Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
michellee
on 31/12/2023, 06:10:06 UTC
⭐ Merited by JayJuanGee (1)
Actually I earn about 180 dollars per month doing masonry work.I put aside a day's worth of my paycheck at the end of this work week to invest in Bitcoin, and my wife puts about $25 of my monthly income into insurance. We have done this insurance for about 10 years.Where we have to deposit 25 dollars amount money every month.

@Jaygungee After reading the post you quoted me, I explained to my wife that if we invest the money in the insurance we are collecting into bitcoins, our bitcoins will increase.We can even get more profit by collecting money in insurance than by investing in Bitcoin.

My wife is literate which didn't take me long to convince her but she already had a little idea about cryptocurrencies and even Bitcoin.But he didn't understand well about bitcoin investment after I explained him well he asked me to invest that amount in bitcoin instead of saving the money in insurance.We have decided to start our new bitcoin investment journey from next month i.e. January and invest $45 per month in bitcoins and its duration will be ten years.
It is a good idea to include Bitcoin in your investment list. You've done a good thing by putting $25 into insurance, which should continue as usual.

Meanwhile, you can put other free money into Bitcoin investments. As for the amount, it can be adjusted to your financial management.
That is called DCA, where you invest regularly in Bitcoin every week or month.

With $25 for insurance and $20 monthly to invest in Bitcoin, it can start whenever you are ready. But if you intend to allocate $45 monthly into Bitcoin, it's also worth doing. The important thing is that you can allocate the money well and not interfere with your daily needs. And don't forget to have savings in preparation if you encounter sudden needs that those savings can cover.