Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ThemePen
on 16/12/2023, 09:35:27 UTC
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.
That is really a good idea which you have given to him. If he was thinking that he will borrow money from you and will invest all the money at first. And if he will face any loss so he will be in double pressure. One he will pressurized by the loss and second from money he borrowed. So you gave him an excellent idea to invest from the savings and invest and hold tight. And whenever he thinks this is the separate money so he should invest. And best investment is Bitcoin that will be better for him.