What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.
The best time to buy Bitcoin is when you first heard about it, just like now that you have known Bitcoin and have seen so many people buying enthusiastically, follow them and do what they are doing and in the future, you will follow them to celebrate. Buying and HODL is not complicated, don't let it confuse you even though I know it is a little tricky for a beginner like you. There is a general approach which you will follow to make it systematic and easy to implement. If you have some money or lets say you are into business or working, simply remove the money you will use for food and other basic things from your income after that you will be left with your discretionary income. From that money, use part of it to invest in Bitcoin and use the other part to set aside as your emergency funds which is money you will use incase you have urgent needs that you did not plan for in your basic needs. You can repeat this process monthly and you will be performing what is called DCA method and you will end up buying Bitcoin at no pressures.
After you have started purchasing your Bitcoin, please don't look to sell when you begin to see profits, your plan should be to accumulate Bitcoin and HODL for as long as 5 to 10 years before you can appraise your Bitcoin worth and then congratulate yourself for job well done. You can even increase the years of holding and then make Bitcoin your retirement plan, just like what I'm doing with my Bitcoin too.
I want to agree with you on this. The best time to invest in Bitcoin is as soon as you know. That is, when someone knows about Bitcoin, it is the best time to invest. Because as time goes by, you will fall behind others. To invest, you must spend your earned money correctly and in a planned manner. In that case, the monthly income can be divided into three parts.
Again, a very advantageous method in Bitcoin is the DCA method. In this method, you can keep your mentality steady without getting upset if the price increases or decreases. Another big advantage of investing in Bitcoin in this method is that it can be started at any number.
Along with this, it is necessary to set up your mentality for the long term. If you invest using these strategies, it will be easy to gain financial freedom in the future.