Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 02/12/2023, 04:01:30 UTC
Many say invest what you can afford to lose. So after family expenses from your income, if some amount of money is better to invest in bitcoins in DCA method. But it is best to invest in different sectors not only in Bitcoin. Which I am currently investing some amount of my income in bitcoins and also investing in different sectors. Even if my entire Bitcoin investment were to suffer a loss, I would not be financially broke.

Well I will talk on the aspect of invest what you can afford to loose , I think this  doesn't even hold only in investment but aswell as trading And that's  not the purpose of this post though Tongue.

However, the best practice is to invest what you can afford to lose right??  In the case of Btc, its an apex coin so you can expect it to crash drastically over night even if there's a crash , there's always a little profit to settle with comparing to your entry and the amount invested, but it's good to just think it that way  besides investment needs follow up so you can always determine the point opt out of investment.  Smiley
Mate, there is no need to invest what you can afford to lose on something because there is a probability that the investment will be a failure one day, even though you invest with the money you can afford to lose and the investment doesn't yield out anything, you will be angry because you have already hope of making extra money from the investment. Also, it is best to invest with money you will not need for the long term so that if the investment does not yield profit quickly it will not affect your daily needs, and you can depend on other things that give your money to run your life.