Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
DubemIfedigbo001
on 14/09/2024, 15:28:50 UTC
⭐ Merited by JayJuanGee (1)
No big deal about Bitcoin investment, the thing is if you can wait and save up money with you knowing that there is assurance of that money growing despite all negatives that will occur with the investment as you the years goes then Bitcoin investment is for you but if you know you are not good in waiting and expecting some kind of miracle to happen maybe you wake up one thing within a short period of investment and discover your investment blow overnight then you are probably with the wrong investment.

Bitcoin investment doesn't require much just
1. Patience
2. Available funds (not huge but steady)
3. Positive mindset (strategy included)

There are more but I think all fall under these three .

You think so mate?, Bitcoin investment involves a lot of discipline and consistency to build your portfolio, also you need a good level of preparedness and planning in order to raise funds, set aside your emergency fund and dedicate your discretionary funds for your accumulation process. The disciplining part is the most challenging since you've to lay down patterns which you must follow consistently in buying Bitcoin periodically. Holding it for a longer period of time is another not so easy task. Most times you might feel tempted to pause and use your investment money tho have fun, but reminding yourself of your goal and not yearning to the temptation demands a lot of emotional strength. Not forgetting that you've to keep making money to service emergencies constantly for the long term so that you'll not tamper with your investment.

Furthermore, taking up a side hustle to service your investment or maintain your standard of living while still being consistent in your investment is a sacrifice which is not so easy. I literally have to remind myself everytime I go for my side hustle that I'm making those sacrifices for the future. Also, engaging properly helps increase the quality of your personality over time and makes you more responsible and manage your finances better.

In a nutshell, Bitcoin investment demands a good level of discipline, consistency and sacrifice in order to follow-up your accumulation patterns and reach your target. The only time when it looks a bit easier is when you've been into the process for a while and it's already part of you such that you now do it effortlessly.