Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ginsan
on 06/04/2024, 23:10:04 UTC
That's what I always tell newbies, rather than thinking about investing in Bitcoin with big money, is it not much better to start up a DCA method of investment than waiting until one has big money or trying to invest in shitcoin because they believe that, with small money, it will give them profits than Bitcoin if the market soars. However, many people have had this kind of mentality for long and it makes me feel bad about it, in the sense that, you leave the king of crypto to invest in shitcoin that can't stay up to a decade and it becomes a forgotten coin that once existed in the cryptosphere.
We don't have to advise them to use DCA or other strategies but what we should suggest is if they can hold Bitcoin for a long period of time. It's up to them whether they want to start buying all at once or use DCA, but the important thing is that they can refrain from selling because holding Bitcoin for a long time certainly requires patience and also requires a strong mentality.

People generally have their own perceptions of investing in bitcoin, some start with a larger level in the early stages, some start with a lower level. Of course everyone wants to invest in Bitcoin because they target profits in their investment and that is quite natural, but can they Hold and that is the key to success for them.