Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Barikui1
on 30/04/2025, 08:09:35 UTC
I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.
Finance, income, jobs are very uncertain and you can not know what will happen with your jobs and income in future. If you have jobs, continue with them and don't quit your jobs and go full time on Bitcoin. It's very risky when you are only in your finnacial and wealth building progress.

Many discussions about it
Will you quit your day job to go full time on bitcoin?
Is It advisable to quit my present job for bitcoin?
Don't ever quit your job to trade crypto.
Job Vs Bitcoin.
It would be very myopic for an investor to quit his job just because he invested in Bitcoin, so what's going to be paying his bills till his Bitcoin investment get mature?

Because to the best of my knowledge, anyone that have no source of income has no business investing in Bitcoin because he needs to cater for his basic needs, and if he can't do that, he can't buy and accumulate Bitcoin consistently, and secondly, once that person in question quit his job and he has no other source of income, it would be just a matter of time before he or she sell off his holdings just to take care of his basic needs, so it would be a very terrible idea for an individual to quit his job just because he invested in Bitcoin, he doesn't know that the salary coming in from the job is what's going to be fueling the Bitcoin investment and make it increase in unit if he keeps on buying weekly or monthly from his paycheck once it comes.

Lastly, we all know that Bitcoin is not a get rich quick scheme, it would take years of investment and holding resiliently to be able to achieve something great, so if someone quit his job, his Bitcoin that he has already accumulated will be the only means he will survive from, so selling it will be inevitable, so in my own opinion, it would actually be a terrible idea to quit your job because you invest in Bitcoin, remember that Bitcoin investment is not a means of income that pays you weekly or monthly, so what's going to be paying the bills?