Re: Buy the DIP, and HODL!

Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs. Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used.

When it comes to long-term investing and managing your funds, you’ve got to have control..and it’s easier than you think if you stick to a simple game plan. A lot of people save for retirement by putting money in the bank.... but why not invest in Bitcoin instead? If you’ve got a job, setting aside just 5 to 10% of your monthly salary to buy Bitcoin is doable.

It’s all about having discipline and believing that it will pay off in the future.....

Think about it....when you save money in a bank, it depreciates over time due to inflation. That’s the opposite of Bitcoin, where the longer you hold, the more value it gains. Since Bitcoin’s inception, "it has averaged a 200% annual growth rate" per my research. Compare that to banks that give you just 1% to 2% a year....and some even charge fees on deposits! So, when you see it this way, it’s easy to convince yourself to be disciplined and invest regularly for your future and your family’s future, aiming for financial freedom when you retire.

It’s not too late.....

If you think Bitcoin’s current value means it won’t rise anymore, think again, there’s still room for growth. Even if the global economy faces challenges, Bitcoin could be the solution; it’s a safe haven that could actually rise in value as people look to protect themselves against inflation.

I think it is ignorance that make people save in the bank rather than to invest in Bitcoin cause if someone is aware that they'll make more profits even much more than what they're investing monthly or weekly in space of 4-10 years then they'll prefer it to saving in the bank that's always affected by inflation.

I agree with your that investing in bitcoin is profitable than keeping some fund in the bank, but you should know that fiat is flat and bitcoin is Bitcoin. Both are important in their usage. I have said it before that bitcoin was created as an alternative to Fiat and online transaction but was not created to Totaly destroy the usefulness of fiat system. No doubt bitcoin investment is profitable but we can't invest all our fund Into bitcoin for the sake if profit. There should be certain amount for investment into bitcoin and some amount in fiat for imidiate want, so I wouldn't like keeping money in bank to be addressed as an ignorant, because most people uses fiat in the bank for their business and they make profit from it and Maybe the profit they make each day is a reasonable amount that inflation can not affect it so sudden. So what I want you to know is that if you put all your fund Into bitcoin, another person may not do so and you shouldn't regards such person that keeps fiat as being ignorant because everyone has their reasons to what they do. Who knows if he makes money in fiat and invest in bitcoin.

Even though the price of Bitcoin do depreciate an investor cannot lose everything completely and would still recover when it appreciates again, so far the person continues investing periodically. Earlier today I just got charged about a 1000 plus in my local currency for sms fee but I've never experienced that with the Bitcoin I'm holding and that's why I'll always consider investing on Bitcoin over saving in the bank anyday or time. Well, it's okay to say that any Bitcoin investor that doesn't have discipline is wasting their time and not yet ready for investment, you don't invest for the interval of 6months to a year and then take profits at any upsurge, that's not how it works when they say Bitcoin investment requires long-term it's about 4- 10 years interval not the other way round and it's only discipline that would help an investor abide to that concept.
[/quote]