Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
pusaka
on 12/03/2024, 16:35:32 UTC

But somehow you need to find ways to have income for your financial security and hodl plan will never be successful if you don't have other source since if the hard time came especially on financial aspect  and market dump at the moment for sure this could affect your investment and decision to hodl since you might decide to sell your holding because you don't have anything left in your hands or don't have any choice but to dump since you need money in that time.

That's why setting up an emergency funds is important and also having multiple income streams is needed to  consider so that we are not only good for saying or thinking about its good to hodl but also we can make all of our plan in to reality.
We all have to be able to prepare well when we want to start investing, we can't just rely on courage alone because in my opinion that is something that is not wise at all. Lita must first fulfill our main needs before starting to invest, we also have to prepare an emergency fund and we can prepare this as we go along with our investment.
If in the future we encounter something difficult that forces us to do everything we can, we can use the emergency money. Because just imagine if we didn't have emergency funds, we would be forced to sell our assets. We are very lucky if we are in a state of profit, but if we are in a state of loss, what we have sacrificed during that time is in vain, well, don't let us feel that way.