Re: Buy the DIP, and HODL!

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

There's no need to show us proof of your bitcoin investment when you start investing in bitcoin because it isn't advisable to show your bitcoin online so that you will not be attacked. If you invest with everyone's ideas, you will not hold your bitcoin for a long term because you will not have enough money left to take care of your unforeseen problems. As a newbie, I will advise you to invest in bitcoin with the DCA strategy so that you will be accumulating bitcoin and also take care of your emergencies as they arise. The DCA strategy will help to control the volatile part of bitcoin in your portfolio and also control your emotions in deciding when to buy bitcoin. With the DCA strategy, you can also buy bitcoin even if the price is increasing or decreasing.

To get something good we have to do the right thing at the right time. Every dip is a golden opportunity to buy bitcoins. “You can't afford to invest a lot of money at once?” No problem, you invest using the DCA method. Remember that, it is possible to earn big from Bitcoin, when our investment Portfolio is high, and this investment Portfolio, we should grow as much as possible with each dip of Bitcoin. The higher our investment Portfolio, the higher the earning potential.

I divide my fund into three parts, first part I will invest, second part I will save for later investment, and third part emergency fund. Emergency fund is what I keep in case I invest and I don't have to sell the investment if I face danger. Because I don't earn normally, I am currently studying, so what I have saved for investment is the money taken from my parents for tiffin and some special purpose. I keep funds strictly for my most urgent needs and to meet the basic needs of people.

The second part that you kept that you will use to invest later, what's the logic behind it? Since you are not doing monthly or weekly DCA purchase, why didn't you invest it with the first investment, because I the best time to invest was yesterday. If you are doing a DCA on weekly or monthly basis it would have been a different case. The one you kept to invest later, what if procastination sets it and your attention is diverted and the money is used for something else. Or are you waiting for more dip before you can use the second part to invest? Waiting is dangerous, invest when the money is available and don't wait for a later date. You already had your emergency funds secured and that's good enough, the one that's left for investment, should go into investment immediately without delay. If we wait for tomorrow we might regret, wishing we entered all in when we got our first buy.