Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Troytech
on 02/02/2024, 10:05:11 UTC
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Money is a very valuable thing in our life. Everyone has to work hard enough to earn money, very easy but never money. Since it is difficult to make money, it is natural for an investor to think about it when he invests that money. If an investor invests the entire wealth that he has accumulated over a few months or years, he must think whether he is investing his hard-earned money in the right place. Those who have prior knowledge of investing may not worry so much after investing but this problem is more common among those who are new to investing. In
 
I disagree with you on this it is never a good idea for any investor to invest all his entire money , if you invest all your entire money you will be left with nothing and that is gambling with your investment and this will  increase emotional instability when there is a downward trend in the market you need to save some part of your money to enable you grow your asset and reach your specific goals.
I don't think investing all your money into bitcoin would be the best idea no matter how you desire to own bitcoin because to properly hold your assets they must be a place of comfort and stability in what you are doing. It's been discussed several time here that comfort is one basic things we need to consider in order not to sell our assets, cause it would be unwise to later sell those assets because an emergency came up or you enter a state of panic because of lack of funds. I'll rather advice if the money he want to invest is huge, he can split it into two parts, like let's say he has a total of 5000$ worth of cash that he wants to invest, its preferable he splits the money into two parts and invests 2500$ with DCA while he divides the rest as emergency funds and to build up his reserves. This would  enable him have space to plan things out as he acquires more knowledge on bitcoin investment and also know how to set up more of his income into DCA. And if he does this rightly he is already at an advantage of having huge capital that can cover up for emergency funds and good reservations while he invests with comfort.