Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Sim_card
on 21/11/2023, 20:20:13 UTC
⭐ Merited by JayJuanGee (1)
Investing in Bitcoin fulfills many hopes of an investor. I wanted to share this topic but it was not shared but today I feel that I should share this.  
That forum member only invested in bitcoin with the funds that he was saving for his wedding and that is a wrong idea in bitcoin investment because you will end up selling your bitcoin with panic because the money was not suppose to be used to buy bitcoin. He was lucky that bitcoin price pump up when he invested and that was why due to FOMO he sold quickly to take profit. @Litzki1990, I wouldn't call that action an investment plan but trading. You don't need to have high hopes when you are investing in bitcoin because the price might not pump as you thought, you will be disappointed. Nobody is saying that you shouldn't plan big on what to achieve with your investment but rather stay focus and accumulate till when you have reached your bitcoin maintenance level, you can start thinking to fulfill your hope.

A professional investor analyzes the market deeply before investing but a new investor never analyzes the market so deeply but invests only based on his intuition. Investing is never risk free, no matter how professional an investor you are you have to risk money and then invest. 

Professional investors or a beginner will always be successful as long as they both have a long term goal, and work towards their bitcoin target. Bitcoin accumulation doesnt need one to be able to analyze the market before buying, but it only needs discipline and patient because it is easy to just keep on buying weekly as long as you have budgeted the money that you will use for regular DCA. DCA minimize the risk that will put fear into a beginner that is new to his bitcoin journey. Stay focus on your bitcoin target and continue accumulating little by little will lead him to his bitcoin target, as long as he is not selling.The difference is that it will be more easy for a professional to achieve his bitcoin target due to so much experience in the market and in accumulating bitcoin with the three strategy. What the newbie only need to do is to keep on accumulating and piling up his bitcoin through regular DCA to increase his bitcoin size.