Post
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Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
DubemIfedigbo001
on 13/12/2024, 04:16:17 UTC
⭐ Merited by JayJuanGee (1)
For those who have a good stable cash flow and always keep "emergency fund, reserve fund" ready, it is easier to set the goal of long-term holding. Because if stable cash flow and reserve fund are ready, it will give you a different confidence, because at that time you will be ready to face all obstacles.
And in the case of investing in Bitcoin, real success cannot be achieved without long-term holding, because Bitcoin is a long-term potential asset, so those who have stable cash flow should invest in Bitcoin using DCA, and decide to hold for more than 10 years.
If the financial situation is stable, their investment can be maintained for a long time without any obstacles, and much good success can be achieved in the future.
According to your direction, it is understood that those who have prepared stable cash can move towards investment at any time if they want. Those with such cash do not have any problem in terms of investment, but only some have such prepared cash, and it becomes a little difficult for them to keep the investment trend right.

I want to talk about two things here. The first thing is that those who have prepared cash can invest, their investment is different. If they want, they can make their investment long-term, and they should invest long-term. Because they should invest in a stable coin without keeping their stable cash. For example, if they want, they can choose the stable coin Bitcoin; if they can invest in it without keeping their stable cash, they can benefit greatly. If your stable money is not used anywhere, investing in Bitcoin is better than keeping it in the bank or somewhere else. If you want, you can withdraw the invested money at any time; it is your matter, but if you invest for a long time, this investment will bring you a golden time.

On the other hand, there is a very good investment opportunity for those who do not have stable cash savings. No matter their job, they are earning money somehow or the other. Although they have to work hard to live and have a hard time meeting their family needs, they can invest in such a situation if they want to invest. Suppose you have a monthly income of $200, from which you spend it; everything is gone. If you remove a small part from here and put it towards investment, you will see that this money will bring you something good at some point. If you keep $200 to $5-10 for investment and can invest by maintaining DCA, then something good awaits you. If you continue to invest even a little, you will eventually see that a good amount of money can be obtained from here. Although no one's income is so low now, I just tried to explain it through an example.

If you have the mindset to invest, you can invest in two ways. Those who have stable cash can invest easily without any hassle; on the other hand, those who do not have any savings can also invest. You only need a little income to invest. Even a small amount of income can be seen as an investment if you have the mindset to invest.

Stable coins are coins pegged to the value of a currency. For example USDT and USDC which are tied to the American dollar value. Bitcoin is a volatile asset and not a stable one since it's value is not dependent on any currency, but the market dynamics. You can agree with me that the price of Bitcoin continues going up and down with response to market condition, that makes it volatile and cannot be described as a stable coin.


However, that investor can also use the funds he wants to front load to buy bitcoin through DCA by spreading that money into several weeks, to take advantage of the opportunity in the market. The most important thing is that you are growing and building your bitcoin portfolio overtime without selling
Contractors are better off front loading their investments since the cash doesn't come in Everytime, spreading out your investments are good, but I know contractors lifestyle, they love flexing a lot as soon as the funds are available, so the funds may be at risk of being used for something else intentionally or unintentionally since there is no steady cash flow to augment for what has been spent within a limited time. Front loading would help the contractor plan himself very well with the remaining amount left from his discretionary income for other activities.