Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Reincarnated Sat
on 05/07/2024, 10:41:30 UTC
⭐ Merited by fillippone (1)
That's why young people who are still single should set their priorities right before getting married. They should attain certain level of financial stability before getting married. If you allow yourself to be forced into marriage without adequate planning, you might be forced to sell off your bitcoin holding which you bought as a young and single person.

Yes, if a person plans to hold bitcoins or starting DCA during the time he is single, he can definitely benefit in the long run. Every person should make a prior plan to manage their life, especially from the financial point of view. One can accumulate as much bitcoins while being single but that may be difficult when one is married. Moreover, those who want to be economically successful should focus on their financial side according to prior planning. I think singles or those who focus on bitcoin savings before marriage can be financially independent in the long run. Although Bitcoin does not guarantee profits but in the long run Bitcoin holders never lose.

Bitcoins can be used by people in any number of ways, but one can also buy and deposit Bitcoins in the case of depositing money. And it is much more profitable to deposit money in bitcoins than one specifically deposits money in a bank. But here the way we deposit Bitcoin in DCA method is the proper method, usually before marriage if someone wants to hold Bitcoin in DCA method then he should hold for long term. Because he will be more aggressive to accumulate more and more bitcoins if he has a family later.



Depositing money in Bitcoin in other for you to be using it in your daily activities in a society were Bitcoin is not general accepted as a method of payment can be stressful and not a good idea but is better in a society were it is generally acceptable as a means of payment.
All method of Bitcoin accumulation one choose is better it should be something you are comfortable with the only method of Bitcoin accumulation I don't advise people to go into is waiting for the dip to happen before one accumulate that method is a time time waster and is very bad especially for a newbie to engage into.

When one is still single is more better and easy to be aggressive in his accumulation because there's no too much responsibility, if one was investing 50 percent of his income into Bitcoin when he was still single and he gets married still on the same job his investment percentage will reduce to 20 or 10 percent because he now has more responsibilities however if he gets a higher and bigger paying job it may still remain the same for some time.