Post
Topic
Board Speculation
Merits 4 from 2 users
Re: Buy Buy Buy or Sell Sell Sell?
by
ChocolateBitcoinK
on 01/07/2025, 16:46:56 UTC
⭐ Merited by Olatundespo (2) ,Muba20 (2)
Yes, besides that, most rich people always have insurance, be it health insurance, vehicle insurance, or others. That way, they will not have difficulty when facing an emergency situation. So their investment in bitcoin will definitely be quite smooth because of this aspect. But even so, for people who are categorized as not yet rich, never give up on being able to successfully invest in bitcoin. Because basically if we have the will there will definitely be a way that we can take no matter how difficult it is. Because basically, many rich people today also started their careers from scratch. Therefore, for bitcoin investors who are currently still in the middle category in terms of their finances, never give up on continuing to do DCA in bitcoin. Because I am sure that if we are able to consistently do DCA in bitcoin within a period of 10-15 years, I am sure our financial situation will be much better. And as JJG said, we have to be able to manage everything well, especially when we invest in bitcoin.

What most poor people don't understand is that they can't get very rich through Bitcoin and enjoy those benefits but what it takes is patience, poor people should allow desperation force them to make wrong choices, there's no harm in starting small and growing gradually till it get bigger and better, at first they'll have to adapt to their level of income then on the long run they'll definitely enjoy those benefits the rich enjoy through insurance.

 Patience is a virtue and many poor people lack it that's why they choose the path of quick gains forgetting that one won't always be lucky. Bitcoin has already assured every class of investor the path to wealth or more wealth if they follow it diligently with a good strategy which is the DCA so there's no excuse, everything is just about determination and a poor person is determined to be wealthy in future then being patient shouldn't be an issue.
I agree with you, the biggest problem of a poor person is that, they always think about making profit quickly and they do not have long-term patience, but they should understand that if you want to get something good, you must be patient, big success never comes overnight, and the same is true for Bitcoin, Bitcoin is a long-term currency so you should never expect to make short-term profits from Bitcoin.

When people understand the real power of Bitcoin, then they will be able to decide to hold it for the long term, they should think about Bitcoin consistently, leaving aside all kinds of short-term thoughts, DCA is the right decision, no matter that how much low or whatever your income, those who consistently do DCA in small amounts, if they can hold it for the long term, they will also get very good results, completely remove the thought of short-term price volatility from your mind, short-term volatility is the nature of Bitcoin, so it cannot be ignored in any way and it is never a big problem.

But those who get frustrated by this volatility and panic and sell their holdings, they will only face losses every time, and will only be disappointed. So first build your financial discipline, have a strong source of income along with proper financial management, and invest consistently through DCA and decide to hold it for the long term. Long-term patience is never difficult, all you need is real faith in Bitcoin and proper financial management, it is definitely possible to build a strong financial foundation in the long term.