Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tamaperdana
on 06/05/2024, 02:35:02 UTC
Starting an investment based on other people's ideas is certainly not good. Because, this action is considered to have no basis in itself. However, what I can summarize from Brother As-Son-As' explanation, it seems like he is only expressing his opinion, that he will follow the advice or knowledge he gets from everyone discussing on this forum to start investing in bitcoin. I think As-Son-As' opinion is not completely wrong. However, his impression of not having a stance makes his opinion a little less pleasant to read. And I also agree with Dailyscript's opinion, that the knowledge or insights contained in this thread still need to be filtered. Because everyone who wants to start investing in Bitcoin must have different readiness. Both in terms of money and mental. However, if you look at the contents of this thread. Actually, many members discussed DCA. And I think this technique is very good to use in bitcoin investment. Because one of the advantages of DCA in my opinion is that it doesn't really differentiate between the money or capital that must be invested (in terms of amount). This means that no matter how much money you have (as long as the amount can be sent to an exchange), as long as the money is cold, the DCA technique can definitely be used on bitcoin.
You can consider other people's ideas in adjusting your investment plan. If you already have your own plan then it is better for you to apply it in your investment journey. No one forces us to implement other people ideas because we are investing with our own money and we will decide. However, in this case everything needs good adaptation which we may not yet understand, so input from other people's ideas can open our horizons in investing in bitcoin.

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Yes, other people's ideas are only limited to opening our insights and points of view. Because when we start an investment, of course we will definitely see examples from people or bitcoin investors who have been involved in it for a long time. Because from there we can see several aspects, or learn from the experiences of bitcoin investors. Like learning about

> Causes of losses when investing in Bitcoin.
> Good and correct actions when starting to invest.
> Investment objectives.
> And capital management techniques.

These four points would indeed be better if we learned from the direct experience of bitcoin investors themselves. Because direct experience in the field will definitely be better. Then if we understand this, we will definitely have a new perspective and broader insight. And from there ideas will start to grow from our minds.