Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
cryptoWODL
on 06/12/2024, 17:27:25 UTC
Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one,
It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

Skilled and experienced Investors never wait to buy bitcoins, their goal is to buy bitcoins whenever they have money. For example, MicroStrategy has bought bitcoins at any moment in the market, making them the number one investment company in the world by regularly buying bitcoins.
You are wrong; new investors should know about their finances first to know if they will have a discretionary income that will allow them to freely invest in bitcoin, and after then they can figure out if they will be accumulating bitcoin on a weekly or monthly basis.
You re-read the post carefully to see what is mentioned there. It is very important for an investor to have a source of income before investing. The most important thing for an investor to do before starting to invest is to ensure the source of income. If investors with high assurance of income only wait for dips then their investments may not progress. Markets don't always have deep periods so if they wait for these periods they will miss the investment. So that new investors don't have to wait for the dip period, they are told to get ready to buy bitcoins right away.