Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tamaperdana
on 11/05/2024, 12:24:52 UTC
Aggressive approach may sometimes bad if you don't know what you are doing but there are times that its good to execute this especially if our knowledge is enough and you have confident that there's something good will happen on your bitcoin investment in long period of time.
Like I said agresive approach is not bad expecially if you are capable of it. And there is no special skill or knowledge required what really matters is where you get you source of income from. You may not be well knowledgeable about bitcoin but provided you have a higher paying job that can be able for you to increase your investment strategy, you are good to go.

Having good and reliable income sources does help a lot, yet we cannot presume that people have good and reliable income sources, and sometimes they have to spend a decent amount of their free time searching for back up income sources and sometimes even doing fairly bad paying work while they are trying to improve their situation, and maybe trying to improve the kinds of jobs that they are able to do when working for someone else or when establishing their own business (that sometimes will involve building your reputation and doing work that does not pay very well in order to potentially be able to get better jobs in the future).

If we talk about investing then yes of course as you said that having a good and reliable source of income is a good situation for an investor, because by having a qualified source of income then they will be able to balance all their money allocations evenly, such as to cover the cost of living and divide a portion for bitcoin accumulation every time they enter the allocation schedule in the DCA strategy they use. But yes basically it is quite easy to say but it is difficult to actually be in that situation especially for those investors who have a middle to lower financial situation that sometimes even to meet the cost of necessities is not enough. But I think it's a fact that all of that can be fixed if they're really serious about getting involved in the investment world, by any means improving their financial situation and maybe in a way like you said buddy by improving their source of income, whether it's finding a better job or adding a part-time job.

The dca has really made it more easier for a common man only if he understand how much of his discretional and disposable income after taken care of his personal needs and a provisional emergency funds before considering Bitcoin investment as he make purchases with as little as he can be doing comfortably either weekly or monthly, I would want to say that meeting up one personal needs can be of different standard, there are those who might have been spending on things that may not have been necessary than investment where they could have curtail expenses in way that it will not affect there living and as well invest in Bitcoin. It must not necessarily be improving their source of income, or finding a better job, or adding a part time job but also has a lot to do with proper planning and budgets, thou they are all good as it gives you an opportunity of being in a good position of maximizing opportunities of buying Bitcoin, however there are those who are very off about investment but only focus on satisfying their personal needs and spending on things that might not be necessary to the extend of buying liability instead of an asset all in the name of covering their cost of living.
> Aggressive approach.
> Source of income.
> Type of work.
> Planning.
> Suitable technique for making "DCA" investments.

Of course, all these factors need to be considered when starting to invest in Bitcoin. Because after all, all the factors above are very important foundations so that Bitcoin investment can run more smoothly and optimally. However, there are times when all of the factors above do not apply, in some people, or at certain times. For example, if we look at financial conditions, of course everyone in this world has different financial conditions, so of course an aggressive approach would not be recommended for people who have middle to lower financial conditions, because it would be too risky to do that.

Then regarding the source of income, this factor is very important for someone who wants to start investing in bitcoin. Because if you look at it from the positive side, having a source of income will definitely make it easier to manage money for your needs and also for investment assets such as bitcoin.
But in my opinion, only a handful of people can really allocate their money well and really meet all their needs, even though they have a source of income. So if that's the case, other factors are also hampered.

So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.