Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Marvelockg
on 11/02/2024, 12:30:58 UTC
I am not too interested in focusing on setting up reserve funds to wait for cheap price because I tend to accumulate Bitcoin every two week. So I think I will get a chance that might be more accurate to get a cheaper price
from what i have learnt while going through this thread, the concept of making provision for reserve fund isn't basically aimed at saving up special fund for the purchase of bitcoin during the DIP. It's more of saving out special fund that you can always run to in times of emergency so you don't tamper with your holding because of a minor financial challenge you might be going through.

For those that are serious with their bitcoin investment, measures like having a reserve fund is going to be an added advantage because  unplaneed event do come and if you don't have anywhere to run to for help to sort out your problem, then borrowing from your holding becomes the only option that you would probably consider.


 apersonson's personal policy is certainly different because everyone has a different income, so in this case a plan that might be our choice is the DCA strategy which we can arrange in stage to buy Bitcoin.
youre very correct about this, from what I even observe, the DCA methods is probably going to be more useful for the bigginers and those that are not financially strong. Their are people that are earning to well in their business that they can comfortably assign a particular portion of their weekly or monthly profit into investing in bitcoin such that whenever they balance their account for the week or month, all they need to do is to give out a portion of the profit into investing in bitcoin and they can even set a ten five year routine of accumulating Bitcoin with certain amount and will comfortably do it with ease because they have a reliable and sustainable source of income.