried to explain it to him again.

Your intentions are good but if somebody is not understanding you despite your hard work then better spend time on someone who is willing to understand what you are trying to say.
Investment is not a bed of roses that you invest one day and next day or week you will get the profit. Those who are successful investors today have spend initial time and effort in understanding how this works. Bitcoin is a good investment even then we have to device a strategy that works for us.
One more thing is, we all have different way of looking at things so it is not necessary that something that work for you will work for me.