Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Winterfrost
on 13/03/2024, 06:22:10 UTC
⭐ Merited by JayJuanGee (1) ,fillippone (1)
There are people who do not have a stable monthly income like normal salaried workers, but they may have a source of income based on projects, seasons or business, so the accumulation can be different a little bit. Maybe they won't buy every day or every week, but will buy when they receive money and buy according to the percentage of income they have. Regardless of whether that source of income is stable or unstable, more or less, it does not affect your purchase of Bitcoin, unless you do not earn income. Not being able to buy every day or every week for people who do not have a stable income can cause them a bit of difficulty as cumulative buying habits are more difficult to establish than for people with a stable income. Too much buying distance can reduce their discipline in buying.

Regarding not stable monthly or weekly income is not problem with how much dollar accumulate for investing in bitcoin possibility invest weekly or monthly. I think very important about decision want to accumulate keep investing in bitcoin indeed not get stable with salary income, since close ahead of Eid al-Fitr I have smart with spending my income and little reduce for investing in bitcoin but promising for my self one month later will accumulate more fund for investing in bitcoin.
Effective way to invest in Bitcoin requires that you set aside emergency funds for any emergency spending you might encounter. If you have such arrangement in place, this Eid Al-Fitr will not make you reduce your investment or adjust your investment schedule because the emergency funds would have taken care of that. Going forward, I strongly recommend you setting up emergency funds because it will help you with events like the one that is happening now.
you're right. Events like Eid-fitri is a yearly occurrence that can easily be planned for such that it wouldn't affect our Bitcoin accumulation schedule. Eid-fitri is even not an emergency situation which if it is, our emergency fund would have still sorted it out for us. It's something you've probably done over and over again in the past and can always find a way to save up a special amount for.

One of the most important thing that saving and investing teaches us is how to effectively plan ahead of time and meticulously set out a portion of our earning into meeting our future demands. Reducing your accumulation pace for a while so as to solve some pressing issues isn't totally out of place as long as you will continue accumulating after sorting yourself out but it only gets bad when you allow celebration and ceremonies to eat up all your investments plan and put you in a situation where you might possibly become tempted to sell off your holdings for the momentory celebration.