Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Litzki1990
on 16/12/2023, 06:26:01 UTC
Exactly.. a person (newbie into bitcoin/investing) can start out by dedicating 5% to 10% of his income into the investment, and after a few years increase that to higher amounts.. but surely if it remains unfeasible to increase the investment amount to more than 5% to 10%, then such person should just do what he can, and even 5% to 10% will likely add up, even though 5% is likely only equivalent to having had invested a whole year's salary after 20 years of employing such strategy, but 10% has chances of having invested a whole year's salary after 10 years.. and sometimes these higher levels of aggressiveness (when possible) can make really stupendous kinds of differences in therms of the progress made and how the quantities might add up to significant, meaningful and potentially life-changing amounts.

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.
Such a plan will always be acceptable and the best plan for an investor. We can plan to hold for a long period of time if we want a certain portion of the income we earn from the workplace we are in and the money we earn from that workplace every month. For many people it may be difficult to invest at all with a large amount of money so for those investors the best plan is to invest regularly. But in this type of investment, the investor must pay more attention to the investment and ensure that he continues his investment regularly. By regularly investing a part of their monthly income or weekly income in Bitcoin, every investor can invest based on his own income.

Some investors have this misconception that they don't have much money so they can't invest but I have given a very simple idea about investing to those who come to me to learn about investing. I have been involved in investing for a long time and always try to help new investors.

A neighbor of mine who is older than me came to me a few days ago for advice on investment but he told me that he did not have much money and he wanted to borrow some money from me to invest, I explained the matter very easily without giving him a loan. Tried and he understood. I explained to him that you start investing with the savings you have for now and since you are working in a good organization and from there you are getting good amount of money every month so you invest the rest every month minus your expenses. Apart from investing regularly I also advised him to hold that investment for a longer period and he assured me that he has got a good idea about investing and he can invest easily now.