Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Publictalk792
on 15/12/2023, 17:06:20 UTC
Snip

That's actually good figures to invest but knowing newbies they don't easily go with long term investment that's why they also need to experience first how to trade well in the market and after that for sure they would realize that Hodl is so good for anyone and for that they can start this 5% or `10% part of their salary for their investment. After that once they know how good to have bitcoin then they can increase their balances if they want to increase their investment capital for bitcoin.  I might not suggest to use all of their salary but rather slowly increasing the amount they use maybe better so that they can still have money to use for spending on other things they need and they don't need to became more greedy with it since there's perfect time for everything that's why use the amount they can afford to lose since everything will be rewarding in the end once bitcoin pump and we properly execute all necessary things needed especially for strengthen up their emotions on the challenges comes in the market.
Exactly... Beginners should learn about trading before making long term investments. They need also to understand the market and get better trading before investing a lot of money in beginning. It is a good idea for them to start investing a small part of the salary like 5% or 10% to slowly slowly build their investment portfolio.
Once beginner understand Bitcoin and feeling more confident in their trading skills. They should start investing.But it is important to not use all of their salary for investments. It is good to balance and use some money for investments and some for other important things for life.
Become too greediness when investing can be dangerous for them.By using only money they can be afford to lose.... beginners can reduced the risks and can avoid making quick decisions. It is important also to be emotionally strong and able to handle challenges in the market for long term success. And this experience can be gained buy investing some less money in beginning.
To sum up, starting with small investments gradually investing more money and keep a balanced approach can help beginners in the market.