Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Promocodeudo
on 08/09/2024, 11:08:09 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.
Though you are correct, one must at least have the basics knowledge of what he or she is venturing into, it's as important as making the investment itself. it's more like the foundation to what will be the result of your time and resources. if you just into any investment believing that knowledge will come latter you're probably at the very beginning of your failure. this a lot of people will never tell you.



I think this can be confusing for newbies, as an uninitiated investor will never invest directly in Bitcoin. Because a person will be willing to invest only if he has the knowledge to invest in the beginning.
 And this will be the positive point for new and old investors to invest in DCA method.  Because both new and old investors can get success following this method, it is possible to invest in this method for a long time. But the more risk-taking capacity is created among investors, the more bitcoins they can hold in the long-term.  
Because the DCA method is the key to success in investing in Bitcoin, it is proven that those who have held Bitcoin in the past and up to the present time will only reap massive benefits in the current period.

Bitcoin investment is inherently risky and we should invest with that risk in mind. But we must be very careful in investing in Bitcoin, if we can invest carefully, Bitcoin can achieve a lot of success. Those who are new to Bitcoin investment must acquire enough knowledge about Bitcoin before investing in Bitcoin. If they do not acquire enough knowledge about Bitcoin then they will not achieve good success in Bitcoin investment. Sometimes it is seen that even experienced investors lose patience so definitely our patience is very important when investing in Bitcoin. If we can invest with patience and long-term planning, surely we will be successful in investing.

I don't get what you mean by acquiring enough knowledge before you can invest, with what I know the knowledge you need as a newbie is just to know the basics like how to buy Bitcoin, the best wallet you can use to hold your Bitcoin and how to DCA to enable you to buy the little you can slow and steadily continuously as for having enough knowledge before someone can invest as you said, I don't think that is part of the investment, don't forget that having enough knowledge can be discouraging because there are misleading news and articles that intending investors may come across that may discourage them to discontinue their plan to invest.

Remember there are some aspect of this investment that we learn in the system, as spectators there are things you won't learn once you are not into the investment, when it comes to Bitcoin investment we should know that it's a long-term investment which requires perseverance and endurance to continue the journey to our expected destination as such we should abide by the aforementioned terms to get keep accumulating for us to have a bulky portfolio.