Re: Buy every dip!

I totally agree with you, just imagine an investors doesn't have any discretionary income and the investor start to invest without an emergency fund attached to it, such investor will find it difficult to wait for longer term.

And mostly the newbies that is it coming up with their investment that doesn't have discretionary income, will not be that patient enough to wait for a long term for like 5-20yesrs but with time i know that they will eventually invest in long term because this life one will actually start from somewhere as you can afford believe that you will surely make a changes with respect to time.

To invest is to have income to do so - if you will worry about each part of the investment you put out when you can, it will not end up well.

We just need to invest what we can, when we can - and keep doing it steadily.

That's just the point buddy, just invest what you can afford to lose from your weekly or monthly income then you are good to go, why most Investors are struggling to keep to their investment or keeps on buying regularly is because they are overdoing it more than they can afford, but if it's done with am amount they can do away with and in their own pace, nothing is stopping them from not buying and holding firmly for a very long time.

Your reasoning is right on the money! Always investing only what we can afford to lose is a very good strategy. I have been doing this since my early days in Bitcoin! Obviously after so many years now it should appear to everyone that Bitcoin is a stable and profitable investment in the long run, even when you have periods of downturn! I always wait for the periods when there are dumps to buy as many satoshis as possible according to my needs.

And as most people say, use money that you can afford to lose or bear the loss, meaning you invest using money that will not have a big impact if you experience a loss and that money is money that can be said to be reserve money (discretionary) or remaining money after you prioritize other needs that you consider important and if you use it will not interfere with your budget or financial stability if you lose it and you will also remain calm or normal.

And that is indeed the best way to treat investment, and although Bitcoin is a good investment and will always generate profits especially in the long term method and by using money that you can afford to lose as long as you do it you will not have worries and remain calm but the results will make you feel happy, and you can also increase your discretionary income by increasing your sources of income or income to be able to increase your periodic purchases and continue to use money that you can afford if you think Bitcoin will have a good or profitable impact on you without having to use money that is important when you find the best time to increase purchases such as when the price is down.