Re: Buy the DIP, and HODL!

Quote from: Mayor of ogba on Today at 08:59:12 PM

Quote from: cryptoWODL on Today at 03:56:30 PM

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.

Since bitcoin investment is a long-term investment, it's not right for someone to borrow money to invest in bitcoin, and it is not the right way to go about bitcoin investment. Don't be carried away by bitcoin price; just stick with your original plan of accumulating bitcoin and wait until your accumulation money is readily available for you to buy bitcoin with your money without borrowing money from someone to buy bitcoin. If you are borrowing money to buy bitcoin, that means you are investing in bitcoin in such a way that it will stop you from solving your daily expenses, which will get you off the game partially or permanently. Bitcoin investment is best done when you use the money you can afford to lose or the money you will not need for 4-10 years or more to invest in bitcoin, which will allow you to hold your bitcoin for a long time since you don't borrow money or use the money that's allocated to solve your daily expenses.

Although I will not oppose if there are still those who do that (borrowing to be used as an investment), in the end, things like this must be carefully thought out so as not to make you carried away by a bigger flow later so that the choices made must really be in line with the plan.

Borrowing money to invest in bitcoin in the end in some conditions it will not be too appropriate for some people or those who do have financial conditions that are not too balanced so that in the end when we are in this condition it is certainly not a wise choice to borrow money and buy bitcoin because it will only worsen your situation when you are unable to pay the collateral we borrow.
We are not Saylor who is very comfortable with his life and is free to borrow without the need to think about the long term to pay because he is certainly able to do so so there is no need to force ourselves to be in bitcoin aggressively when we cannot afford it because in the end invest according to what we can afford because this relates to our future of course.

Out of context but I did want to share it when I asked in the new AI feature on social media that I use it turns out the answer is quite interesting