Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ricardo11
on 23/01/2025, 11:09:21 UTC
I think there are no types of investors, whether rich or poor, they are still called investors. To start investing, we only need a regular income that we get from our jobs, the remaining or discretionary income will determine our investment, meaning if discretionary income can be used for investment, then the investor is wise in thinking, but if someone uses discretionary income to gamble, splurge, then he will not be able to change his fate in the future.
Of course in general we all are investors but our financial level varies based on our discretionary income and what we put into Bitcoin whether monthly, weekly, or yearly. That can differentiate the status of investment to be either rich or poor. However, there are those who are extremely poor to start an investment such people are advised to not go into Bitcoin investment even with their passion for it unless they are capable of solving their needs and have more to invest without tampering with their investment in any circumstances that may arise in the future.
First, a Bitcoin investor must invest in Bitcoin with money in excess of their income, in the case of assets like Bitcoin, there is both risk and profit potential, but in the case of long-term DCA investment and holding, the possibility of profit is higher, but to sustain an investment for a long time, financial stability must first be brought, and an emergency fund is also needed.
You should have an adequate emergency fund and invest in DCA regularly with only that amount of money that even if lost, it will not affect your financial stability. If you invest in Bitcoin by following these things well first, it is possible to sustain that investment in the long term.
Bitcoin investment never sees rich or poor, success from Bitcoin comes through consistency, responsibility, and long-term holding, (you can also profit from short-term investments, but the risk is much higher in this case).
Therefore, poverty cannot be a barrier when it comes to Bitcoin investment. Continue investing in DCA with a small amount of money, and gradually build up the emergency/Necessary funds, and keep the DCA uninterrupted for a long time, for this the chances of success are much higher.