Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
rachael9385
on 02/01/2024, 18:53:16 UTC
⭐ Merited by JayJuanGee (1)
For sure, so many people get very caught up in the idea of feeling that they need to buy at the bottom or that if a correction comes then they are going to look silly, but when it comes to bitcoin, if you don't have any bitcoin at all, then you are not prepared for up, and also if you have an investment portfolio of $10k-12k, and you have a job that pays you around $1k per month, so you have one whole year's expenses/income in your investment portfolio, then you also have abilities to prepare for UP, but you choose not to... so it just seems strange that some of these folks might not at least get 1% into bitcoin, which in this case would ONLY be $100 to $120, and sometimes if they cannot muster the amount up right way, then just buy $40-60 right now, allocate the rest for buying on dips, and then start buying $10-$20 per week... and at least that is something.. and yeah it takes some time to get all of this set up and to get used to it, but if you have no bitcoin (or if you are way under-allocated in bitcoin), then you are not sufficiently/adequately prepared for up... even though you are supposedly prepared for down that may or may not end up happening.
/quote]
Speaking the whole truth, this is the quote that called my attention, if you don't have any bitcoin at all, then you are not prepared for it up.

However, that's correct. I agree with that because that's absolutely correct, and it is the same as one can not call him or her self-investor, if he or she has not invested anything in Bitcoin.

I have seen some threads (discussions) whereby someone sold his or her house, phones, wife's jewelry and lots more just because they want to invest in Bitcoin. Although I am not in support of selling things to invest in Bitcoin, because if anyone should always sell things to invest in Bitcoin, that means the person will have to sell everything he or she has and even if they get big profits from Bitcoin the future and finally use the profits to buy some kind of things he or she might need, the person will still sell them to invest in Bitcoin again. So working and getting paid is the best way one can get money that he or she can use to invest in Bitcoin and not selling properties.