Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Samlucky O
on 20/05/2025, 09:19:58 UTC
⭐ Merited by JayJuanGee (1)
It's important to invest in Bitcoin because if your financial condition after 10 or 15 years is not good despite all the hard work you do in job then it's you who will suffer. This is also a reality that due to high inflation and low pays people are not left with anything to invest in bitcoin. In that case a person must look for alternate ways on how he can earn and invest in Bitcoin. One way is to create an account here and upgrade it to higher ranks and earn through services like escrow services, lending coins and more. There is no excuse for not investing in Bitcoin.  

It is not right to advise or force someone to invest. This can harm you. For example, if you advise someone to invest, if the Bitcoin market falls a few days later and his holdings are losing some money, he may panic and sell his holdings. He will blame you completely for his losses. If someone is willing to invest, then if he comes to you and asks for some advice, then you can present to him the basic knowledge about Bitcoin and the Bitcoin network system. And you can tell him that you can do more research and decide.

Those who have low salaries can continue to buy using the DCA method if they want. You can continue to buy on a weekly or monthly basis
Buying Bitcoin and hold for a longer term will certainly give a good profit ,that is why is alway advisable to invest for long timeline , so when hard works and job fails your investment will help you out.
Surely I agree with you that investment is good for a long time horizon to make profit there after, but I don't agree with you in the statement you've made, that when hard work fails, your investment will bail you out. I want you to understand that the reason why you invest in Bitcoin is not to bail you out when any problem arises. Surely it could be that your investment is to solve your problem in the nearest future, but there could be varieties of problem in different magnitude. That is why we have emergency funds, this emergency fund we keep separately will help you to sort or bail yourself out from some emergency problem or some unforseen circumstances that will have lead to using up your Bitcoin investment. there could be reason for Bitcoin investment and it could be for retirement purpose, solving health issues or gifting to the next generation. This could be your major priority for investing into Bitcoin for the long term, and doesn't need any chang of focus or distraction. Anything that leed to selling your Bitcoin to bail you out is a distraction, you you will Totally avoid any distraction. And tis could be done by making sure you always set aside emergency fund each time you invest into Bitcoin or you could be keeping your emergency fund seprate every month as it pleases you sothat when crucial circumstances occours you will be able to bail yourself out from your emergency fund.