Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Troytech
on 09/12/2024, 20:25:06 UTC
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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. I especially recommend that those who are new especially to Bitcoin should start the DCA method and this method can keep them free from investment fear. For example, you can save bitcoin from your discretionary income or floating cash fund and the need for this fund is considered secondary to you (extra floating cash). It may be that you will not have any regrets if you lose this fund or even if you lose it (I am just guessing). By saving Bitcoin, you can ensure the proper implementation of your assets, this is expected. The fear of losing the invested capital can be in any investment, but some critics who are not aware of Bitcoin are spreading propaganda among investors which misleads many potential investors.

Ultimately, it can be said that if you want to get rid of investment fear, then the DCA strategy is the best method because it can be said that by spreading buying at different prices in the portfolio.
The part where you say, "you will not have any regrets if you lose this fund" could mislead people. While it's true that you should only invest money you can afford to lose, it’s risky to frame Bitcoin as something you can afford to lose without consequence. People need to consider their financial priorities carefully. Remember, you mentioned using floating cash but we should also emphasize planning and risk management. New investors might interpret floating cash as an excuse to be reckless with their investments. They should strive to make proper planning and prioritize emergency funds as it is important too.

DCA is the way to go that is why we discuss it in this thread. It is a good strategy for both the new and old investors but it's not the ultimate criterion for a successful investment. DCA becomes powerful too when we combine it with knowledge, realistic expectations a clear financial plan, and more depending on our financial goals. The fear of loss isn't just about Bitcoin its about mindset and preparation without impulsively swinging into action.