Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Rustam Meraj
on 06/11/2024, 02:17:29 UTC
It is not advisable to encourage to some one who is still struggling with his life and daily living to invest into Bitcoin for it won't work out which money will such person use in accumulating Bitcoin when he barely feed or what did you think will happen to his investment if an emergency or unforeseen circumstances occur don't you think he may decide to sell out his Bitcoin maybe even at lost for it could be that Bitcoin is at dip when he sell .
It is good to have a better cash flow before going into Bitcoin investment and it should also be the money you won't be need for long time 4-10 or more but it not be that you are still struggling with your day to day needs and wants to go into Bitcoin investment definitely it won't work.
Yes investing in Bitcoin is not good idea if you are struggling with money. You need to have enough for your basic needs and some savings before investing. If you do not have you might lose money or have to sell when prices are low. If anyone wants to invest safely he/s need financial stability and steady income and savings that he/s won't need for 4-10 years or more. Do not use money meant for daily expenses or emergencies to invest in Bitcoin. Instead of this focus on securing your finances before considering Bitcoin investment to avoid financial risks.