Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Winterfrost
on 19/03/2024, 06:06:01 UTC
⭐ Merited by JayJuanGee (1)
Many times some of the newbie's investor mistake Bitcoin investment to be like some form of scheme that offers big short terms profits regardless of how much the Bitcoin holding is, I guess a big bag holder can easily get a quick return but not someone that is setting aside just 10% to 20% of his monthly income into Bitcoin.
as much as we know that the quantity of our starched bitcoin determines how profitable our investment is, the decision to allocate up to 20% of our earnings or above is totally dependent on individual bases. There are people that are very stable financially and probably have double streams of income, they can decide to invest as high as 40% to 50% of thier monthly profit and if they can still do well in their business and personal life after allocating such portion of thier profit into Bitcoin investments, then making such decision will be to thier advantage. But for the context of this thread that brings together new investors that are still skeptical about a lot of things and might probably want to start off their DCA methord with an amount that's convenient for them, 10% isn't a bad start. old investors that can go as high as 40% because of thier level of belief and financial strength are still right on track. it's necessary we always create a balance between individuals level of knowledge and level of financial strength so everyone will stick with what applies well for them and not end up gambling with his investment.

The thing is to be flexible enough to know when you've grown past certain level and that's when the need to increase your quantity of starched Bitcoin becomes a necessity. For those that are already in the Bitcoin ecosystem for a while, no one needs to educate them regarding the relationship between the quantity of there starch Bitcoin and the amount of profit they intend to get out of their investment so putting in additional effort to increase the percentage allocation to our DCA routine is actually the right way to go.