Re: Buy the DIP, and HODL!

Another important thing is that the investment is largely risk-free and you should invest the amount that you can afford to lose.

This statement from you is confusing.

Bitcoin is not risk free.

The advise about investing an amount that you "can afford to lose" is advice given to show that the investment (including an investment in bitcoin) could go to zero, so when you invest, you are choosing to invest into bitcoin from extra money that you have, and you are aware that you could lose up to 100% of your investment amount.

I think I understand what you mean. I actually meant to say that Bitcoin is a safe investment where investors can be safe and risk free compared to other investments if they are inclined to save for the long term. What you are suggesting is to accumulate Bitcoin from excess/discretionary income and have a long term savings period which can be 4-10 years or more.
If an investor does Bitcoin in this way he will be financially risk free that is what I meant. Investment is risk free from the point of view where one uses his money to the extent that he could have spent extra/discretionary income. We mostly know that the value of Bitcoin will never go to zero but as an investor we should be prepared to refrain from using all our assets in investments or not being overly emotional. Saving in proportion to income and accumulating Bitcoin for many years. Having a large amount of backup fund and not missing the bearish season Bitcoin lump sum event.

You are actually right but the fact that Bitcoin is a very nice asset and has potential doesn't mean it is risk free, in fact no investment is risk free but rather the risk in Bitcoin is very minimal compare to other investment because since you are investing for long term and off course using what you can afford to let go. The small risk I'm talking about include; exposing of seed phrase and some other I can't be able to remember now. But the interesting part about Bitcoin is that even if you don't have enough money before you can start investing so long as you have set up your discretionary, reserve and emergency funds there's no need to stress yourself because with these your investment will run very smoothly unless there's a change in the above mention.

"RISK FREE", but in what time frame? ZOOM OUT to the maximum, HODL! and have a LOWER time-preference, LONGER time-horizon.

Many people after three cycles will call us "lucky" without thinking what mental insanity, STRESS, AND ANXIETY we HODLers have gone through. BUT, I will still tell them, "Yeah, I merely sort of got lucky".

Cool