Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Sim_card
on 20/02/2024, 08:01:06 UTC
⭐ Merited by JayJuanGee (1)
Like what other investments? what investment is better than bitcoin?

No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin

Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need

You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin.

Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe
From the way you sound, it like you are a rich guy, but if you are not, then you don't want to be realistic with yourself. Apart from cash and bitcoin, that one can have possession to even the poor. Gold and land properties are expensive to get as a poor or average person, which makes it like a dream that may/may not come true. Bitcoin has given the privilege to everyone to invest in irrespective of status whether rich or poor. It is easy to start investing in bitcoin, as long as you have a means of income. Keeping aside your emergency funds, monthly expenses and reserve funds is all you need, and from there any left over can be put into bitcoin investment regularly through DCA. Before you know it your bitcoin stash will keep increasing as long as you hodli for a very long term. You should also understand that bitcoin gives the highest profit than any other investment that you can think of. When you have reach your bitcoin target, or close to your bitcoin target, when you feel that you have enough bitcoin in your possession, you can diversify into land, or gold. It will be a distraction for you to think that you can start up two investments at the same time. You must first achieve one before the other, and that is why bitcoin invest is the easiest to get started when you are prepared for it, you should also note that investment is made for a long period of time for great results. All that you mentioned is what everyone will desire to have as their investment but we might not be able to have them all, but with investing on bitcoin first might gives a higher advantage of you investing in all of them.