Post
Topic
Board Nigeria (Naija)
Re: How to HODL for long.
by
letteredhub
on 08/07/2024, 12:52:54 UTC
As a bitcoin investor, you don`t think of eating your investment capital or taking from it before you get to accumulation goal even in rainy days except its highly important probably life and death. Its good to invest in bitcoin but when you are now taking from it before even reaching your accumulation goal then you`re not acting as a good investor who has a set planned goal which is bad because in the end you will notice that you have accumulated or nothing in comparison to your investment plan because you just turn your investment to savings
what I have thought of mong many conditions that affect people's investment to be harvested prematurely is that they rush to invest at a stage of their life when they are supposed to be making savings. You can't jump the steps and think that it won't affect you ahead. Some investors are investing without having any savings anywhere. What would happen when challenges burst up in the absence of any available savings? It's the investment that will be the next stop, making the investment serving as both investment and savings, which ought not to be that way. So it's important that people make some savings before taking to investment plans especially for a long term investment.