Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Rustam Meraj
on 04/09/2025, 04:28:53 UTC
Everything is important here, to maintain Bitcoin investment effectively, patience, long-term mindset, stable income sources, discretionary income, emergency funds, reserve funds, everything is needed, and you need to have the right knowledge about Bitcoin, so that you do not panic during times of instability. But here everything has to be achieved step by step, that is, you have to get everything together and then start investing, there is no such thing as it.

If we think about the initial stage, that is, what is needed first to start investing in Bitcoin, you need to gain general knowledge about Bitcoin, have a long-term mindset, and arrange a certain amount of money that you can deposit Bitcoin through DCA on a weekly or monthly basis, this is enough to start investing.

And then you can prepare everything step by step over time, like creating an emergency fund is the most important thing, it is necessary to prepare an emergency fund within two to three months after starting investing, and yes, of course, you must maintain a long-term mindset as well as keep your source of income stable, because you have to maintain consistency here, if you do not have a stable income, then you will not be able to maintain the continuity of your investments, and to maintain this consistency, you have to prepare a sustainable income, and invest in Bitcoin only through discretionary income, so that your Bitcoin holdings are not damaged under any circumstances.
Your advice on Bitcoin investing is excellent because it focuses on smart step by step approach. You correctly point out that you do not need perfect financial situation to start. Instead of this you can begin with basic understanding of Bitcoin long term mindset and small and regular investment using Dollar Cost Averaging DCA. Key part of your strategy is using only discretionary income and having stable job which helps you avoid making emotional panicked decisions. And it is also good to build emergency fund soon after you start investing because this shows focus on whole financial health.