Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tmoonz
on 06/09/2024, 09:04:47 UTC

I think you are having a wrong interpretation about this reserved funds because it's not only when there's Dip one will use it to accumulate more Bitcoin NO it can also be use for other obligations outside Bitcoin investment. Secondly, it's not just about having a reserved funds but rather how well can you be able to make good use of it.  and investing aggressively is putting oneself into a mess because once you got carried away by a Dip, you are spoiling your investment unknowingly.

Before starting investment it is of course most important to gather knowledge about investment.
Yes, it is always important for people to have a good knowledge of the investment they want to start so that they can know how to handle the investment and become successful with it, but when it comes to bitcoin investment, newbies or new investors don't necessarily need to gain any bitcoin knowledge before they can start investing their money into bitcoin. What newbies or new investors should be concerned about in bitcoin investment is their finances to know if or not they have a discretionary fund that will allow them to invest in bitcoin. As time goes on, they can start learning about bitcoin.
Seriously, if someone wants to be successful in whatever they are doing, they really need knowledge because knowledge is the key factor for anything they want to do, whether it is business or investment. So, it will be better for anyone to seek for knowledge before investing in Bitcoin, so they will know the right direction to follow. Some people lose their Bitcoin investments to scammers, not because of anything else, but just because they don't have the knowledge. Therefore, it is very important that we try to gain this knowledge before investing in Bitcoin.At the very least, we should try to have the basic knowledge before starting to invest in Bitcoin, and from there, we can begin asking for more knowledge to provide strong security for our investment.
Gaining full knowledge before Investing into Bitcoin doesn't necessarily mater when it comes to Bitcoin investment when decide to keep on waiting to gain more knowledge before Investing into Bitcoin might be too dangerous the most important thing is to get started and when you are already in it then you will start knowing more or have more knowledge how Bitcoin investment works.

The best is to get started because the more you keep on waiting to gain knowledge before Investing into Bitcoin the more you miss the chances of accumulating more Bitcoin.

Because it is Bitcoin we are talking about and not any other coins, waiting to have or gain much knowledge before getting started might lead to procrastination and at such many may end up not investing in Bitcoin, the logic should be get the basic knowledge and have that personal conviction that Bitcoin is a coin that worth investing, get the fucking started and figure out other things along the line, the DCA strategy has got it all as to this regards because it gives the opportunity of learning about the dynamics while already in it, mistakes can be made and corrections can as well be taken, most times getting experience becomes the best teacher, one can not really get much the of the knowledge by just sitting around the corner, prioritize your basic needs and investment within your available disposable income readily available for investment, think Bitcoin investment and think long term plans, these are essentials that can facilitate making an informed Bitcoin investment decisions.