Re: Buy the DIP, and HODL!

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

so you build an emergency fund to invest, on the other hand,

No you do not necessarily need to build out your emergency fund before investing into bitcoin, as long as you can identify that you have discretionary income present, you can build out your emergency fund alongside you bitcoin accumulation until it is up to at least three months' worth of your living expenses after then you can channel the funds meant for it into your bitcoin accumulation to increase your aggressiveness until you have a real emergency and uses it up or parts of it and there comes the need to rebuild it again.

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you can use the DCA strategy to meet the basic needs of your family and bring forward your small investment. Do it because it is good and effective for you.

No again, DCA strategy is employed in your bitcoin investment and not your family needs, this is because in DCA strategy, you are required to be buying as much bitcoin as possible consistently, but in your family you need to settle all expenses before you can identify to have some discretionary income which you would eventually keep investing into bitcoin using the DCA strategy.