Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
terrific
on 03/10/2024, 22:41:23 UTC
The fees are only becoming a problem when the network is being spammed. But so far, there's no signs of it and hopefully they won't appear anytime soon.
There’s actually no problem with fees, if you find it quite expensive, then never decide buying at that moment. As simple as that, otherwise you are already at loss before you start making some returns. That’s why a lot have been trying to emphasize here that patience is the key. If you can’t be patient on your market entry and exit, you will never achieve your target profits in your investment.  And also, consistency in doing DCA will certainly lead to a massive investment. But still stick to the basic to always buy using your spare money, an amount that you can afford to lose.
Yeah, that's very simple. Do not proceed with the transaction if the fee is higher than the amount you'll send or when it's simply quite expensive.
I won't do it if that's the case but when I've got more funds to be sent and the fees are tolerable, I'd simply continue on that skip on thinking that the fees are expensive.
This happens when we need to withdraw and to sell for some important things that we need to deal with in our real lives. The fluctuation of the fees are there too, so being patient is also worth it if it's about the fees.