Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Gallar
on 13/03/2025, 08:32:48 UTC
⭐ Merited by JayJuanGee (1)
Using one's emergency fund to accumulate or buy Bitcoin is just like going to commit suicide because definitely you won't go any far in the investment. Anyone who uses his or her emergency funds to invest, the volatility of Bitcoin will humble the investor because that is not the right way to invest in Bitcoin. I advise people to stay clear from anything they know they that can not do well because it will be pointless to invest in Bitcoin today and before two months time you are already planning on how to sell your Bitcoin, Bitcoin investment is not running so we should not be in a rush that will make us regret later thereby making Bitcoin look like a scam because that's what most persons do after investing wrongly.
It's funny if someone invests in bitcoin using emergency funds. Because in my opinion, that's not the right way to go. Because emergency funds are certainly intended for emergencies and not for investing. So basically if we want to invest in bitcoin but we don't have discretionary income yet, I think we better keep working and look for additional income. So with that, we can have discretionary income. So if you already have discretionary income, then you can invest in bitcoin. Because basically if you want to invest, don't push yourself too hard. So if we are able and have discretionary income, then we can invest in bitcoin. But if you don't have that yet, I think you shouldn't invest yet. Because if you force yourself to invest in bitcoin with emergency funds, it is very risky. So in my opinion, it's better to find additional work so you can get discretionary income. And also keep in mind that the discretionary income that we must have when investing in bitcoin does not have to be large right away, because if you have $ 10, you can immediately invest in bitcoin. And most importantly, we consistently invest in bitcoin even if it's only $10 per week or once every two weeks. Then after bitcoins have been collected quite a lot, only then can they be stored in a personal wallet.