Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
Moreno233
on 17/08/2024, 17:05:34 UTC
⭐ Merited by Ruttoshi (2) ,JayJuanGee (1)
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The fact that Dip always create opportunity for investor to accumulate more Bitcoin doesn't mean one should invest more than they are suppose to invest. Some people who  panic and tamper their investment sometimes is as a result of what I mentioned above however, my advise is anyone who wants to take advantage of the Dip should check his/her pucket  very well in other words, plan before doing anything so that you don't come here and say things that will mislead or discourage people because of what you get yourself into after all Dip is what is band to happen in Bitcoin one can invest anytime just that the more Bitcoin increase the higher the Dip that is to say that any new ATH has it Dip limit  though it volatility can be very funny at times.
One needs to keep his or her self in check, one don't need to use money anyhow with proper planning, before you thinking about taking advantage of the dip first of all check if after using above your regular percentage for investment if it will affect you financially and if yes avoid that particular dip and focus on your normal investment strategy to avoid getting into a fuck you state which will now lead you to dip hands into your investment.
Some people don't plan out how there salary or income will run for that week or month, they spend without proper evaluation and that is why they always go broke even before receiving there next salary, which is not a good one and I think we should encourage every investor especially the newbies to always map out how there income will run for the week or month how to fix in there income percentage to every place needed.
I don't know where you join the discussion from but just so you know, there are concepts recommended for anyone who want to invest in Bitcoin that will enable them invest in such a way that they can hold comfortably without pressure to sell. One of such concept is setting up emergency funds, which is a fund that will cover unplanned things that can require the investor to settle during the course of the investment. This emergency funds is different from the money meant to cover the basic needs such as food, shelter and others. Emergency fund is entirely different and must be set asset as a protection of the investment because without it, the investor might sell his Bitcoin when there is emergency that cannot wait. So the planning process is where the em

An investor waiting for the dip would have made provisions for the funds different from the emergency fund and even the amount for DCA for those also applying the DCA. Investment is better planned so that it can be implemented adequately