Post
Topic
Board Speculation
Merits 6 from 4 users
Re: Buy the DIP, and HODL!
by
Fuso.hp
on 12/02/2024, 03:00:56 UTC
⭐ Merited by cryptoWODL (3) ,JayJuanGee (1) ,Negotiation (1) ,Zanab247 (1)
As we move into the future, the demand for Bitcoin is increasing along with the basic needs. I think if a person invests properly by following the DCA method, he can definitely prove himself as an ideal investor. It is better to invest from present time, like me (I have kept my investment alive for 14 months) I also want to make my investment for long term. I got to see my portfolio and it made me want to invest more. So 10% of my income I invest here for long term following DCA method. This is a proper journey that I learned from JJG text.
The information that JJG always provides about investing changes the way many people think about investing. There are many members who have been regularly active in this section and have changed their thinking about investing. I would never have realized that investing is so easy if I wasn't active in this section regularly. Sometimes small ideas can be the turning point in our life. Earlier I understood that investing means I have to accumulate a lot of money and I have to invest a lot of money but after learning about the DCA method of investing, investing now seems a lot easier for me. Earlier, when I tried to manage a large amount of money in the field of investment, the money was spent differently at different stages of management, as a result of which I could not invest at the right time even after trying.  But currently in DCA investment method we can invest money only when we have money so that there is no possibility of spending money. 

You hold your investment for long 14 months and gradually you increase your investment, also you hold your investment for longer period.  To make your investment more long term you can create emergency fund for investment. The advantage of creating an emergency fund is that your investment will never be irregular, that is, even if a financial crisis occurs, you can invest consistently from that emergency fund.

I have already held my investment for almost two years and I am satisfied at this stage of the market but I am not interested in selling the investment now. I have enough profit on my investment now but I will not sell my investment because I have a plan till certain time and I will definitely hold the investment till that time.

I have three emergency funds for investments and always try to invest consistently but if I ever have a financial crisis I use my emergency fund for investments. But if I spend money from the emergency fund, I try to replenish that fund very quickly later because it keeps me more focused on my investments.