Re: Buy the DIP, and HODL!

Also I honestly don’t even see Bitcoin as something risky anymore, not if you come in with the right mindset. It has already proven itself over the years. The main thing now is how smart and disciplined you are with it. It is not really about whether Bitcoin will work, it is now about whether we know how to plan and position ourselves properly.

Don't get carried away buddy, Bitcoin is quite risky, just as every other investment out there, but the risk is very little comparing to most investment, especially when held for a longer duration of time, and it's because of the risk attached to it that is why it is advisable to invest with what you can afford to lose, because we live in a world full of uncertainty, even tomorrow is not promised, so saying that you don't see Bitcoin as something that isn't risky anymore is not proper in my own opinion.

Before investing in Bitcoin, it is better to take the time to make an informed investment decision. It is true that there is risk in Bitcoin investment, but there are several strategies to reduce risk, if you follow them correctly, then the investment risk can be reduced. if you invest in the DCA method, you do not need to wait for the price of Bitcoin to fall, whether the price increases or decreases, the risk is reduced because you are buying Bitcoin in an average ratio, there is no need to invest a large amount of money at once, and the pressure of people is much less. Similarly, long-term investment planning can reduce the risk. If we follow the DCA method, maintain the investment stable for four to five years, invest a certain amount of money every week and wait patiently for the right time, then success can come.

Yes there is no investment that is risk free but in Bitcoin investment when you invest to hold for long term the risk will be reduced and the chances of making a good profit will be increase or higher because profit can only be seen in Bitcoin investment if someone hold for long because Bitcoin is a volatile asset and will fluctuate in a very long time before it will pump and attain a new all time high ( ATH) and for this reason if someone bought for a short term and the market is still fluctuating maybe it went below the stage they bought some people don't mind selling at loss because they will be hopeless because that wasn't what they were expecting so to avoid all these stress and drama it is good to invest for long term.

I think about this a little differently, which is that any investment involves risk. But you have to understand that in fact, there can be both profit and loss in investments. And the possibility of this loss is the risk. Now if you look at Bitcoin's past data, you will understand how safe investing in Bitcoin is compared to investing anywhere else. I'm not saying there is no risk in investing in Bitcoin, but I think the risk is relatively low compared to investments in other sectors. However, two things work in most cases when investing in Bitcoin:
1. If the price goes down, I will invest a lot of money at once.
2. Whether the price goes down or up, I will invest regularly.
I prioritize investing regularly through my discretionary income. Let's say an average person earns $1500 per month. If his monthly expenses, including all his family expenses, are $1000, then from the remaining $500, he can keep some of the money as savings as a flexible fund, and he can invest the rest in Bitcoin regularly. However, the risk he takes will depend on how long he can invest. The longer he can invest, the more profit he can make. You should buy Bitcoin from a regular discretionary income fund for a minimum of 4 to 10 years. Without thinking about whether the price will go down or up over time, he will just buy Bitcoin using the DCA method.

Just think, if someone has been buying Bitcoin regularly since 2015, 10 years later he will be a successful investor. But if he continues this investment, then the longer it goes on, the more profitable he will be. We can understand for ourselves that this is indeed a proven fact by looking at the state of Bitcoin today. The chart below shows where Bitcoin could be in the next 10 years.

Source https://charts.bitbo.io/price/

THE MORE YOU HODL FOR LONGER TIME YOU WILL GET MORE PROFT.