Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Sim_card
on 21/03/2025, 14:18:51 UTC
⭐ Merited by JayJuanGee (1)
There are so many things that is making some people not to buy BTC anytime, when some people have financial issues and it will be difficult for them to be stability in buying BTC on the time because they have other bills they need to settle to make sure there is peace at home. Some feel the dip will allow them to buy plenty of BTC and hodl because they know that the price has drop for those who don't have enough money to use the period to buy as much they want.

When someone is having financial crisis the mistake the person would make is going into Bitcoin investment, it's for the future and not something you'll look up to, to solve current issues, at that point the person is expected to tackle the more pressing issues then look for more source of income before thinking of going into Bitcoin investment else you'll not even last a year while investing on Bitcoin cause most of the profits or even all would be channeled into solving issues.

 That's why it's advised that someone thinking of investment on Bitcoin should already have a steady income that would help superate reserve funds which comprises of the one meant for emergencies from that meant for investment for instance someone earning up to $100 weekly can channel some percentage to investment and the rest as reserve funds that can be used to handle unpredictable situations like emergencies and that of utilities and also funds meant for upkeep.
This is why i say people should understand the concept of what you are investing in first before investing in bitcoin, investing in bitcoin is a long term strategy not an problem solution solver used for financial crises that is why is it advisable before you start investing in bitcoin you need to be financial stabilable first in other to avoid exacerbating financial difficulties, when investing in bitcoin when have any financial crises the first thing that comes to your is to sell part of you accumulated assets which is not advisable to do.



One must not be very financially stable before investing in bitcoin. As long as you have a certain amount you can let go of  for some time ( which we always do) you can invest in bitcoin.
For a financially stable investor, you need to invest using the DCA strategy and always reserve a higher amount to buy during dips.( Buy more during dips -DCA + DIP). Don't always rush to sell, but selling a little fraction during boom and buying even more during dips is not a bad idea. Bitcoin is for the future and this future is not as far away as many think.
From your post, you sound more like a trader than a long-term investor, because a long-term investor is not supposed to sell when the price is high and hoping to buy more at the dip. This practice will kill the long term investment mindset in you because you are more after profit than building your bitcoin investment which shouldn't be so.

A new investor like you who just started his accumulation journey should focus more on building his bitcoin portfolio for 4-10 years and above with buying regularly, consistently, persistently and if opportune aggressively so that in the long run, you will have a good size of bitcoin in future when bitcoin price becomes very expensive.

 However, if you continue buying and selling, you will lose focus and sell more which depreciate your bitcoin portfolio overtime. Say NO to selling as a long-term investor no matter the temptation in the market because there's a bigger picture of bitcoin in future. Don't be short sighted due to little price fluctuation.