Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Zackz5000
on 23/05/2024, 02:46:10 UTC
⭐ Merited by JayJuanGee (1)
With that, we can successfully invest in Bitcoin without selling any part of it just because we want to solve some kind of emergency issues. On Bitcoin investment there are some challenges an investor faces. The things there are, when you are not properly prepared for the long term investment, you can't afford to continue investing because you are not yet ready, and what makes you ready for investment is how much you are paid as salary and how much you already kept for emergency cases. Even if you are already investing before knowing this, you might not end well because there are things you failed to do/understand, and those things are:

*Making sure you have a good amount separately for emergency cases

*Knowing the best method you can use for your investment plans.

*Having good knowledge about the kind of investment you are in so that you will be able to strategize the kind of methods you can use for the investment.

I believe with these 3 points one can successfully know what and what's needed before investing in Bitcoin.

That information is good, but you do not need to establish all of that prior to getting started in bitcoin.  You can simultaneously get started in bitcoin and get the stuff you listed into place.  So you are wrong in terms of suggesting needs to establish those things prior to starting your investment into bitcoin.
 

I agree with you sir, all those can get done in the process of bitcoin accumulation cause the most important thing here is to get started buying bitcoin than to wait any further or get prepared, the person can start with even more 10$ investment while he builds other aspect then when he feels comfortable with his emergency and reserves he can get more aggressive to buying bitcoin. And yeah moreover all a newbie needs to know to get started is how to buy and store his crypto, strategies can be used little to complex for him to understand and can end up confusing them especially if they have never done something relating to investment before.
Fuck the word Crypto
You should be specific if it is Bitcoin or altcoins (aka shitcoins) rather than generalizing it as crypto as it addresses all the entire crypto market, in order not to be confusing and misleading. Because when people hear the word Crypto expecially newbies or new investors they might believe that is a scam not knowing to them that there is a confirm, trusted and legit one which is Bitcoin, In order not to send a misleading information to them  that BTC will be thesame as shitcoins that always failed out with no value.
So differentiating them will really make sense for it will be understandable to them.