Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Lidger
on 31/03/2024, 13:27:49 UTC
We invest in Bitcoin and many use a variety of strategies. My strategy is that I split the hold into two sections. And the first hold is until the 2028-2032 halving (more likely longer if needed), and my second hold is for every halving bull run. I am thinking of keeping the hold which I have followed the DCA method till the year (2028-2032) of course. This is how I plan my investment strategy according to the road map.
You have created a beautiful road map for investment and also you will maintain your investment consistency with DCA investment method, if you can invest according to your roadmap plan and maintain the investment, this investment will definitely give you good returns. Now the problem is that we can't do it as easily as we plan something or think about something as easily.

As the engineers planned they would build a bridge over a raging river and they planned accordingly. It may take them a day or two to plan, and it may take them a few more days to design according to that plan. Plans and designs may be quick, but as engineers begin to work on those designs, they will encounter challenges from time to time, and those challenges will often require them to change their plans.

Here I have drawn the example of the engineer and the bridge so that you can easily understand that it is as easy to design a bridge as it is to work according to the design.  

If you invest in the plan till 2032, you must take the challenge step by step and maintain your investment by accepting your challenge at each stage of investment. If you are firm in your decision and aim to hold on to your first tranche till age 32 then you can do it but whenever your aim changes you will find it difficult to hold on to the investment. It is now 2024 and your plan is till 2032 you will hold your investment for almost 8 long years. I am going to give you some tips to keep your investment which can be very helpful in keeping your investment.  

Since you will be investing under DCA method for a long period of 8 years, your financial situation may change during these eight years, so you should try to build an emergency fund along with the investments. If you already have an emergency fund, create two more emergency funds so that you can use your emergency fund and maintain your investments if you ever have financial problems. Maybe building an emergency fund will reduce your investment amount from time to time but your investment will be consistent and you will be able to reach your goals.
I like your advice about building an emergency fund and maintaining investment continuity. Before reading your post I didn't know that investing can be done by creating an emergency fund. Every investor may have some amount of money left at the end of every month or week even after investing consistently, we use that amount to do something else but not spend that amount unnecessarily if we set aside extra funds for that but never our investment will be irregular. This idea of yours to invest consistently will surely be useful for every investor. If ever I earn more money in a month then I must keep the remaining money for emergency fund.