Quote from: dderekwalcott on Today at 07:59:22 AM

Quote from: Mayor of ogba on January 29, 2024, 11:40:36 AM

Quote from: Hewlet on January 29, 2024, 05:22:47 AM

Quote from: Tmoonz on January 28, 2024, 10:52:12 PM

It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

the decision to go for either what you call long term investment which is HODLing or short term investment which I feel you're referring to TRADING depends totally on the individuals choice and experience.

For people that have mastered the art of trading, they might look at buying the DIP end HODLing it as a strategy for the inexperience ones while those that only buy the DIP and HODL might think that traders are high risk takers but the thing is more of focusing on what works well with you and sticking with it. The only issue is that because of the complexity involved with trading and the chances of a new person just starting his Bitcoin journey to experience looses more in trading than he will do in just Buying the DIP and HODLing is the main reason why it is more advisable for a beginner to start his Bitcoin investment journey by just accumulating it and Hodl.

Even people who have mastered trading still lose money while trading, which is why trading is not something a newbie should practice because he or she will lose his money. Of course, traders are high-risk takers because they will be making little profit from bitcoin by buying at a low price and selling at a high price in the short term. Which I think is not a good strategy towards owning a bitcoin because you might miss out on bitcoin when you buy bitcoin at a low price and sell it at a high price and still wait for bitcoin to dip so that you can buy it again, but the bitcoin price refuses to dip and keeps making an upward trend to the point where you cannot buy it again. It is not just for beginners to accumulate bitcoin, but they should make sure before they start accumulating bitcoin they have a source of income that they will use, like 10% of their income to accumulate bitcoin every week or month, and they should also keep an emergency fund to take care of their financial needs after they start their bitcoin accumulation journey with the DCA strategy, so they will not sell their bitcoins at a loss because there is no more money to take care of their financial needs.

In the world of investing wait for the perfect financial situation before taking the plunge can often lead to missed opportunities.Instead of focusing solely on having a comfortable emergency fund before investing, consider adopting a "dip and hold" strategy that allows you to start small and gradually build wealth over time.Many investors fall into the trap of waiting until they have a substantial amount saved up before considering investments.However,this mindset can hinder financial growth and delay the achievement of long-term goals. Instead,think about how much income you have coming in regularly whether it's daily,weekly,or monthly and allocate a portion of it towards investments.With the "dip and hold" approach,you divide your income into segments one for emergency expenses, another for daily needs,and the remaining portion for investments.By setting aside a portion of your income for investments regularly,you can start building a portfolio even with a modest amount of savings.One key aspect of the "dip and hold" strategy is to remain committed to your investment plan,especially during market downturns or fluctuations.During periods of market volatility,it's tempting to panic and sell off investments to mitigate losses.However,staying disciplined and holding onto your investments during dips can often lead to greater returns in the long run.By consistently investing a portion of your income and holding onto your investments during market downturns,you can take advantage of buying opportunities when prices are low and potentially reap the rewards when markets rebound.This approach not only helps you start building wealth with limited savings but also instills the discipline needed to navigate the ups and downs of the investment landscape.In conclusion,the "dip and hold" strategy offers a practical approach to investing that allows you to start small and gradually build wealth over time.By allocating a portion of your regular income towards investments and remaining committed to your investment plan during market fluctuations,you can set yourself on the path to financial success while avoiding the pitfalls of waiting for the perfect financial situation before investing.

We all know bitcoin investment is a long-term investment for like 4-5 years before you can benefit from it. People who have what gives them money daily, weekly, and monthly are very much allowed to start accumulating bitcoin without running into financial problems because they can save an emergency fund anytime they receive their money to be used to take care of their financial needs while they accumulate bitcoin with the DCA strategy. But people who do not have what gives them money daily, weekly, and monthly should not rush to invest in bitcoin because they cannot save up emergency funds they will use to take care of financial challenges, and we depend on their bitcoin investment to survive when the money they managed to save before they started accumulating bitcoin has finished. As a newbie, stick with accumulating bitcoin with the DCA strategy to enable you to buy bitcoin at different prices and reduce the volatile part of bitcoin in your holdings, but if bought at the dip and it continues dipping, you will be angry by the little loss you experience in your bitcoin holdings because you are new to it and might even make you sell your bitcoin at a loss.