Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ShowOff
on 09/05/2024, 19:50:26 UTC
Forcing yourself to consider other people's ideas in your investment journey can basically destroy the investment plans you have built for a long time. If you have a good planning framework supported by useful strategies, then go ahead and improve. I think this method is more challenging than hoping that other people's ideas will provide commensurate benefits for you, but as a decision maker you have the right to use whatever method you believe will produce return.
Previously, I said that the investments we make are purely from our self-awareness without any coercion from any party. I have known about bitcoin for a long time but only one year ago I really invested properly because I had the confidence to hold bitcoin longer or for the next 5 years.

I have overcome various obstacles and mental burdens in investing one year ago and now it has been almost 1.5 years for the bitcoin accumulation that I have done. So, if we can budget $30 for the investment we make, then just focus on buying regularly every week.
But if your income increases in the coming years then there is an option to increase the budget flow to a larger one.

I don't have a crystal ball to predict whether what you say is right or wrong, especially regarding changes in your mindset about investing in bitcoin over the last 1.5 years. If that is true, then I will just say that it is a good decision because you already realize that bitcoin is the best investment asset that should be on the list of assets in your long-term portfolio.

$30 in a week will become $120 in a month, which is great to stick to as a budget for an accumulation strategy. I can imagine you actually do it every week especially if all the bitcoin you earn from your signature campaign is currently sitting untouched long term. $65 per week would be $260 per month, which is a good budget amount to invest even though price volatility can make the value of your investment assets rise and fall. But of course, that's only if you have other sources of income outside of your signature campaign income.

If you maintain the above scenario in a year, then you will have $3120 in bitcoin. In fact, this method can make you get a return on your holding journey, this is because the price of bitcoin is very likely to continue to increase over time, especially after we passed the halving event last April.