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Olatundespo (OP)
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December 14, 2024, 04:18:01 PM |
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As we grow up it seems that our main goal is the pressure of making money that is taking away a lot of our external and internal mental thoughts. You are living your life in mental anguish all the time. In the morning you have to go to the office in the evening you come home and live with your family and in the morning you are back to the office. In fact almost everyone's work pattern is the same and you may have a hard time finding time to give yourself some leisure time.
When you start thinking positively about saving Bitcoin as a new saver the first thing you need to think about is a safe source of disposable income and for most low-income people saving Bitcoin in the long term can be a lot of imagination. If you are confident in investing it is possible to save any amount from low income to long-term strategies.
From this you have to earn money and save money for the future so some people save in the bank or insurance. I think if you are a low-income entrepreneur holding bitcoin then you should focus on your strategy and try to reduce your extra expenses by setting aside 4-10 years for yourself and at the same time apply pressure on yourself to follow the DCA strategy. As soon as you get salary at the end of the month set aside a fund to meet the daily needs of the family and set aside a % for savings and another % for a backup fund.
If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
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Eternad
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December 14, 2024, 04:23:23 PM |
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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
I will strongly agree if the current price is not at ATH but considering that Bitcoin price correction is brutal if ever history repeats itself then I will consider to wait for correction first before starting this kind of strategy that will give me a better position for my investment. There’s nothing to lose if we will wait since we can always enter on any price or if ever price pump more you didn’t lose money compared if you purchased now and suffer correction. In general, your idea is viable if the entry price is right. DCA is always a very good option but I’m just not confident to do that while the chart shows a big green candle while the current price is still at the top.
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BIT-BENDER
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December 14, 2024, 04:50:13 PM |
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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
Firstly my opinion is that everyone should do their own research first on Bitcoin and from there you can be able to make your next decision. I think there has been so many post like this selling Bitcoin as the Liberator of the people from poverty. Bitcoin doesn't not owe you wealth this is something that should be told to those that aren't yet into Bitcoin. You can save all your income in Bitcoin and lose it to scams or your careless and it's gone for ever their is no organisation or bank that can help you retrieve is especially when you are careless with your Bitcoin wallet. Their are many Bitcoins locked away in wallet that the owners has lost access too. In a nutshell don't only paint Bitcoin as a chest filled with Gold, let people know especially the inexperienced ones some of the dangers they can face and how they can navigate a safe Bitcoin journey.
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john_egbert
Member

Offline
Activity: 476
Merit: 14
This session was never meant to bear fruit.
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December 14, 2024, 04:57:29 PM |
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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
I will strongly agree if the current price is not at ATH but considering that Bitcoin price correction is brutal if ever history repeats itself then I will consider to wait for correction first before starting this kind of strategy that will give me a better position for my investment. There’s nothing to lose if we will wait since we can always enter on any price or if ever price pump more you didn’t lose money compared if you purchased now and suffer correction. In general, your idea is viable if the entry price is right. DCA is always a very good option but I’m just not confident to do that while the chart shows a big green candle while the current price is still at the top. You either buy in lumps no matter what (or after the correction), or you DCA. Both would lead to good results if a person holds long enough and understands how BTC behaves through its cycles.
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hero_the_bossman
Member

