Post
Topic
Board Speculation
Merits 3 from 1 user
Re: Buy the DIP, and HODL!
by
Promocodeudo
on 15/05/2024, 23:04:42 UTC
⭐ Merited by Tungbulu (3)

Most people in Africa are struggling to own bitcoin, taking risks just to own bitcoin, because if you check the living conditions of masses, you will see the main reason why there is many adoption of bitcoin especially by their young citizens is because bitcoin is hope. Bitcoin has become the shinning light they can look up to for a brighter future and better everything around them, and improve their living conditions. People living below $50 monthly salary are still buying bitcoin and hodling for dear life.
Isn't it better for people like that who have a salary below $50 to collect money first before buying BTC. Or at least it is better to invest in trading with a short term. And if there is more profit from trading can be saved to meet the target, if you feel the target has been reached you will be ready to start long-term investment by buying BTC with the DCA method. Because if you push too hard it will be very risky, better slowly but surely,



I think you are getting it all wrong,whether someone have a salary below $50 or higher than the said amount what really matter is how ready such person is to invest, trading is risky for a new investor that does not understand trading, what if in the course of trading he loses the fund for the investment, how will he go about it, that's to say he has to replan to start aftesh, although I don't support anyone trying to own btc at all cost, thats to say that such person can do anything to own btc, but I believe in little begining, most importantly a potential investor earnings should be divided, all his earnings should not go for investment alone, since the decision to invest has been made already i don't think there is any need of wasting further time to invest, long-term is a decision and it's not for everyone, it is only for those who are ready to partake in what awaits long-term hodlers.