Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Sim_card
on 10/07/2024, 08:03:05 UTC
⭐ Merited by JayJuanGee (1)
So many person during the early phase of their accumulation stick to their strategy but as market conditions starts unfolding they start panicking and consider selling. Having strategy only is not enough but backing it up with dedication, discipline and commitment is necessary to increase our bitcoin holdings.


Yes, it is not enough to use strategy to increase your Bitcoin holdings, you have to be committed. Everyone has his own investment strategy that he prefers. Whatever the investment method is, if the investment is long term, committed and regular then it can be an ideal investment. While making a commitment to invest is easy, keeping the commitment can be a little more difficult. Because your life will not always be the same. Life will be favorable at times and unfavorable at other times. Keeping promises is an easy task under favorable conditions but becomes challenging under unfavorable conditions. Various funds come in handy to protect investments in these adverse situations. You can create several funds according to your finances and you can name them. In accordance with the name one can use a fund on the basis of need in adverse situations. In this case, you don't have to go through adverse conditions depending on the investment and can stick to your commitment to increase your Bitcoin holdings.

If the investment is for long term then it must be kept carefully, as it is normal to face various problems in this adverse environment of life. That's why I have disturbed the fund in some parts in terms of personal investment, because in difficult times of life I can spend from my emergency fund in the investment sector and continue to invest regularly. Especially since my investment list is marked with deep buying, I start investing more when the market is dumping. And it needs enough planning to sustain my investment for long term, long term investment must have plan then it becomes ideal investment.
Disciplined spending can be an important aspect of successfully prolonging an investment. This will help you build funds and increase savings by reducing extra expenses from your monthly income. With the money in the fund we can invest more by using and saving money to deal with adverse situations.

But it is definitely risky, if you are a new trader then you are likely to face the biggest losses. But if you adopt a strategy then surely you will be successful.  Sure you invest but you have to buy the dip and wait for the next bull run to start. But you will be successful in reaping such benefits. As the price of Bitcoin has touched a high of 73.3k dollars to a low of 53k dollars in the current time, if you could buy this dev then you are sure to be successful.

It is wrong to think about trading as a new beginner to bitcoin because the chance of running at loss is very high not just because he is a beginner but because trading is very risky and no one can predict the price of bitcoin. Professional traders also run at loss, for this reason it is better that a new beginner into bitcoin only invest in bitcoin by buying regularly using DCA approach because the plan is to grow and build your bitcoin overtime for the future and not to gamble with your bitcoin.

There is no need for a new beginner that want to start his bitcoin investment journey to wait for the dip because he might end up not buying if there is bitcoin price did not dip to his expected price and that will kill his goal to invest. It is better that he starts buying right away when he has the money available so that he can start accumulating his bitcoin gradually bit by bit using part of his discretionary income to enable him not stop buying for a long time like 4-10 years and above.