Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
I_Anime
on 19/02/2024, 22:39:43 UTC
⭐ Merited by JayJuanGee (1)
you cant have bitcoin as an alternative and try going for any other form of assets for an investment,

Are you serious about this? yes, I like bitcoin but in my risk management calculations, bitcoin has high risk and the price is too volatile, it will bring big risk when I need funds suddenly, I don't want to sell my bitcoin when the price is low because of sudden need so having other investments that are stable is certainly important

Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
Yes, despite the strong feeling towards Bitcoin it is very unsafe to solely become much dependent on the profit to be gotten from our Bitcoin investment. Aside Bitcoin there are other physical investment that could be worth our money especially when a person has enough resources to meet up his Bitcoin investment and the alternate investment.
Bitcoin would give profit same with the other but in the case of Bitcoin likely as you said, may not be able to get the opportunity of collecting back your profit at the right time at which it is needed due to the market experiencing a dip.
literally there's no investment without any certain risk attached to it. Talking about risk in Bitcoin, yes!! Bitcoin have some that's still attached to it because of it's volatility. But still the fact still remain bitcoin one of the best investment, most time the reason why some people are still saying  that the risk in bitcoin too much is because they don't have the mindset of long investment (also don't understand the concept of investing in BTC). Because doing long-term investment is constant that doing the holding the price would surely move up and down. But still before bitcoin hit it's current it's experience alot of dip and increase first. But investors that hold doing those time till now would they be in profit No!. They would be in massive profits. Neutralising the risks with good strategy and healthy holding.
While its come to thinking of investing in other project, because we all know they are different types of investment. Which may help in also getting good asset, but am not normally freak by such investment. Because I have a certain goal to hit In my bitcoin with the use of DCAing and other suitable strategies, so am focusing more of my percentage in accummulating BTC and other for emergency funds. So if you're someone that also interested in investing in the Other investment outside or inside this space and you accumulating BTC try and focus more percentage in the accumulation of  bitcoin.