Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
arjunmujay
on 16/03/2024, 02:52:59 UTC
Investment requires  determination  and dedication because to have efficient investment you must sacrifice many things and deprive yourself from some luxury lifestyles which many people cannot persever. The major problem some people are having in Bitcoin investment is not just capital but the adequate knowledge of the process and how the system work.
Bitcoin is a digital currency which most of the investors does not have control over the system, so most people that doesn't have the adequate knowledge of it and the orientation are still afraid to make a huge investment in Bitcoin believing it to be a Ponzi scheme that has the tendency of crashing any day  thereby making people to loose their hard earn money.
Therefore, we as those who have knowledge about Bitcoin and how it works can provide understanding for them. at least how to invest in bitcoin. for the initial stage, for example how to buy and store bitcoin on an exchange. then if they follow and want to make longer and bigger investments, then we will guide them to have their own wallet and start storing it there. because exchanges are actually only for buying and selling, not for long-term asset storage.

Everyone has to figure these kinds of matters out for themselves, which is part of the reason that we are still early because a lot of folks are going to end up coming into bitcoin way later than they should have come in.. . and so yeah, one of the better things to do is just to get started with some small investment amount and to figure it out as they go.. otherwise, these kinds of newbies are going to continue to feel that they are late and they will still end up having to get started at a BTC price that is likely to be much higher than it is right now since the BTC price is likely to just keep going up, so these guys who are waiting and/or trying to overthink the matter (or refusing to take action and/or to get involved) are going to end up being worse off by their continuing to wait and continuing to conclude that they don't know enough about bitcoin.
This is because the level of literacy and trust of ordinary people in Bitcoin is still low. and when they find out about Bitcoin, they think that it is very expensive to buy Bitcoin at that price. Moreover, they really don't understand the concept of DCA.
if some of them are people who have played in the stock market, maybe it would be nice to just divert a little of the assets they hold into BTC.