Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Antotena
on 14/04/2025, 21:47:17 UTC
In terms of finances everyone can't and would never be equal so I don't expect everyone to invest equally, for instance cause Saylor or some investor you take as a mentor does the lumpsum or invest daily doesn't mean you should do same when your income doesn't allow you to, Bitcoin investment is done according to one's income and those earning little shouldn't be greedy regardless.
 Infact it would be very foolish to accumulate aggressively against once income, every strategy an investor uses should be according to their income at that moment then they can decide to increase the amount they invest with as the income they generate gets bigger with time, being to greedy comes with it's own disadvantage.
Akin to the saying that excess of everything is bad,  this also logically applies to Bitcoin investment, I know that it's good to try to increase your stash of Bitcoin as much as possible, but let it not be done at the detriment of your ability to finance your daily lives, that's why you must cut your coat according to your size, invest only what you can do away with for a very long time, not an amount that will compel you to temper with your holdings later.
And not saying that investing aggressively is bad, no, it's only bad if you don't have the leverage to do so, because if you do so when you can't afford it, it would be just a matter of time before you temper with your holdings.

When you do a background check on people and why they sell their Bitcoin after having an initial plan on holding is because they never plan very well to balance their finances and the Bitcoin they are holding. There is nothing absolutely wrong with holding Bitcoin, you can sell your house if you wish but not when you will be going around looking to a place where to place your head to pass the night, the probability of selling the Bitcoin later is highly possible.

People like CZ, the co founder of Binance sold his house in 2014, all of his other investments into Bitcoin when it was trading around $600 and today Bitcoin is trading at $100k and yet, he hasn't sold any of his Bitcoin and despite the fact that he has stepped down as the CEO of the exchange, I can say he his doing well enough earning well from Binance, the exchange was found later, this is how you do a proper investment.

Take a risk and locked into Bitcoin, don't look back and don't check what is happening around the market, this will he a set back if you do. If you can maneuver this and be patient  enough you will enjoy the fruit of been the patient guy but then again, learn to have other stream of income so you don't end up selling the only thing you are holding with all your life.