Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Felicity_Tide
on 28/05/2024, 18:57:40 UTC
See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.
We need to realize that we don't need to be aggressive from the beginning if we can't bear it until the end because after all, with the current economic conditions that are increasingly difficult for the majority of us whose economic strata are below average, it will indeed be very difficult if we are too forceful.
You have an income of $200 for a month and spend at least $10 meaning in this case 5% if you can afford it like that why not because if you force it to 10% by putting in $20 during but we actually have to mess around with daily needs that we cannot bear it is a careless step in the end.

So in this case it is better for you to invest with all forms of your readiness and if indeed we can afford $10 but for the long term then why not because it is much better than nothing and of course this is much better than we force $20 but the investment we make does not last long because you cannot afford to spend the 10 percent to invest in the time period you have determined.

Very true. When we can easily identify our strength and weakness before even starting any investment at all, there should be a strong tendency of a long and successful investment. $10 looks fine since we know that we are only focused on a single investment plan, and not focused on any form of diversification. To me, Investment shouldn't be a forceful act, but rather something that comes from my own will. When I agree to make a $10 investment for long term, it should be willingly and not forcefully. But from every general perspective, I think it will be ideal to start with  what your strength can carry and ensure you maintain a consistent level.