Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Olatundespo
on 18/02/2024, 07:21:19 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).

If a person has small amount of funds to invest then I will suggest him to invest in bitcoin as we all know bitcoin is very safe to invest. Since small funds it will be safe to invest in bitcoin instead of investing elsewhere. First invest elsewhere.  If he faces loss then he will fall in the first position. So if he wants to earn profit from small funds, he has to choose Bitcoin and invest then he can make more funds from small funds.
Recommendations about investing of bitcoin is absolutely right.In my experience I have been invited in locally share market in my country but a huge loose in my portfolio.If I know before about bitcoin investment could not investment elsewhere.