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.

A low-income earner can also invest in Bitcoin, but it should not be done by putting all their savings at once. In fact, even a high-income earner should avoid investing all their income in Bitcoin. The simple and most comfortable way, especially for someone with a low income, is to use the DCA method. With DCA, you buy Bitcoin either weekly or monthly, depending on the amount you set aside for continuous investment. At the same time, investment should be done with discretionary income, money you have left after paying your other needs, so you won’t be forced to sell your holdings in difficult times.

That would depend on a few things like marital status, your age, financial stability, amount of savings, where the market is currently in the cycle, and a few more "concerns". But typically, if you have at least six months worth of expenses saved in your bank account, then you could invest the rest of your income.

But if you're single, with no responsibilities, and you see that Bitcoin's price is touching or under the 200-Weekly SMA, then it would be irresponsible NOT to withdraw all of your savings to buy Bitcoin.

Yes there are scenarios here that we can look at, and this situations can actually be understandable where we have to look at our financial situation, and then consider how to approach the market, it could also depend if we have a different plans for the money, but if you should ask me if I have some money saved in the bank and I don’t have any use for that money and just all in the name of savings, I would prefer to withdraw all my money and invest it into Bitcoin, because bank will not give me any interest for saving my money, and my money will be at risk of getting hacked, considering that I have a job doing that I’m handle and I still do have my discretionary income as well to always accumulate on gradual process, and I could also think of invest the saved money portion by portion maybe on a weekly or monthly basis, I think that is the best thing to do instead of my money wallowing in the bank, I think we can possibly consider how much money that is and even married or single we could easily consider our options because it’s a future investment.