Post
Topic
Board Speculation
Merits 3 from 1 user
Re: Buy the DIP, and HODL!
by
Promocodeudo
on 28/11/2024, 13:38:30 UTC
⭐ Merited by Rockstarguy (3)
The beginning of every subject is difficult, if one does not have full experience of investment before investing, but one has to know about investment from the beginning and invest accordingly. Before investing in Bitcoin, many people fear that if they invest in Bitcoin, they can lose a lot of money and because of this fear, many investors do not invest. But those who are willing to take risks and are willing to invest even if money is lost, do so. But there is a big difference between investing and holding an investment for a long time. 

There are many challenges to be faced in holding the investment but those who overcome these challenges ultimately get good profit. Now many investors are holding on to their investments and the price of Bitcoin is now at its highest level, but those investors will now get a good amount of profit from their investment.

Yea I agree with you that some people at the onset become much afraid of what will become of their fund if they invest in Bitcoin, though it's is an individual thing but someone who's ready to invest won't be having such doubt because such an individual would have known that risk is part of investment and for you to scale through in an investment you must have considered taking risk.

Buddy in terms of having full experience I don't agree with that, one must not have full experience before he can invest, I think we need to start from somewhere and graduate to having full experience which is not also that possible, some use these things as excuse to keep procrastinating, anyone who wants to start Bitcoin investment journey needs just the basic to start first then such persons knowledge will definitely be broad if he or she continues consistently, after all the Bitcoin we are taking about is not a hidden investment, it's something some one can easily ask question about on communities to join in the internet space to learn more about Bitcoin and that's it.

Yea investment and hodling are different things all together but if we should go by the right approach of Bitcoin which is long-term, I think every investor that has a good set goal for themselves would have known that as they start the journey is to keep accumulating they litlle the can with DCA method consistently,steadily and hodl for a long-term, though there may be obstacle when one decides to hodl thats why is advisable for an investor to have discretionary income, emergency funds available and also apply a gradually process of accumulating Bitcoin to avoid presure or panic.