Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 03/10/2024, 17:44:43 UTC
Isn't that part of the reason that we spend times in forums like this to learn those kinds of ideas?  Also we might have to spend time with our own papers and planning - whether we plan using papers or if we have computers and cell phones to help us to plan... We still might want to project out our income and expenses, and I frequently llke to do that for several months into the future, and the more complicated your income, expenses and/or investments, then the more you might be advantaged by projecting your income and expenses out into the future, such as using Excel and projecting out 2 years. .Of course, each of the closer months are going to be more important and more specific since those expenses have to be covered in a short period of time, as compared with the income and expenses further out is going to tend to be more general, and the further out time periods might have to be based on pure estimations if you do not have much if any job security.  Surely there is value in having job security, yet surely there is variation in job security too.. so a person might get a job that is fairly secure for 3-6 months, but there might not be a lot of assurance regarding what the income might be after those 3-6 months, so there may need to be some estimation regarding what they next jobs might be, and so I am not suggesting that everyone is in a similar situation, and surely guys have to try to adapt to their situation, and if they know that they have issues with lack of confidence in their income then they might need to try to figure out if there might be ways that they can improve the assuredness of their income.
Yes, it is the reason why we have such a discussion in this thread so that everyone can be able to bypass things when it becomes a problem in their investment. It doesn't matter what tool we are using to make our planning whether digital or on plane sheet. What is more important is that we have a certain target that we ought to meet while accumulating. If our present job becomes shaky then it is in our position to start looking for another time instead of waiting till we quit or stop the job. Expenses never end and sometimes some expenses come that we don't plan for and when it does, we have to be ready. There is not excused to stop accumulating Bitcoin. If we have skills, then we should reach out to more audiences to patronize us.

I got so much interested in the strategy that you plan 3-6 months ahead of the future. That is brilliant i am adopting it.

I tend to try to project my cashflow 12-20 months into the future, yet of course, the months that are closer are going to be more important to make sure that they are in order, yet sometimes we might be able to see cashflow crunch periods that go out into the future, and more so if we might have various kinds of debt obligations or we might employ debt in our financial strategies (cashflow management) or even if we have family type cost that come up down the road or even business type costs that might go quite a ways out into the future.