Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ginsan
on 17/02/2024, 21:02:36 UTC
It's not really a smart move if you're short on cash and can't afford to take the risk then putting your funds into a high speculative asset is downright risky. Your investment will not always be ideal because if you want to venture into a bullish market, you need to take risks and prepare for it by buying altcoins. A top altcoins will not suddenly sink full but your patience will lead you to the right destination. We invest in crypto only because of profit so having knowledge to pick best time and token is more important.
you actually advising someone with low funds to gamble with the only funds he or she had in investing in a certain shit coin. And don't forget if you have low funds and wanna invest you can try using DCA method to buy little quantities of bitcoin (not necessary you have to start investment with one bitcoin) than to invest in coin with higher risks. Is better invest in bitcoin (which is more safer) with an ensuring profit expecially when it's an long-term investment. As you keep on accumulating with DCA strategies with time you would see your portfolio getting mature and you would also see good evidence that your hard work is paying off. And you can use the remaining percentage of money in covering some expenses (known as emergency funds).
Of course we have to be smart and not believe too much in some stupid arguments that give advice on buying shitcoins. We only invest in Bitcoin because it has been proven to be able to provide better resilience than shitcoins which can go to zero. Yes, you are right, ignore those who give unclear advice because currently there are lots of misguided people who come up with various ways to confuse our minds.

Investing in Bitcoin, especially with the DCA strategy, is the best way to apply it. as we can see Bitcoin is now trading at $51k and if we buy at 15k of course the profit will come to us. But I hope everyone here remains focused on continuing to hold because Bitcoin will be a very valuable asset that we can pass on to our children us in the future.