Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Zackz5000
on 17/12/2024, 19:56:07 UTC

Many people invest by borrowing money from others. If one has a fixed source of income he can borrow money from others and invest but does not have to sell his investment. Because people don't always have money even if they have a job. So if he invests with a loan and later if he can repay the loan with the money he gets from his job at the end of the month, it means he can easily repay the money he borrowed from others. As a result, he no longer has to sell the investment to repay the loan.
It is very wrong to borrow money to invest in bitcoin because things may not turn out the way you expected it to it will be better to invest with little amount according to the level of discretionary income using the DCA method which will enable you accumulate Bitcoin regularly it could every week or month instead of going borrow money to invest in bitcoin for a long time remember that Bitcoin investment is not what you will put your money now and expect to cash out in few weeks time so it will be more better you invest with money won't be needing for a longer time which could probably be 4-10 or more.