Post
Topic
Board Bitcoin Discussion
Re: Am I Too Broke To Own Bitcoin?
by
koang
on 02/01/2024, 11:34:22 UTC

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.


Buy and Hold is the simplest and easiest way to invest in crypto.
However, Hodl is just one strategy to maximize profits. There are many more ways to maximize profits to achieve financial freedom.
Before deciding to invest, it would be better if an investor must determine his investment goals, whether for the short term or long term.
After setting the goals, we choose what strategy is most appropriate to achieve these goals.
So, Bitcoin is just an investment asset. Building a mindset to become a successful investor is more important.