Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Marvelockg
on 22/03/2024, 15:18:35 UTC
⭐ Merited by JayJuanGee (1)
Bitcoin investment is not buying of candy, and you are investing for the future, because the value of bitcoin tends to move in an upward trend more than downward. This is why you must venture into something realistic, and worth sacrificing more for. $10 for one month like you said is $120 in a year and in 10 years, it is $1200. Is this the best you can do. How would you transfer your coins from an exchange to your private wallet, is it after 5yrs or 10yrs because your transaction output matters a lot. So that you don't end up having small output, and later in future if tx fees are high, you end up using almost all your profit, if not all for transaction fee, when you are ready to sell your bitcoin in the long run. I believe that as time goes on, and bitcoin price keeps increasing, your $10 will be worthless. This is because the unit it will buy you would hardly have any increase to your portfolio.

Big up mate, if you don't have much on you or cannot afford to invest in bitcoin because of low income, you should try to look for a second means of income to increase your total income or cut down your expenses, so that you will use the excess that you will not be needing for long to invest in bitcoin regularly through DCA. In ten years time, when you look at your portfolio, you will be proud that you increase your income, and used to reasonable amount to DCA regularly. Don't forget that the size of your bitcoin portfolio determines your profit.
to be honest, some people need to fix their finance before even thinking about buying Bitcoin. how do you allocation just a $10 worth of investment in a whole month and you are hoping it will amount to anything big in the next ten years? I know everyone's income is not the same and while it might be easier for some to invest with something as high as $100 a week, others might not cope with that but we all know that our finance is one aspect of our lives that's very important and that we have to take it seriously and and not allow an average mentality tire us down to taking our investment casually.

The primary reason why we are making bitcoin investment is to ensure our future security is insured and that we don't necessarily have to work till we become extremely old and that's why it's necessary we don't just go about it casually as though we are playing. Their is a popular saying a professor told us while we matriculated into high school that always stocked with me whenever I'm doing a long term something. She said, throughout your stay in school, read as if your your success depends on you and you alone and pray as though you've not read at all and that your succes depends only on God. you should also use that statement as a sort of motivation to incourage you wile buying your Bitcoin. You you have to Buy as if your future depends entirely on the quantity of your bought Bitcoin and work as though you don't have an investment at all. if you're able to blend this mentality into your mind, you will definitely improve on how you take your financial life seriously and it will also go a long way to increase the weekly or monthly allocation you put into buying Bitcoin.