Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Felicity_Tide
on 09/09/2024, 17:45:52 UTC

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It is even funny to say newbies should have enough knowledge before starting their investing journey when we know that there are many things involved in Bitcoin which is not possible for us to know all before investing, we are only concentrating on the investment aspect which is the major thing.
This people waiting to have enough, are they going to get the technical knowledge too before they can invest? If that's the case I don't think they are ready for the investment, sometimes when I see people say this things I laugh because many people are busy investing and some are just somewhere indirectly discouraging themselves with a delay mindset. As far as am concerned the investment is real, tested and trusted and if you are still waiting, you are on a longthing, wait no more, start doing the needful which is buying slow and steadily with the amount you can afford until you are satisfied with the level of Bitcoin you have accumulated so far in your portfolio and continue hodling for a long-term.

I have read through your opinion, and I like the fact that you are coming from an angle where you feel that Bitcoin technicalities has nothing to do with investment, which is very true. But let me add something, which might have been mentioned before (don't really know). How about we say that a newbie should have both objectives and goal in the early phase of investment?, rather than the technicalities that some individuals think. Goals in the sense that, a newbie must have in mind what he hopes to get at the end of the day for the long term plan, while objectives in the sense that he/she will have to perform certain tasks successfully inorder to hit that goal. Ideally, it is the intension of every investor to make profit, which is automatically a goal, but achieving the objectives is a problem for so many. Regular DCAing is an example of objectives that we've mentioned here. Without fulfilling these objectives, your goal will end up becoming a failed mission.

In other sense, it's important for newbies to accept a long term plan that will yield a better result (goal), and stick with a consistent buying strategy (objectives), that will help them fulfill their goals and also enjoy it's benefits.