Post
Topic
Board Beginners & Help
Re: Just HODL
by
Mayor of ogba
on 26/04/2024, 08:45:28 UTC
The best bet now is to HODL even if you are investing in altcoin find some trusted ones and HODL while if you reduce risk entirely just stick with bitcoin.
Investing in altcoin is not the best thing to do; there is a 99% chance that you will lose your investment money in altcoin. To save yourself emotional damage, it is best to stick with a bitcoin investment with the money you can afford to lose. Before you invest in bitcoin, you have to understand that bitcoin is a long-term investment, and you need to keep emergency funds that will help you solve your unforeseen problems. After you have achieved that, you can now start to accumulate bitcoin with the DCA strategy, either weekly or monthly, depending on which is more convenient for you. The DCA strategy will allow you to accumulate bitcoin even when the price is increasing and decreasing, and you will not be concerned about buying the bitcoin dip.