Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Asiska02
on 27/11/2023, 13:59:43 UTC
⭐ Merited by JayJuanGee (1)
We used to invest earlier and after investing earlier we saw the market only going down for a long time but still we held our investment deep hoping for something better. The market is in a much better state than it was once. Now is a golden opportunity for new investors because the market is now positive and we have been observing the market positive for almost six months. Now if an investor invests in Bitcoin and holds that investment deeply then he will have a golden opportunity to grow his money.  

Every time is always a golden opportunity to invest in bitcoin as long as you’ll be holding for a long time for the investment to grow. Those that have invested and hold on to their investment for a long time till now are not guaranteed to make more money after the halving when bull run approaches than those that are going to invest now. It all falls back to how much you were able to invest at the time of investment and the quantity of bitcoin you’ve accumulated together after investment. If someone had invested $1000 worth of bitcoin ( maybe 0.0001BTC) is the value 2 years ago, and I invested $4000 worth of bitcoin when it has risen by some percentages (maybe I got 0.0005) of the bitcoin today even after the increment in price. If we both hold for a long time till after bull run, i will gain 5 times more because of the quantity of bitcoin I had invested than the one that invested earlier. The main point here is that how much quantity of bitcoin you can accumulate for a long time before the bull run comes without minding the amount putting into purchasing that quantity of bitcoin.

   As an investor you need to have an alternative source of income to support  your investment and your
Livelihood  if not it will be very difficult to continue because of the challenges you have to pass through and the time your business will mature .
   Investing in Bitcoin needs cash flow consistently in other to buy your coins and accumulate them for the preparation of halving ,in buying the dip and HODL one need to set aside a specific amount  from your salary or income always  and investing  first before anyother of your responsibilities or expenses  at the end of the month  in other to save and accumulate more for long term using the DCA method or any other method you feel is the best for you to accumulate

DCA method does not require you to set an actual amount from your monthly salary income and be investing in bitcoin always. Wants and needs are unending and the next one after this month can’t be predicted ahead of time. Emergencies happen unexpectedly and there are some that you can’t just look over without solving them. It doesn’t matter how much you’re able to save from your monthly salary to invest in bitcoin. If you have set aside an emergency funds for unexpected happenings, you can invest the rest in bitcoin so that you don’t touch from your investment when emergency arises. If your investment in bitcoin is still your emergency funds, you’ll lose more because of the volatility nature of bitcoin. You might end up seeing that you’re always buying high and selling low. So only invest what you can afford monthly even if it varies monthly whilst making sure your emergency funds is always available to pick from when emergency arises. You should know that 1BTC is always 1BTC unless you spend out of it.