Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 30/04/2024, 18:24:14 UTC
⭐ Merited by tiCeR (1)
Diversifying is a good idea, but measures need to be taken before venturing into any investment or business. That can be met if after taking partial profit from your bitcoin holdings, ensuring not to offset your Bitcoin accumulation process and account, you use the profits to invest into a prospective business you have knowledge of this will help to balance your goals too. Though there is no guarantee that such business will yield more in the early phase but overtime it will be worth it. This is the best approach for me on how to use some of our profits made.

Also ensuring a reinvestment into your Bitcoin holdings.
someone is 20 years late if he only has 1 source of income now, there are many ways to make money now as long as you are willing to work hard for it, i myself have an investment in bitcoin which i have been doing for the last few years, although not consistently but every several months i continued to buy and sell the bitcoin that i had, as a result my portfolio rose 30% (plus my payment in the signature campaign) since i first decided to invest in bitcoin.

apart from investing in Bitcoin, i also diversify my investment in several assets, such as gold and property, but i plan to sell several percent of my gold investment to buy Bitcoin.  Actually, diversifying investment is quite challenging, especially when the assets we own move quite wildly.  Don't put all your money in 1 basket, this is what i remember.

There is no reason to diversify for the mere sake of diversifying.  Surely if you have accumulated a year or more of income/expenses worth of investments, it might start to make sense to diversify.. but the mere proposal to diversify, just because it sounds good does not make a whole hell of a lot of sense, especially for someone who might be in his earliest stages of building an investment portfolio.