Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
avp2306
on 24/05/2024, 13:08:47 UTC
Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin.

I don't also get the point on why they should rush to invest on bitcoin since they might fall taking bad decision if they didn't planned well their accumulation and think about that they might come up late. As an investor you really need to consider first what is your potential plan to do and there's should be good budget plan so to avoid any bad complication on each investment choices they make.

But on investment or accumulation discussion well I think there's nothing wrong to buy at what price or situation,condition or maybe even anything that you consider since the main point is to accumulate. At some point there's no need to worry about the prices since the main goal here is to increase your investment volume since you are preparing for something big in future.

Taking consideration on the price when its peak is somehow not really a big thing if you are a holder since you will not sell for short term, so if there's a correction happens then we could just continue our accumulation then proceed to something that's more beneficial to us.