Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
arjunmujay
on 13/03/2024, 20:05:17 UTC

Let's focus here first, I don't understand your explanation a little. Sorry for asking too many questions, because this is for my future self-improvement. and maybe others can also learn from my experience and be better at investing in bitcoin.

[edited out]
Another thing when you invest into something like bitcoin, you need to put yourself into a position in which you will not be panicking.. so you can establish both a practice of buying BTC very regularly (something like once a week), and you can also make sure that you have an emergency fund and a reserve fund to serve unevenness in your cashflow, but also to give you abilities to buy more BTC when the price dips.. and if you have been practicing not so great cashflow management, it can take time to both learn about those kinds of skills, but to put them into practice.

We talk about a lot of the ideas in this thread, and I also talk about some of the ideas in my investment ideas threads, yet probably the main points is that you tailor some techniques to your own individual circumstances, and you put them into practice, you learn from your putting them into practice and then you tweak your plan from time to time in order to improve the ways that you are implementing your plan to your own financial and psychological circumstances.


I actually don't panic when buying bitcoin, especially with DCA because I think I don't know how the market is. but you also said there must be an emergency or reserve fund that can be used to buy bitcoin when the price drops.
This decrease, when it exceeds what percentage? because if FOMO can happen every time the market is red, it could mean that emergency funds will come out continuously to increase bitcoin holdings.