Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
avp2306
on 29/11/2024, 09:08:14 UTC
Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.
I am not trying to discourage you from investing in bitcoin, but with the responsibility in your hand and your financial status, it seems you are not yet ready to invest in bitcoin, and if you try to force yourself to invest in bitcoin, you are likely to sell your bitcoin investment along your accumulation journey to survive because your family depends on you to survive. Just focus on how you will figure out how to get a good-paying job first, so that it will allow you to take care of your family's daily expenses at all times and also give you a good discretionary income at the end, which will allow you to invest in bitcoin without finding it hard to do. 

Base on the story share here she is ready to spend for his bitcoin investment. What I think lacking here is the confidence and knowledge about what better things to do further. Since she's still asking about what to do next on people here.

Its really her responsibility on what he want to do with her money, since he said that he can spend more since he could save a lot of money due to his work then much better for her that once he got that amount on hand then better put it immediately on bitcoin. Since if he pause and doubt then provably that feeling could stop him to invest on bitcoin. People need to know that bitcoin investment should be done now not tomorrow since to many things that can bother them. Also best advice about what thing to do especially if they think about the length of their investment is to target 4 - 10 years since this is the ideal  maturity before they can see some decent profit from bitcoin.

She got a job which I think give her a decent pay cuts that's why there's still small amount that he can spend for her bitcoin investment. Proper taking action is important and since she's in this thread where good discussion occur for sure there would be a lot of good advices he can pick up and which is helpful for his Bitcoin investment plan.