Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 24/05/2024, 20:40:56 UTC
⭐ Merited by JayJuanGee (1)
okay indirectly you are saying that maybe in this case the accumulation is too big but as long as we are able then why not because after all this is not about our own ability in the end right? say indeed it is 25 percent of total income if indeed they can cover it then I think it is not a problem because after all when we are in something (including in bitcoin) then indeed we must be able to consider for some period of time ahead and again in this case I prefer to divide it periodically so for 12 years it is too long for me so 5 years is enough and when you consider the performance of bitcoin during that period (I want to take 5 years) as the timeframe I'm using right now and with the economy getting tougher in the end it's also predictable and we're also not likely to just stay at $300 for personal income because when the economy goes up then in this case the salary in our job usually follows in order to be balanced and that's been happening in the last few years so in the end when we can afford to make 25 percent of the initial budget then it's not a problem as long as we're willing to accept the risk.
In addition, returning to the initial discussion about capital in the end this is also important because investment can also be a business and we must know how much we spend on accumulating bitcoins that we buy from the beginning to a certain extent consistently and how much profit we get after we invest in that period of time. It becomes an important part because after all we are in bitcoin is for profit and financial freedom so the profit factor even though it is only a figurative expression because the bitcoin remains the same only the value is different must still be considered.
25% is quite attractive to apply, but as I have followed in this thread, many people apply 10% to invest in bitcoin. Of course 25% will be quite large for you to allocate, but if you are able and it doesn't interfere with your living needs then do it according to your plan. Of course, your BTC holdings will increase even more if every month you are able to allocate 25% to buying Bitcoin.

Of course, the additional income you get from your monthly salary is certainly very good for investing in Bitcoin and I support the steps you take in your investment journey. So, if the duration of your investment is 5 years, of course that is also good, but it is still a good idea to buy it regularly every week.

So to help you, maybe I found one of the best articles on investing in bitcoin, although it is almost the same, of course this will increase your enthusiasm to continue holding bitcoin.
https://thecollegeinvestor.com/42217/how-to-invest-in-bitcoin/