Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
Aanuoluwatofunmi
on 01/02/2024, 19:23:39 UTC
⭐ Merited by Oshosondy (2) ,JayJuanGee (1)
Bitcoin is an asset which needs your holding powers. If you will hold it and wait. So this will give a big surprise. But making it as a source of income this is not a good decision by the way. First make a passive income source which will feed family and then invest in Bitcoin. Means I want to say that if you will be mentally relaxed so you will invest in Bitcoin and can hold for a long time.
It is my point of view other may disagree. I just share my point of view.

I also quite understand the point of view that you explain because someone whose condition is quite relaxed and does not feel any difficulties in life, of course it will be easier to keep Bitcoin for a long time if that person is very confident and believes in Bitcoin. But I will still consider Bitcoin as a very good source of income even though everyone who believes in Bitcoin must also have other sources of passive income so that they can be more relaxed in holding Bitcoin and will not easily panic about their own living conditions.

I will not blame your point of view in this case because basically everyone has their own point of view in understanding all things, including this one thing. However, Bitcoin must always be considered good and even worthy of being considered as a good source of income so that each owner will continue to maintain their ownership very well without being affected by other things that come unexpectedly.

We should however always remember that we are going to only be ready of affording to make an investment on what we are capable of, this is not what should be done in haste or without having adequate and proper plan, we have to set a budget for how we want to go about with the kind of investment we are opting in for, take and manage the risk involved and have the understanding of the necessary requirements needed for it to turns a profitable one on us.