Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 04/08/2024, 21:32:48 UTC
⭐ Merited by JayJuanGee (1)
~~~~So, while we focus on buying, we should also make plans for how to protect the investment from sudden liquidation.
I quoted the last part (liquidation)

That's a big meaning for investments made in futures, isn't it?

You can use the term "liquidation" in more contexts rather than merely talking about futures.  Odohu used the term liquidation in the context of your making a mistake and then having to sell your bitcoin (or your investment) at a time that was not of your own choosing.
~~
I understand a little better after you explained it, that liquidation can be linked to various contexts in terms of investments made. Of course you are right, if we make a mistake and cash out BTC, of ​​course that is something we don't want. For this reason, I want to strengthen my investment foundation with the power of reserve money which I am ready to prioritize for anything that happens to my investment.
I will use the reserve money well to buy bitcoin when the price drops further, but I will also take it if I need money for life needs which may be quite urgent and we don't need to cash out BTC.

On the one hand, I do invest with a budget of 10% of my income so that in the 1.5 years that I have passed there have been no obstacles that have disturbed my finances in terms of my daily living needs.

And hopefully there will be no mistakes I will make. I plan to make this investment an investment for my children when they grow up.