Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 21/03/2025, 05:28:22 UTC

 
$10 constant investment will amount to little in the long run and almost a messy way to start up a bitcoin investment, I think also that for anyone to arrive at a successful investment position one needs to be aggressive a bit, at least that will help us to be able to take some aggressive financial decisions that can help us to arrive at a good investment position faster.


Investing a low amount like $10 as mentioned by members sounds like a joke considering Bitcoin's current value.
Well to me I don't really see any thing wrong with that, starting with $10 if that amount is one's discretionary income since it is not advisable to invest money that will be needing for our daily expenses into bitcoin so instead of waiting for our discretionary income to increase while we are a no coiner or a low coiner starting with $10 discretionary income won't be a bad idea.one can be accumulating bitcoin with $10 and at the same time while working on increasing his discretionary income .

To me $10 is very small to be using in Bitcoin investment but it now depends on how an investor is using in accumulating Bitcoin, since $10 in very small to be used I think any investor who still wants to use it should be accumulating in every week at least to make the investment look serious because if an investor chooses to use $10 and he is accumulating monthly then his portfolio will be very poor and not encouraging, just imagine an investor having a total yearly accumulation of $120 is very poor.
Remember, a lot of investors have a shitty income, and they need to take care of their living expenses first before they will use their leftover money or discretionary income to accumulate bitcoin. If $10 is what remains after they have taken care of their living expenses and they decide to accumulate bitcoin with it, there's nothing wrong with their decision, and that is their level of aggressiveness at the moment, but they should work on their finances to be in a position where they can easily increase their accumulation money in the future. You don't know if the person using $10 to accumulate bitcoin has a weekly or monthly income, so telling the person to be accumulating bitcoin every week looks like you are putting pressure on him, and if he follows your advice, he is likely to invest in bitcoin in a way that he will not be able to sort out his daily expenses, which will give him no choice but to sell his bitcoin to survive.