Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 11/05/2024, 22:53:23 UTC
I guess I am trying to say get started and learn along the way, and maybe after accumulating BTC for a year or two, there might be some justification to start to adjust the strategy based on how much BTC you have been able to accumulate and based on your other financial matters, and so in some sense, it can be difficult to come straight into an investment (something like BTC) and not take a bit of time to establish a position, and since Wind_FURY was referring to poor people, so for poor people in particular there might not even need to be too many adjustments along the way, just keep buying as aggressively as you are able to without overdoing it... but the thing, even for poor people, there might be some recognition that after a year or two of accumulating BTC, the BTC stash might be starting to get relatively large as compared to other investments (or savings) that might have had previously been done.. .. yet also it could be that the amount put in is still less than the value of the stash, so there could be some variations in regards to how to consider and look at the stash depending on how much had been put in and the extent to which the stash may or may not be in profits... although some folks might get distracted by merely being in profits, so some learning might need to happen in regards to how large of a stash might be considered to be a large enough size in order to start to consider some possibilities of changing strategies that go beyond just continued, ongoing persistent and consistent buying of BTC (perhaps weekly).
IMO, if  an investor  choses a buying  strategy  for his stash and cannot or couldn't  eventually  meet up with the buying due to his financial status then a little gap could be added  in the time-interval he uses for buying  for example
If it was initially a week it could be set to two weeks , if two weeks  a month could be chosen.
I will suggest a max- of one month interval
While this is done learning could also be taken along with it

That is not even the same topic, since one question is getting started right away in terms of investing into bitcoin, and then another part would be whether adjustments might be chosen to be taken in regards to buying bitcoin somewhere down the line based on the size of the BTC stash that had been accumulated over the passage of time.

Now, you seem to be changing to some other topic that relates to adjustments to the purchasing times of bitcoin being made based on cashflows and budgeting kinds of considerations like that, which seems to be a different topic from what I had been attempting to describe in terms of getting in, getting started and then reassessing down the road.

Maybe along that same line of the initial considerations, there can be a status of poorness in which someone might be having difficulties figuring out how much discretionary income that he has in order to invest into bitcoin in the first place, so he might want to make sure that he gets through the whole month before buying bitcoin with whatever is extra at the end of the period (so then his new paycheck comes in and he buys bitcoin with whatever was left from the earlier check), but at the same time, if the guy is getting into bitcoin, then it might be more likely that he would also need to figure out his cashflows and his expenses, so even if he might have more difficulties in regards to figuring out his discretionary income levels in the first month or two, he might be able to put systems into place in which he is able to buy every week, even if he gets paid monthly, but he might have to makes sure that he builds up enough of a reserve (and emergency fund) while he is potentially becoming more regular with his BTC buys the might end up being every week.. but yeah, if he is not sure about his cashflows, the solution might be to spread out his buys over longer periods.. yet I tend to be a pretty BIG fan of attempting to get yourself into a situation where you are able to buy bitcoin every week, but yeah, you cannot employ those kinds of practices if you are not even sure if whatever money you have is going to get you through the month (or until your next paycheck)..