Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
laijsica
on 25/11/2024, 06:27:52 UTC
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
Naturally, for middle-class investors like you, there may be some FOMO in investing in Bitcoin and your positive outlook on investing in valuable volatile assets is certainly commendable and it seems that you are satisfied with some profits in short-term investments. I would recommend that if you have alternative income, then a portion of the discretionary income from it should be directed towards long-term savings and protect your capital through patience from the temptation of getting limited profits. Making long-term disciplined investment decisions through knowledge-based investment reviews such as multiple cycles of 4-10 years shows that you can get a Bitcoin pile and the tendency to save any amount from discretionary income.

However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.
Honestly, the decision to invest in Bitcoin for a year is a sign of your short-term view which can cause some confusion when properly considered and may not be suitable for getting decent holdings. So for a low income or middle income person, it should be a long term investment decision as it may lead to a tendency to increase holdings with increasing knowledge. The competition to get more money in a short time can be a risky decision for an investor and since you say that the Bitcoin journey is very difficult for you, you should not pressure yourself to invest on an overall level unless you can continue saving in the long term.