Re: Buy the DIP, and HODL!

But for those business owners that have just started the business, and haven't reached ROI yet, you should merely concentrate on the business. Bitcoin will merely be a distraction. But if the business has reached ROI and has paid for the money loaned to start the business, THEN use some of the business' profit to save and HODL in Bitcoin.

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

Quote from: Wind_FURY on March 21, 2025, 03:02:40 PM

Plus for those people who want to start a business merely because they "don't want to work for someone else", I believe you should think about it carefully before leaving your job. It's harder to start and boot-strap an actual business than working for someone else.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

I wouldn't love to start my bitcoin long-term investment like that since it's like trading and not investing. This is because you don't know what the future has for bitcoin and it's not good to invest in bitcoin with funds that's not your discretionary income that you can do away with. Investing in bitcoin is not a business that you are taking a loan to invest in for 5 years and expect to sell back to pay your loan.

You will remain sleepless night throughout that five years without rest of mind and whenever bitcoin price dips, you will panic. Infact, your blood pressure will be high. It's better I start my bitcoin investment with as low as $10 and keep my bitcoin accumulation ongoing, regularly with consistent and persistent for that 4-10 years and above. Look for a means to increase my income so that i can invest aggressively than going through the loan way. I mustn't buy 1 full bitcoin or see bitcoin as a way to make profits.

Quote from: Cossyblack on Today at 09:22:41 AM

I kind of disagree with you that Lump Sum Strategy can be used by every one,I don't find your words convincing enough because Lump Sum Strategy is mainly used by the Rich because it's requires an investor putting a very huge sum funds into his Bitcoin investment at once and this kind of strategy cannot work and be used by everyone Except for the high income Earners.

Don't get it twisted, lump sum is open to all whether rich investors or poor investors as long as it is from your extra funds. The difference is that a rich man has the capacity to lump sum with higher amount than a man with a low income and also has the opportunity to lump sum in various times than the low income investor. The reason why I said that a low income investors can also lump sum is that, he can be given bonus at work or traveling allowances for representing his company in a meeting. There is also christmas bonus, that he can use to lump sum if he wants.

For example, my weekly DCA is $50, and is ongoing. I was lucky to be given a bonus of $200 at work to motivate me. I can decide to use $100 or $150 to buy bitcoin right away regardless of the price. What I did was a lump sum buy. I must not have $1000 to buy right away before you say that's lump sum.