Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Hanadawa
on 22/05/2024, 11:06:41 UTC
We don't need to get broke just to cope up with our investment and there's no need to rush on everything especially on our bitcoin investment since everything is in process that's why we should never invest all of our salary to our bitcoin investment since for sure we will really get a problem with that in long run since we might come up to an idea to get a loan since we can't take care of other thing that important to consider just to live a comfortable life.
Looking for a loan or spending your entire salary to invest in Bitcoin is something very wrong. It will lead you to financial failure and you can go bankrupt. Sometimes people are afraid of missing a bullish moment on Bitcoin. People think it's better to buy now before it's too late. In fact, if you check the history of Bitcoin and the graph, you can see that investing in Bitcoin is long term. People who buy Bitcoin at $40k at the end of 2023 feel Bitcoin is already expensive. And some people who bought bitcoin at $60k around March 2024 also think Bitcoin is already very high. A wise investor should avoid this. You can use the DCA method because Bitcoin prices still have the potential to increase.

Quote
To have a proper plan on this maybe we should have a pie chart where we can separate our earnings into other things that we are considering on where we spend our money since if we have proper discipline on money for sure we can make all of things work out and we will not get any financial trouble if we follow all the plans we set. For doing all those discipline for sure we will be responsible on everything especially on each decision making we do.
Keep making a good financial plan. Allocate all your money carefully. Create a priority scale for which ones should come first and which ones can be optional choices. Allocate exactly how much Bitcoin you can afford each month and commit to your allocation as best as possible.