Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 16/05/2025, 03:46:32 UTC
So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy
For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.
I didn't start by that time because it wasn't an easy ride trying to get a steady job that would guarantee me some good cash so I can start and when it comes to consistency I don't think am that consistent too but although I know I haven't and won't touch the little coin I have.

Fair enough that you were not abler to start out aggressively.  For any new investment it might take time to get used to investing and to figure out a plan in terms of your own cashflow considerations.

if you don't have a steady cashflow then you might not really be able to invest into bitcoin aggressively and you likely need to build a back up funds at the same time that you are buying bitcoin.  Hopefully you are able to buy bitcoin persistently, consistently and regularly, even if you might not be able to buy aggressively until you make sure that you have your cashflow in a good place (and back up funds in place).

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

It is not necessarily a bad idea to sell off some assets and then to use those funds to add to your bitcoin position, yet it can take a while to get certain kinds of assets (or property) to settle where you are able to get the cash for it.

Like I have mentioned several times, guys who are ONLY investing 10% of their income into bitcoin are going to take 10 years to invest one year of their income into bitcoin, and that can take a long time to build a bitcoin portfolio at that rate, but if you are ONLY able to invest 10% or even less, then you can ONLY do what you are able to do in terms of making sure that you don't put your own finances and psychology in a bad place... where you end up having to sell some or all of your bitcoin at a time that is not of your own choosing.

So , when any of us invest into bitcoin we are generally considering 4-10 years or longer and the only reasons to have less than a 10 year investment time horizon is based on age and/or health considerations, otherwise you should be attempting to plan and to carry out long term investing into bitcoin and not planning to sell in less than 10 years.

Many folks take 30-40 years or more to build up an investment portfolio, and they might never make it to fuck you status  (which means that you are financially independent and don't need to have a job to sustain yourself). In any event, there are people in bitcoin who have been able to cut their timeline in half and able to reach fuck you status, which is a great accomplishment in itself, yet even with yourself, you might realize that you might need to time to build up your bitcoin investment, and sure if you are able to front load your bitcoin investment in some ways, then you are likely to be advantaged by that (even though an investment in bitcoin is not guaranteed to be successful, even if bitcoin is likely amongst the best of investment (if not the best of investments?) currently available to everyone and anyone around the world as long as they have a discretionary income.