Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
MainIbem
on 20/09/2024, 10:42:55 UTC
⭐ Merited by JayJuanGee (1)

It is not necessary that one must have enough funds before investments must take place. The most important thing for one to have to start up investments is a steady source of income, then make plans how much amount of money will go in for investment and how mich will be for reserves and how much to be spend. Having a source of income,  then make good plans and invest according to the amount you can afford to spend. Investments can only be stressful when there is no steady source of income and when there are no good plans on how to manage the money.

Right buddy, because in the end when talking about sufficiency of funds I think this is a slightly more difficult condition because regardless of our attitude in assessing the truth there will never be enough for financial matters because it will always be considered less so that when waiting for it to be enough then we will never invest because of our assumption that always feels less and wants more. But in contrast to those of us who can have a fairly maintained income every month and we can manage it well, it is certain that we will try as much as possible to set aside the income we have for investment if we have a good outlook for the future.

Yeah, that's why there's the DCA method of accumulating Bitcoin which enables investors that doesn't have enough funds to buy and accumulate gradually over time and if an investor could atleast start by investing some percentage of their income that they can comfortably invest overtime without affecting their emergency funds or money meant for other bills, they would be shocked at the amount of Bitcoin they would've accumulated in their portfolio in about a year time but when an investor keeps waiting to have enough money to by bulk at once they could miss the opportunity of accumulating and gaining profit in their portfolio especially if it took them a long interval to gather enough money. Their are many people that are aware of Bitcoin's potential they know it's beneficial but are yet to start building their portfolio because they feel the current price of Bitcoin is above their budget and are probably waiting for the dip or to have enough funds to start up. Well I hope they come across discussions like this to help them understand that investors mustn't necessarily have enough funds to start-up, they can start small and accumulate over time using the DCA.