Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Jewan420
on 29/12/2024, 16:36:58 UTC
Maybe you seems to have forgotten different countries has different currency and all currency doesn't have same value, you may come from a country which currency is very encouraging while accumulating your Bitcoin and there are also people who's currency are not encouraging.
I cannot completely ignore your point. However, the value of the currency cannot have any effect on investment. However, you can talk about those countries which are below the poverty line. Bitcoin may prove to be expensive for poor countries. But the value of the currency is an excuse. Just because the value of the currency is low does not mean that your income will be low. Compare your income with the dollar ($), if it is difficult to buy Bitcoin even with the middle-level salary or high-level salary of your country, then you should think that your country is below the poverty line. Do not use the value of the currency as an excuse here. Investment does not become easy only if the value of the currency is high, you have to consider the inflation rate of that country.

For investment, you need an income source from which even after meeting your daily needs, there is money left over for investment and building a backup fund, which you will never need. You don't need to buy in bulk, with the DCA method you can increase the size of your portfolio through consistent investment. Currency value is not a threat to investment, inflation may be a bit of a threat. The country where income is high, that country's expenditure is also high.