Re: Buy the DIP, and HODL!

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.

Are you for real? So you believe that an individual can not survive when something like 20% of his income is removed?

There are people who cannot survive because they are having a very low income, just as there are people who doesn't have discretionary income from their pay, while there are some that their income is hardly enough, yet if the person is willing to be a Bitcoin investor, then he has to work around his finances to be able to earn more in order to service his needs first and use the remainder(discretionary income) to start and follow-up his investment journey while building his backup funds alongside it to have a fruitful investment period.

If the investor doesn't have spare funds and forces himself to invest from very limited resources, it tends to become a problem for him when the needs he ignored becomes more pressing and he has to leech off his investment for survival. Every potential investor needs to take inventory of themselves before starting to know how much discretionary income available to them and how aggressive they can be without overdoing it in their accumulation journey.