Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Jerrycrypto2024
on 10/05/2024, 13:44:06 UTC
Invest on what you can afford to lose as always as yet this is the primary rule when it comes to investment which specifically means that its not ideal on spending up the funds which are intended to pay up your monthly bull. Investing is really that reflecting out on your financial capacity on whatever means you would really be getting it but if we do speak about that sole income source then having this kind of investment set-up would really be that a huge challenge. So in the end of the day it would really be just that depending on you on how you would really be handling up yourself when it comes to investment decision

Well investing with what you can afford to lose is nice, but still to me is going to reduce the rate of one accummulation of Bitcoin. For instance the money one may agree to risk may be as small as $10 weekly as DCAing,which may take some time to turn to something nice , expecially this time around Bitcoin price is high , so that amount won't be able to coverup some nice quantities in the individual accumulating phase.

So to me the right thing is that one can start his accummulation or investment of bitcoin with what he or she can afford to lose, as time goes on after understanding more and seeing the beauty of Bitcoin he or she can increase his rate of Accumulating without any fear of losing that much aslong he or she possess some good discretionary income. Because alot of investors have use such mindset to affect their investment negatively when it comes to accumulating. Tho one should accumulate in a way that he or she won't over doing it leading them in putting their hands in their emergency funds. But still one should try to be as aggressive he or she can .


There's should be a improvement and the accumulation rate should go higher and the timeline of accumulation should depends if you have reserve fund to spend since with this you may get more better result.
Ofocus yes there must be enough reserved fund to be able  to get a better result in terms of increasing your DCA strategy. I think what I_Anime said is true about increasing your DCA accumulation as time goes on. Sometimes issues like this need to be raised for people to get a point that DCA strategy is not just being accustomed to $10 weekly, when JJG emphasis on $10 weekly he assumes it as minimum which may as well increase in due time after people may have increased there reserved fund. If people are sticked to that minimum $10 weekly they may never yeald a good accumulation power and year ofcus btc price is increasing steadily and a time will come where the minimum DCA amount will not be even enough to buy a goods numbers of SATs considering the current or future price of Bitcoin. so there is need to increase our accumulation process to boost our portfolio. surely overdoing it is not when you have enough to invest in bitcoin and having enough for reserved and floats without investing, overdoing is when you don have enough and you try to invest what you can't afford, or Investing agresive with all you have and may come back to sell your HODLing. So investing agresively is good when you are capable of doing it.
I think having enough reserve funds should not be the reason why we should increase our DCA accumulation plan. Reserve funds should be used for unexpected problems and sometimes to buy bitcoin dips that you will not like to miss. We can increase our DCA accumulation plan if, along the accumulation process, things get better for us, like having a good income source that allows us to increase our DCA accumulation plan and be able to maintain emergency funds, reserve funds, float, and also solve our living expenses.

If there's unexpected problems will came then the emergency funds will do its job to help you recover on your financial difficulties that's why you have that so you can use it for any emergency situation. Reserve funds is the extra money you have on hand which you are ready to dispose on anything you want especially to increase the size of your investment. We can really increase our accumulation for that especially if we got a  extra funds came from one of our participated side jobs. That's why a proper budgeting is really important since if you don't have proper management on your finances then expect you will experience some mess on budgeting since for sure you can't track on where you spend your money.

I may disagree with you when you say proper budget because it's in turn saying most things is as result of poor budgeting, look budget is a thing of plus and minus no body even organization can't get it right is moreless speculation, there some unforseen circumstances that even in your budget can't capture know body can tell the magnitude because it's unforseen, even when emergency fund is there can't tackle the problem.

In the case if increasing one investment when there is enough reserve fund for me I would have welcome such idea because sometimes our expectations differs at one may start an investment when there is no much source of income and reserve fund and why on the investment begin to have some other means if income increasing the investment is very necessary in as much he never over invest where it become a Borden when emergency arrived, instead of keep so much reserve fund without yield income though it's risky but everything remain risk because keeping so much reserve fund uninvested is waste when there is no emergency to spend it investing it is also a risk because when emergency arrived beyond what you can handle with emergency fund it required to withdraw one only need to choose one because it's a 50-50situation.