Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Miles2006
on 21/02/2024, 14:35:49 UTC
⭐ Merited by fillippone (1)
Don't expect holding without challenges

https://twitter.com/rovercrc/status/1759255957006139651?t=0NPU8k18o81QEJ1MCkWLLQ&s=19


Maybe many will have to understand this that when we are talking about holding, it's not just what you can get into and invest to hold, you have the task ahead to do, starting from the way you will conduct your own research, understand the reason why you should hold, the duration for your holding and how you could make the best of interest while still holding before a particular period of time, from my previous post, I made mention of not afford investing on other assets first before Bitcoin, which means, if you're a potential investors and is having a lot of considerations for an investment, Bitcoin is the best and 3asy way to start up with.

This illustration is understandable and looking at the illustration it shows holding is not as easy as most people think, I came across a comment in bitcoin discussion and a higher rank member stated during his early stage he sold his bitcoin due to fear and others factors, fear of missing out can also ruin an investor journey or excitement to sell sometimes can also lead to bad investment journey.
If an individual is ready to invest he/she must first understand how this investment works, for example bitcoin investment has basic strategy and step to follow when investing and the common one is called the DCA strategy, a lot of people prefer using this method rather than buying in bulk at ones and it's mostly advisable for newbies who are new to the investment. Secondly having a target for long term holding is another important move, like set yourself ready to hold for long regardless the price, after this step you can look forward to learning about bitcoin and increasing the amount  graudually to build your investment. Lastly always secure your investment, I think this has to be the basic problem people face with holding bitcoin with lack of security.