Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ndutndut
on 18/10/2024, 19:33:27 UTC
The First bitcoin investment in my life.



I started the first investment of my life today, it's a new experience for me. Although it is much less in amount, but I will continue it regularly, and thus hopefully one day my portfolio will be much bigger. I have high hopes for Bitcoin's potential and its future. So I will now convert this investment into a long term plan and invest regularly on a monthly basis. I have learned about DCA, and I am proceeding through this DCA from now on. For newbies like me, I say, research properly and keep yourself updated and go ahead with a long term plan with faith in Bitcoin, hope everyone can succeed in this journey one day.
First of all, congratulations to you for making the right investment decision. To start investing in bitcoin, you don't need to have a lot of capital, with a little capital you can also do it just by using the strategy you are currently using, namely the dca strategy. Because if done consistently, your portfolio will continue to grow. Moreover, your goal is to invest for the long term, of course this indirectly means you are building assets for a brighter future.

What is certain is that in holding bitcoin in the long term you will encounter many fluctuating markets and that will test your emotions, you must have confidence that market movements will continue to increase and even if the price drops it is only temporary and that is normal so you don't need to panic. You have to wait and be patient and when it reaches the price you planned, gradual profit taking can also be done. What you need to instill in your mind is not to expect to get rich overnight in cryptocurrency investments, especially in bitcoin because getting rich is not that easy, it takes patience and precision. This advice may be stale, but it's okay if advice continues to be repeated so that we remember our investment goals. Good luck.