Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 23/11/2024, 06:07:09 UTC
I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.
You don't need much knowledge to start up your bitcoin investment; the basic idea that you have in bitcoin is very much okay for you to start up your bitcoin investment, but you can still learn about bitcoin as you are in your accumulation journey so that it will allow you to have a clear picture of what bitcoin is all about, which will make you be all in on bitcoin and hold it for the long term. As a newbie who wants to start his bitcoin investment, what should be your concern is your finances to know if you will have a discretionary income that will allow you to comfortably invest in bitcoin in just a way that it will not stop you from sorting out your daily expenses, which might get you of the game, partially or permanently. Since you are investing in bitcoin for the long term, there's no need for you to look at the price of bitcoin or try to time the market to buy bitcoin when it dumps because it will delay you from accumulating bitcoin because you are not certain if it will happen today or tomorrow, and there's no better time to invest in bitcoin than when your discretionary income is readily available and you use it right away to invest in bitcoin. Any time you are very much ready to start your bitcoin investment, you can use the DCA strategy to accumulate bitcoin either on a weekly or monthly basis, which will allow you to accumulate bitcoin anytime your discretionary income is readily available because it will allow you to accumulate bitcoin even though the price is increasing or decreasing, which will allow you to take advantage of the market and be more consistent in accumulating bitcoin than someone who is trying to wait for the dip to buy bitcoin.