Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
nara1892
on 05/12/2023, 18:44:44 UTC
⭐ Merited by BigBos (2) ,JayJuanGee (1)
[edited out]
I don't think JJG had a problem with my earlier post where I said I was buying with 50% as lump sum, 30% DCA and 20% dip. He was even in support of the approach provided I have my emergency funds available. I think it was you that didn't properly understand my initial analysis.

Of course, we have a lot of latitude in how we choose to invest into BTC, and I think that would be my main concern with anyone who is going to approach BTC in what seems to be a more aggressive than typical way is to make sure that they have a pretty solid emergency fund.. .. So in other words, the more aggressive that we are, the more important is that our emergency fund is solid.

True, all individuals have freedom in terms of choosing the way in the investment approach they will take on Bitcoin, there are no restrictions and no one regulates you except yourself, whether you will be aggressive or remain normal as usual in your investment approach basically it is all up to you and your own choice which means only you yourself know what is best / safe for your journey of involvement in bitcoin. On the other hand for those who act aggressively but do not have a good balance or finances in their finances it seems that I would be a little suspicious of them in terms of the purpose of their arrival.

On the other hand, aggressive has the equivalent of excessive, and something that is done excessively usually has a goal that makes less sense behind the scenes, and if there are some who are involved in bitcoin bringing scenarios like this it looks like they want something instant or the meaning of reciprocity that can make them feel satisfied in a short time. Can you achieve the results according to your expectations? yes maybe but do you have a very good understanding and knowledge of bitcoin? maybe yes and maybe no, planning and behavior like that makes me keep a little question mark. Another thing is that I quite agree with your idea @JJG that if we want to do a fairly / very aggressive way of approaching bitcoin that means we must have something that can sustain our real life or that means having prepared an emergency fund that will keep you okay during your involvement in bitcoin, and do not let your aggressive approach not be the result of careful consideration beforehand because obviously it will only worsen your situation and living conditions.