Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dailyscript
on 18/09/2024, 17:10:47 UTC
Buying the dip is not only for the traders, those that made preparations for it can buy the dip if the plan is there especially with a reserve fund, but as for me am not much carried away with buying the dip so that I will not get in to any troubles of not sticking to my plans so as no to use the money that is meant for another thing for investment my plan is to focus on dcaing, and am good with it.
Just buy whenever you want to. It's true that buying the DIP isn't only for the traders but it is for everyone, literally all of us.
And if you're not that much carried away by buying the DIP, then it only means that you're not pressured at all.
This should be what investing is, we're free to do it whenever we want and no pressures at all because you know how long the market will stand for.
We should invest in such a way that we never feel pressured to invest. This cannot be done when we want to stay away from investing when it feels pressured to us. Before investing we can plan long term but there is no problem if we invest consistently with less amount of money. If we keep depositing money little by little, then the amount of money will be much more at one time, similarly if we continue to invest little by little then the amount of investment will be much more at one time. Basically our objective is to invest and maintain investment continuity as well as hold investment for long term. It is difficult for many but the simpler we take it the easier it is for us to do it. Since investment is our personal matter, no one outside will interfere with the amount of money we have invested here, so we can make long-term investment plans if we want.
I guess it comes down to the tradeoff of lifestyle and future security that makes investors feel pressure along the line. When people hear about Bitcoin investment they though one can succeed in it effortlessly. There must be factors that will want to shake us during the path to feel pressured and that is why I say that the way we our lifestyle determines how we treat our investment too. If we live lavishly and spend money on expensive items when we know the income is not up to that standard. It will cause one to tamper with investment when the money isn't enough at a certain point in time.

As for future security. Emergency funds, savings, and other necessities serve as a security net for us. Any investor who praticalise keeping funds for these reasons will not be in a position where tampering or hindering his investment will be the solution to his problems.

I do not understand how such effortless investing can generate real/reasonable returns (First time investor).