Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 09/12/2024, 17:37:55 UTC
~
Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.
You have to consider that there is a reason for new investors to be afraid and they need to be more knowledgeable about Bitcoin and to be educated, they should conduct themselves through market analysis.
You sound more like a trader than a long-term investor in bitcoin because investing in bitcoin for the long term has nothing to do with market analysis. For you to invest in bitcoin on a long-term basis, you just need to figure out if you will have discretionary income and if you will be accumulating bitcoin on a weekly or monthly basis. Bitcoin has been in existence for a very long time, and even when a lot of rich folks have talked shit about bitcoin, bitcoin keeps proving them wrong, so there's nothing to be afraid of in starting your bitcoin investment if you don't use all your money to invest in bitcoin because it will not stop you in sorting out your daily expenses. It is when you invest all your money in bitcoin that you should be afraid because you will find it hard to solve your daily expenses, and you have no other choice than to sell your bitcoin cheaply to survive. Always stick to investing in bitcoin in such a way that it will not stop you from sorting out your daily expenses so that it will not get you off the game.