To my own knowledge on buy the Dip,and HODL.it has to do with investing buying Bitcoin and keeping it is one part,people feel is just buying Bitcoin and hodl.but on question to ask how patient are you to hodl.your patient might not be the same of mine.so it takes discipline on the highest other.and mind you you don't invest on Bitcoin with you all of what you have,cause you will definitely can not be patient.if am not mistaken I feel with my own experience investing in bitcion.is better you have some other asset to fall to daily,and keep you mind lost out of your bitcion investment.And just stay and observe for as long a you can.
Since bitcoin is a long-term investment, before people invest their money in bitcoin, they should be able to figure out the amount of bitcoin they want to accumulate and how many years they intend to hold their bitcoin so that they will know how they can discipline themselves to accumulate bitcoin in such a way that they can easily hold their bitcoin for the long term without passing through difficult times to do that. It is even advisable for investors to invest in bitcoin with the money they will not need for 4-10 years or more or with the money they can afford to lose so that they will not depend on their bitcoin investment to survive since they won't be using the money that is meant to cover up for their living expenses to invest in bitcoin.
bro this thing you are saying I doubt if any anybody we have any money in hand that they don't need for 4 to 10 years not in this hard economy, what i was expecting you to say is that no matter what you are doing how much one is earning either weekly or monthly they should keep buying bitcoin and hold for long term, for that is the proper way of bitcoin investment.
What if you have $20,000 in hand and you can't afford to lose it in investing in bitcoin and you don't need the money for 4 to 10 years just as you said. what advice are you going advice give to such person, to invest or not to invest?
To me it's not all about investing the money you don't need for 4 to 10 years is how willing are you to take the risk because bitcoin is high risk high return which is 50 50.
You know that bitcoin investment is not risk-free? The reason I said that investors should use the money they will not need for 4-10 years or more is for them not to invest all their money in bitcoin or use the money that's meant to solve their daily expenses and invest in bitcoin, which will likely expose them to selling off their bitcoin during their accumulation journey. If an investor has $20,000 at hand and he or she is not willing to invest the $20,000 into bitcoin, I will advise the investor not to use the $20,000 and invest in bitcoin because the $20,000 is meant to solve the investor's daily expenses, and if he or she uses the $20,000 and invests in bitcoin, he or she will struggle to solve his or her daily expenses, which will give him or her no choice but to sell off his or her bitcoin at a loss to survive. Any money you can't afford to lose, don't invest in bitcoin because that money is meant to solve your daily expenses and not for bitcoin investment.