Re: Buy the DIP, and HODL!

It is very important to have a long-term perspective to invest in Bitcoin, but there are many obstacles that you have to overcome in the long run. I agree with you. If you invest directly without saving for your essential expenses such as food, medical expenses, etc., you may encounter a different reality. Because when you try to avoid these, you may be forced to sell your long-term Bitcoins if you do not have the money when you need it the most. Not only will you be financially damaged, but you may also lose the ability to invest again in the future.

Food is a daily need, for which you do not need to save money, but invest the remaining money after meeting your daily needs and keep it for necessary expenses. Rely on discretionary money for investment, savings or building any fund. If you invest more than your discretionary money or try to save in any fund, you may face big losses.

You need to learn to separate discretionary money, discretionary money is that which is left over after meeting your daily needs and which is unnecessary for you or you will not need it for a long time. Investing with this money will artificially reduce the possibility of financial crisis and will help you to be stable even during market volatility. This stability can be further enhanced when you invest according to your means using the DCA strategy. In addition to investments, keep backup funds ready for emergencies so that you can afford to lose your job or during a major accident or medical expenses and keep the investment fund intact.

Most people don't have that "extra money" that they could invest in bitcoin for the long term. The majority of people around the world are living hand to mouth and they cannot afford to buy bitcoin or a larger portion of it. Even if they save some money, they do not invest in bitcoin because they feel that the amount they will get with that little money will be way less, and therefore they are tempted to buy altcoins.

And we have seen how the altcoin investors are slaughtered in this bull cycle. No matter how much money we have for crypto investment, the majority of it should go into bitcoin investments.

One wrong decision of yours can be the reason for the destruction of your life. Because if you hear the status of a wrong coin from somewhere or lose money in the hope of more profit, then you will also have to pay the price. Currently, Bitcoin is known as the best currency in cryptocurrency. And most of the people in the world who know Bitcoin make their investments in Bitcoin.

Those who invest in altcoins will soon realize how big a mistake they have made.

If you do not have enough money to buy the investment completely, then there is an easy method for you. DCA strategy, through the DCA strategy, you can buy in stages and increase your portfolio very easily. You just have to be patient and invest. Remember that the end is good for the one who has everything good. So even if you want to make the end beautiful, invest in Bitcoin for the long term.

Whether we have less or more money, we should invest in the right way. There is no relationship between less and more money in investing in the right way. Investing in the DCA method is better than investing in any other way. If someone has more income, they will invest more weekly or monthly, and if someone has less income, they will invest less. It will depend on how much money is left as discretionary income after all their necessary expenses. If a person has a lot of income and a lot of money deposited, if he invests in the lump sum method, but later if the price of Bitcoin decreases relatively, he will miss the opportunity to buy Bitcoin at a low price. In this situation, I personally think that if you have a lot of money deposited, then keep that money instantly as an emergency fund and reserve fund. then Investing as aggressively as possible follows DCA. This will help set the monetary policy for long-term investment. And if you invest in lump sum, when you invest a lot of money at once, then when the price of Bitcoin decreases, you become mentally unstable, which does not happen if you invest using the DCA method. And if you want to invest in Bitcoin for a long time, you must be mentally stable. You must be patient and keep yourself stable while investing. The minimum investment period should be mentally fixed at 4 to 10 years and more . If you continue investing in this way, it is definitely possible to create your own security in the future.