Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 21/05/2025, 16:26:53 UTC
[edited out]
You’re right about your illustrations especially as it concerns the reality of life because In as much as the future optimism is high, we must not also forget about the reality of life as an investor. Poor cash flow management practices is one thing that is capable of ruining one’s financial life be it business or investments. Bitcoin investment is a long term strategy and at such it needs to be given the adequate attention and time,and also follow it up with the right strategies. that’s mostly why as an investor you need to have a source of income coming in either monthly, weekly or daily and even if you have this steady income source, without having the right mentality or the right financial management skill, there’s every tendency that your investment is going to crash even before time. You don’t have to venture into bitcoin investment with a quick profit making mindset because you’ll so be disappointed, but with the long term strategy of accumulating and holding, it will surely pay off. Bitcoin Investment is not a gamble where your chances are 50-50, and since it’s based on chance and those chances are created by some outcomes which are beyond your control. But In bitcoin investment you just need to have the right approach and mindset, even though both of them involved risk, but with the right strategy of investing in long term, that is continuous and consistent accumulation and holding for the long term, with informed decision. It will certainly pay off in the long run.

With bitcoin investment and cashflow management practices, we should be striving to be prudent, even if we might also be trying to be aggressive in our bitcoin accumulation through buying techniques, within the areas that we can control. There are areas outside of our control, yet we can still attempt  to learn about areas outside of our control so that we are financially and psychologically prepared for a variety of scenarios, including extreme scenarios.