Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dailyscript
on 18/05/2024, 07:19:55 UTC

If you are poor and you feel that your monthly income is small for you to invest, just be serious and try to see how you can invest, you will see that if you are serious, you will begin to look into your income and expenses to see how you can squeeze out some extra funds from there, and that is when you will find out that you can have some extra funds in which you can use to invest, or because you are so serious to invest, you will cut down some expenses to have extra cash. Investing helps a poor or average man to have financial management compare to when he is not investing. This is why bitcoin is the best asset that a poor man can invest in as long as he has income, because he can buy bitcoin with little amount based on his own discretionary income.

It is only those that don't have a job or their income cannot take care of their monthly needs that cannot invest in bitcoin only if they look for additional income before they will. I pity for those rich people that don't want to invest in bitcoin because they will regret in the latter.
You have indeed say the right truth. People feel they are poor and they cannot afford to invest but when you look at their daily activities you found out they live lavish lives when they could limit those expenses and channel some money into investment. To be a successful investor one needs to avoid and abstain from certain things thus maintaining discipline. Apart from not having money left to invest there are serious negative effect of alcohol, smoking and other activities' on our investment. If we want to be a successful investor we have to responsible because we would take responsibility of the outcome of our investment. So if we made terrible mistakes along the line of course there will be consequences.

Let me quick refreshing our minds that as an investor these will be the problems we will be facing if we do not avoid some certain habits during our investment. We may thing we have control of out action but its just the intoxication clouding our mind and our judgement;

Hasteful and impaired decision making - Smoking and drinking can cloud our judgment and make us to make decisions impulsively that can affect our Bitcoin investment. It may occur in avoiding security measures or missing out on buying though our strategy, not paying attention to risk management while under the influence of it.

Low on finance - Going to cubs, drinks and drugs can be expensive, which may lead to us tapping into the funds we have kept for allocating into our Bitcoin investment. Many people could say we can use our emergency funds or savings to do them but it is wrong, all these activities are not emergencies.