Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Reincarnated Sat
on 13/07/2024, 20:50:57 UTC
So, if you can achieve your goal with temporary hardship, if the goal is honest then you will definitely start getting results after achieving the goal. In case of Bitcoin investment, you take temporary pains to take your investment to a certain goal, after achieving the goal, you will start reaping the results from there.
I will view "Hardship, Pain" you say as the Price that investor/Bitcoiners who have low finance ends gotta pay to reach what they aim for. As I would always say that what differentiate some investor from others is there perception about Bitcoin... For an investor that values it such investor will create and align with system that can help him to reach this goal while the other tries to gamble, chill out, call Bitcoin scam, etc.
I have a little different approach to bitcoin from yours. It was before I was thinking in your direction but now a lot have changed for the better and I can boldly say that I am enjoying the process more. Before, I had this mindset that I had to deny myself everything, even cut down on the quality of food and other basic needs to be able to invest in bitcoin. I think this approach is not the best as it will make the journey stressful and full of fear. It is never wise to pay unbearable price to invest in bitcoin so that the aim of the investment is not defeated. There is nothing bad with investing little amount per time instead of starving yourself to buy bitcoin. As little as $15 per week, which is affordable for anyone with a good source of income, and spread across several years will yield something vey big.

This method is not the best for everyone. If you have a source of income from which you have a good amount of money saved even after you meet your needs and family needs. Why should you lower your standard of living to save money? Why do you have to sacrifice? Why reduce the quality of food? You won't need these if you can meet your needs completely. You can continue investing in the DCA method by creating a fund in this case and prolong it.

Think about the people who have low income. If it is difficult to fully meet their needs with their income, what advice would you give them if they want to invest? Shouldn't they invest? How do they start their investment? Yes, they must invest. Sometimes to be successful you have to make sacrifices, take risks. What's the harm if you can succeed by lowering your standard of living for a while? You might say there is a chance to lose, but even if there is a chance to lose, I see no other way. I don't think it's wrong to take that much risk when there's no other way.
A lot of people feels they need starve there selves in other to grow there Bitcoin investment and is not so all we need is a good management skill, if you manage your salary very well you will go far in your accumulation using the DCA strategy, you don't need to starve yourself or your family to meet up with your accumulation.
When you receive your salary remove the percentage you want to use for running the family and then the percentage for your backup funds and accumulation and other things.
If one lacks management skill it will be very difficult for him to continue his or her Bitcoin investment, if you can manage your income very well then there's nothing to fear.
Some people with low salary are doing very well in there accumulation journey all because of your good management skill.
Well for me I don't see any risk in Bitcoin investment and there's nothing to fear the only thing one needs to fear is losing his investment because of lack of security and that's why it is always advised to have a backup funds such as emergency, reserve and float funds in other to secure your Bitcoin.