Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
rachael9385
on 28/05/2024, 19:50:27 UTC
On the other hand, not all rich folks have good habits, so it could well be the case that poor people are able to catch up and even pass up some richer folks.. but sure, the poor folks still have to figure out ways to have disposable income, so it could well be really difficult for a poor man who is ONLY able to figure out ways to invest $10 per week into bitcoin to catch up to someone who ONLY sporadically invests $100 or $1k into bitcoin - but still the guy investing $10 per week is still doing better than the similarly situated guy who is not investing at all... .. and so yeah, we might choose ways to compare our own bitcoin investment performance to others or to compare our performance to other variations of ourselves, and there are likely going to be ways that the organized, persistent and consistent BTC investor is going to catch up, surpass and out perform other possible alternative scenarios.
Of course, it is impossible for a poor folk who is accumulating bitcoin with the same way a rick folk is accumulating because the amount that they will use to DCA weekly will have a big difference, and that is why the rich serious bitcoin investor will always do better than the poor investor. However, there is a way a poor bitcoin investor will be able to surpass a rich bitcoin investor smwho is not serious with accumulating bitcoin and he is buying whenever he likes be cause he feels that he has enough cash or cash related property or another assest which makes him feel that it is not necessary for him to invest in bitcoin regularly, consistently and persistently.

With time I believe that the poor investor might get closer to the rich folk in terms of how much is their total value or he will be on the same level of value with the rich folk. This is because bitcoin price increases overtime and it will generate more profit based on the size of your portfolio better than what the rich guy is depending on which is making him to accumulate bitcoin in a whimpy way. Bitcoin have given the poor an opportunity to become rich in future if only they can invest and build their portfolio to a certain level based on their discretionary income overtime.

Poor investors can't compete with the rich when it comes to investments. The reasons why those that have a lot of money are called rich is because of how they spend and how much in their bank account and both the assets they have. Rich folks spend more on investment, and they don't care whether their investment is risky or not, they only do it because it's risky, and they also have a passion for making more money. The kind of amount they put into investment is way too much. A rich folk could one day buy $100k BTC even if he doesn't know what Bitcoin is about. And one thing I like about rich folks is that they don't care to know what they are dealing with before they put money in believing that along the line they will know the whole things about the investment, and it will also motivate them to invest more.

The poor would like to make sure they know what they are doing before they put money on it because they believe that they know how hard they manage to get the money, so they won't want to risk it just like that without gathering knowledge or doing their own research.

Now let's keep the poor behind. The kind of advantage most rich people have is that even if the average person started investing in Bitcoin for 4 years with $100 per month (that's $4800 total), if the rich starts his/her investment in a week, he/she will invest more than what the average salary earner in just a day.

But IMO, I can say that rich investors are always busy with something else, so once they have a lot of bitcoin in their wallet, they might forget about accounting to get more Bitcoin. And if an average salary earner is investing in DCA, he/she will not be content with the kind of BTC he/she has because the figures might be too small for him/her. And if the rich investor is no longer accumulating but only holding for long because he has a lot (like 10 BTC), then the average investor might try and accumulate up to 1 BTC before he/she might relax a bit.