Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Jewan420
on 01/05/2025, 17:43:33 UTC
If a Bitcoin holder wants to invest in the long term, he can certainly do so with a small amount of money, because he has to determine his investment amount depending on his income. But I would like to add something else where if an investor can invest $ 10, if he spends extra money such as sitting in the park, smoking, sitting in the park with his girlfriend, and all the unnecessary expenses or bad habits that cost $ 20, he can add the $ 20 equivalent to the amount saved from here to investing in Bitcoin.
Therefore, if he can invest $ 10 + $ 20, that is, $ 30, weekly, then at the end of the year, he will definitely accumulate $ 360. And if he is able to continue investing in Bitcoin in this way after ten years, he will accumulate $ 3600 in Bitcoin, so long-term investment is the only way to achieve success according to the DCA method.
That someone is investing in Bitcoin doesn't mean the person can not go out and have fun, people can go out on vacation, eat outside once while we can only limit how we spend excessively, it can only become problematic when we do things without remembering that we have our investment to grow, Bitcoin investment is not a burden investment that we can invest without having fun too, bitcon represents freedom we should do it freely too.
If you have a deep knowledge of financial management and are experienced in it, then you must be aware of all the expenses. Peace of mind can be a part of daily needs. To survive in investment, you need to take steps to fulfill this need. Otherwise, you may feel burdened by investment or you may face family problems. Just because you are an investor does not mean that you cannot enjoy holidays with your family or spend money on fun.

You can certainly enjoy holidays or spend money on fun or go to expensive restaurants with your family, but you need to have a proper plan for that. In this case, reserve fund can be a relevant example. Reserve fund can basically be used to purchase essential items for your home or upgrade your necessary devices or go on vacation or for peace of mind. While investing, you need to give equal importance to each thing and make a proper plan for every aspect of life. Investing does not mean that you have to give up everything.