Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Tmoonz
on 27/02/2025, 04:08:26 UTC
⭐ Merited by JayJuanGee (1)
we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.
The most important thing is to get started first i will say that investing into Bitcoin doesn't require one to break a bank before this so as long as you have a discretionary income to begin with start immediately then along time line you can start making plans on how you can increase your discretionary income through finding other source of income and also make provision for your emergency fund reserve and float, a city is never built in a day start first accumulate gradually using the DCA strategy and sort out other important and necessary things towards to grow your Bitcoin investment while you are already accumulating Bitcoin.
You are absolutely right, nothing is created in a day or a moment. It takes a certain amount of time to create something. Although I am not a big investor, I still think that one should be a little cautious in long-term investments, especially for people from lower middle class families or low income groups like me. But Bitcoin investment is definitely not an alternative to the DCA method. So I think creating a support fund with investments will be a benefit for low income groups like me, ]so that if they face any unexpected event they do not have to touch or withdraw their Bitcoin funds what I am doing in light of the knowledge gained through this thread, which is constantly helping me increase my mental courage in investing.

It has been said repeatedly and I believe it also worth reminding which can not be overly emphasis for it tremendous benefit are immeasurable towards a successful Bitcoin investment and that's emergency funds, by definition it is meant to be 3 to 6 months worth of our expenses, but while we are accumulating our Bitcoin we can be working towards this direction, the emergency funds is very much important as it will safeguard your investment in the time of emergency which we don't know when it will happen and to what extend, that is while the DCA strategy will allow you to be buying Bitcoin at the time working on your self in various ways of ensuring the good governance of your investment.