Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Mayor of ogba
on 20/12/2024, 07:33:11 UTC
⭐ Merited by JayJuanGee (1)
To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.
You are wrong; if you invest in bitcoin and don't take good care of it in the sense that you don't make provision for emergency funds, reserve funds, and floats, and also use the money you will not need for 4-10 years or more to invest in bitcoin, you are likely to fail on your bitcoin investment because when your unforeseen problems arise, there will be no emergency funds that will help you to solve those problems, and you will depend on selling your bitcoin investment to solve your unforeseen problems, which might get you off the game partially or permanently. Anyone that is investing in bitcoin needs to plan his or her bitcoin investment very well and figure out how much of his or her discretionary income will be used to invest in bitcoin in such a way that he or she will always solve his or her daily expenses, which will allow him or her to hold his or her bitcoin investment for a long time.
In fact, many investors forget these things before starting to invest, they start investing without arranging an emergency fund, a reserve fund. As a result, in any unexpected situation, having no way out, they sell their Bitcoin holdings, as a result of which they often face losses.
There's nothing wrong with starting a bitcoin investment without making provisions for emergency funds, reserve funds, and floats at the beginning of your investment. You can start your bitcoin investment without keeping emergency funds, reserve funds, and floats at the beginning of your investment, but you can build up these funds up to 3 months as you are accumulating bitcoin. It is only when you fail to build up these funds as you are accumulating bitcoin that you will find it very difficult solving your unforeseen problems when they arise.

The advantages of depositing using the Dollar Cost Averaging (DCA) method are many. This is a strategy where anyone can consistently buy Bitcoin with a certain amount of money. You can buy Bitcoin worth $50 or $100 with the money you have in your hand once a month. In that case, there is no reason for the person to worry about the price of Bitcoin decreasing or increasing. The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin. You do not have to sell any land to buy Bitcoin, that is, there is no need for a large amount of money. What is needed is your ability to hold it. Because those who hold BTC for a long time benefit from the increase in the price of BTC over time.
You are correct; the DCA strategy allows any investor to consistently accumulate bitcoin on a weekly or monthly basis, depending on the one that is convenient for him or her, but it is not right to use all your money to accumulate bitcoin at once with the DCA strategy on a weekly or monthly basis because that is an aggressive investment, and you are doing it in such a way that you will not be able to solve your daily expenses, which will give you no choice but to sell your bitcoin investment even though you are at a loss to get your daily expenses sorted out. Investing in bitcoin with the DCA strategy is best done when you invest according to your discretionary income or you invest with the money you can afford to lose or with the money you will not need for 4-10 years or more so that you will have no problems in sorting out your daily expenses, which will allow you to hold your bitcoin investment for a very long time without getting off the game partially or permanently.