Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Hewlet
on 09/05/2024, 11:23:39 UTC
What is the stress in buying bitcoin on a weekly or monthly basis utilizing DCA method? It's not like doing a hard job, for crying out loud I'm not even going to pick a pin. All I need is my device and a stable network and it won't take more than 5 minutes to set up my buy order if I am buying from a centralized exchange. Bro there is no pressure there, not that am doing it under duress or gun point, so there is nothing to worry about. So are you telling me that people who invest in bitcoin don't have other real life business that they are managing, if that's your thinking then you are wrong. I can invest in bitcoin with different strategies and still run my real life business without any complications. Many people are doing it. We are not sitting down and breastfeeding our bitcoin investment, so I don't see  what will cause me any unrest. I don't really understand what you mean by if I can't meet up the market. If my funds are available I will surely meet up, because bitcoin never sleeps.

Just that you misinterpreted my angle unrest is the financial stressed up where one will be struggling to meet up the funding as others responsibility will be calling to cut there share on the income you receive as many but where as the income is sufficient I think all you need is dedication, beside we have some individual difference's in regards to self discipline and fulfilling task what seem difficult to carryout by A may be very simple for B.
wether you choose to invest in Bitcoin or not, pressure and what you call unrest will certainly come. It's very much a part of life and you have to always have that at the back of your mind. What's expected of you is to make the right plan that will protect your investment in times of those unrest and that's why we always talk about keeping our emergency funds that will become of use at such instance.

As long as you're holding for the long term, there will come moments when you will fall sick, become a bit financially down, face a bill that's above your budget or face unplanned event that's going to outweigh your income and in those instances, your emergency funds should come through for you and after you've past those momentary set back and things goes back to normal, you can still to add up to your emergency fund such that it gets back to an amount that's comfortable for you. And regardless of the individuals ability or inability to coping with financial setbacks,  the general knowledge is that set backs is part of life that can't be avoided but planned for such that when they eventually come, it doesn't meet us unaware and end up distorting all our plan. If you are selling your holding because you are sick or you're facing a minor challenge, then you're definitely not ready for long term holding.