Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
macson
on 05/01/2024, 23:30:10 UTC
⭐ Merited by JayJuanGee (1)
That is why we should not rush into bitcoin investment, we should understand Bitcoin is not a get-rich-soon, so anytime we are ready to invest in bitcoin we will make sure we have a source of income that will allow us to freely invest in bitcoin with the DCA strategy and also take care of our financial challenges so that we will not depend on our bitcoin investment to settle our financial challenges when the needs arise.
Not rushing to invest in Bitcoin is a wise thing, people who don't have a stable income will find it difficult to invest stably and calmly in Bitcoin, because of the uncertain economic conditions that make many people actually think about selling the Bitcoin they have bought. and hold, of all the existing investment methods, using the DCA method is the best, especially with the DCA method, every bitcoin buyer will be able to manage their money well and maintain a balance between investment finances and finances for daily needs.

It has been proven that the price of Bitcoin grows and recovers over several years (a little longer) and therefore it is necessary that if we want big profits then invest Bitcoin over a long period of time.
Regarding the money used, I think every experienced investor will understand, Bitcoin investment is not a short-term investment that promises big profits, so we can decide for ourselves after knowing all that.
The price of bitcoin is indeed very fluctuating, but if you pay attention since the beginning of bitcoin's circulation, the price of bitcoin has actually tended to increase, this shows that bitcoin is not a good investment for the short term, but it is very good to use as a long term investment.