Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 22/02/2024, 14:20:29 UTC
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.

From what I gave understand about hodling, I don't think that it is as hard as the illustration on this diagram. I will say that number 1 simply implies to hodli, while number two simply implies to those who think that they can use trading to doubling their bitcoin. The reason why I said hodling is not that difficult as the diagram made it to look like is because anyone who already have an income and is used to saving a certain percentage in the bank for long term base on intend using it for a project, or for financial security will be able to invest in bitcoin with ease with that money that he is saving. He will just continue using the money to buy bitcoin in the long run consistently. Because for you to be able to save for a long term got a project. That was what I use to do then that I have not known about bitcoin, I do save 10% of my income in the bank, but since I knew about bitcoin, I buy bitcoin with my savings using DCA, and I find it easy.
I agree with you that holding bitcoin is not as hard as what that image shows. Someone will only find it hard to hold bitcoin for the long term when he or she doesn't make the right preparations, such as having a source of income, an emergency fund to use and solve unforeseen financial problems, and a reserve fund to use and take care of your financial problems in case you lose your job. But anyone who has kept all these will find it easy to accumulate bitcoin with the DCA strategy anytime his weekly or monthly salary arrives.