Re: Buy the DIP, and HODL!

You should not invest in Bitcoin any money that is allocated for your daily expenses. Invest money from your considered income. Or any money that you will not need in the next 10 years. Or if you have money that you want to keep in the bank, invest that money in Bitcoin. Or if you do not have such money, then keep investing in the DCA strategy with small amounts of money and increase your portfolio. And start investing for the long term.

If you decide to invest the amount which you going to be using for your daily expenses on bitcoin, then you not really ready to start your bitcoin investment journey, because whenever you are in need of money, you will have to go back to your wallet, and sell the bitcoin which you invested in, so to me it’s completely wrong to invest any amount which you know is going to be useful within a short period of time.

Some people don’t really know how bitcoin investment works before investing in bitcoin, immediately they hear about bitcoin, they just want to rush into it, they are just after the amount which they will earn, and they don’t always care to do research before they invest in bitcoin. If you are making investment with the amount which you will be using for your daily needs, then you should know that your investment is only going to be for short term, and you might likely not going to be in profit during that period.

Those who invest their daily expenses in Bitcoin are not real investors; they are newbies who don't understand anything about Bitcoin. Bitcoin is not only about having money; Bitcoin deals with how smart you are to plan your Bitcoin journey in order to succeed without having any problems in the process. Some people intentionally use their daily expenses to buy Bitcoin just because they want to have a large profit at the end, and some people did that because when the price drop and want to use the opportunity to buy Bitcoin, We invest our daily expenses in Bitcoin regardless of how our eyes are drawn to it whenever we need money, which will undoubtedly affect our Bitcoin journey. It is not advisable to use the amount used for daily expenses to invest in Bitcoin, and it is also not required that you buy Bitcoin at one time; you can buy Bitcoin whenever you have the money to invest without worrying about your expenses.

Newbies are ignorant and sometimes barely know the right things to do concerning Bitcoin investment, i said that because it's only ignorance that would make people who call themselves investors use funds outside their discretionary funds to invest on Bitcoin, they might think it's for a good course but on the long run they'll still have to temper with their portfolio since they'll still need to settle daily needs.

One don't have to be too greedy to the point that they'll use funds asides their discretionary for investment, so far you're doing the DCA you'll definitely meet your target as far as you're consistent, real investors would know the right funds to use for investment.

That is the part to which we usually sing that anthem, that Bitcoin investment is not for a quick and get rich scheme and this is one wrong mentality that most newbies come in to Bitcoin investment with and ends up being disappointed after investing money that they might be needing, some learnt and change narrative along the line, Bitcoin is indeed an asset that is best perform when hold for a long term where using money that you might be needing to sorts out your basic needs is absolutely wrong because you need to take care of yourself, stay alive while allowing your asset to grow, it is good to have an effective scale of reference when it comes to funds allocation generally in life as well as in building a Bitcoin investment.