Offline
Activity: 448
Merit: 13
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December 14, 2024, 05:14:09 PM |
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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
Firstly my opinion is that everyone should do their own research first on Bitcoin and from there you can be able to make your next decision. I think there has been so many post like this selling Bitcoin as the Liberator of the people from poverty. Bitcoin doesn't not owe you wealth this is something that should be told to those that aren't yet into Bitcoin. You can save all your income in Bitcoin and lose it to scams or your careless and it's gone for ever their is no organisation or bank that can help you retrieve is especially when you are careless with your Bitcoin wallet. Their are many Bitcoins locked away in wallet that the owners has lost access too. In a nutshell don't only paint Bitcoin as a chest filled with Gold, let people know especially the inexperienced ones some of the dangers they can face and how they can navigate a safe Bitcoin journey. Bitcoin is not a magic wand of sorts. It's there for everybody who is willing to put his effort and mind towards the ideas it represents. And it's a long road ahead of everybody who takes a clear path into the BTC community. But it's essential to crave that knowledge in order to understand how you can use BTC in such a way.
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rodskee
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December 14, 2024, 05:20:28 PM |
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Firstly my opinion is that everyone should do their own research first on Bitcoin and from there you can be able to make your next decision. I think there has been so many post like this selling Bitcoin as the Liberator of the people from poverty. Bitcoin doesn't not owe you wealth this is something that should be told to those that aren't yet into Bitcoin.
bitcoin can free you from poverty but it won’t be an easy task nor a given one it will take a lot of time and effort for someone to get out of poverty just from investing in bitcoin and to think that it will be as easy as a snap of a finger is wrong and misleading but nothing wrong in informing others about the possible benefits of bitcoin In a nutshell don't only paint Bitcoin as a chest filled with Gold, let people know especially the inexperienced ones some of the dangers they can face and how they can navigate a safe Bitcoin journey.
bitcoin has risks that only you can mitigate so it all depends on the individual and that’s how it should always be treated
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Outhue
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December 14, 2024, 05:28:49 PM |
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Firstly my opinion is that everyone should do their own research first on Bitcoin and from there you can be able to make your next decision. I think there has been so many post like this selling Bitcoin as the Liberator of the people from poverty. Bitcoin doesn't not owe you wealth this is something that should be told to those that aren't yet into Bitcoin.
bitcoin can free you from poverty but it won’t be an easy task nor a given one it will take a lot of time and effort for someone to get out of poverty just from investing in bitcoin and to think that it will be as easy as a snap of a finger is wrong and misleading but nothing wrong in informing others about the possible benefits of bitcoin In a nutshell don't only paint Bitcoin as a chest filled with Gold, let people know especially the inexperienced ones some of the dangers they can face and how they can navigate a safe Bitcoin journey.
bitcoin has risks that only you can mitigate so it all depends on the individual and that’s how it should always be treated I am currently facing the same situation, it is easier said than done when it comes to investing in Bitcoin, you need a good entry and also a long term holding, many people people that they can buy Bitcoin in January of a year and get rich by December of that same year, this isn't so true. When it comes to investment you need other things going on in your life, keep making money through your job, the hardest thing as a bitcoin investor is holding through the ups and downs before your target is hit, it is not going to be that easy. Bitcoin is nothing but a holding strategy, that's all you need to do.
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hero_the_bossman
Member

Offline
Activity: 448
Merit: 13
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December 14, 2024, 05:28:57 PM |
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bitcoin has risks that only you can mitigate so it all depends on the individual and that’s how it should always be treated
You either understand it or your hands shake for different reasons. That's how I see it. And if you have the skin into BTC due to understanding much about it - you will never have shaky hands on it.
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Stepstowealth
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December 14, 2024, 05:31:01 PM |
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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
Saving cannot make you rich, only investing, this is why I reason that you should say investing, not saving. Anyone saving in bitcoin is actually investing because the value of bitcoin is not fixed, and can increase with time. It is not very easy to stay committed to investing when you have serious economic problems with not enough source of income, but investing in whatever amount you can spare is still advised. Little investments in bitcoin regularly is better than not investing at all.
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Ambatman
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December 14, 2024, 05:37:50 PM |
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I disagree with forcing oneself to investing in Bitcoin. Pressure either breaks or strengthen you I believe life itself has given us much pressure so adding personal pressure because of Bitcoin isn't warranted.
Investing in Bitcoin is not something that's forced It should be done with the want and need not through pressure If you force yourself, you can break when the market dips.
Imo
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cabron
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December 14, 2024, 05:45:48 PM |
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I disagree with forcing oneself to investing in Bitcoin. Pressure either breaks or strengthen you I believe life itself has given us much pressure so adding personal pressure because of Bitcoin isn't warranted.
Investing in Bitcoin is not something that's forced It should be done with the want and need not through pressure If you force yourself, you can break when the market dips.
Imo
If he wants to succeed so much and it motivates him to just save a little money to buy BTC, it's not so impossible to make $200 BTC to go 5x or more when the market keeps the steady bull market. Hearing the advice of the finance guys these days will make you wanna save and invest in Gold and Bitcoin actually if you want to survive what's coming in 2025. They say the inflation could be the most unbearable for someone who just has a 9-5 job. Its best be an investor of some kind as well
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freedomgo
Legendary
Offline
Activity: 3724
Merit: 1253
Contact @yahoo62278 on telegram for marketing
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December 14, 2024, 06:45:09 PM |
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We don't need to force ourselves.. understand what you’re doing so you won’t regret or blame Bitcoin if things don’t go as planned. Many investors have been successful using DCA for the long term, proving it’s a solid strategy worth considering.
Of course, I know life is tough, and we all want to secure our future, but it’s not wise to rely solely on Bitcoin. we have to learn how to diversify our income streams, maybe start a business or find other opportunities. That way, we can grow our resources and invest in Bitcoin consistently without putting all our eggs in one basket.
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milewilda
Legendary
Offline
Activity: 3570
Merit: 1178
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December 14, 2024, 07:58:23 PM |
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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
Firstly my opinion is that everyone should do their own research first on Bitcoin and from there you can be able to make your next decision. I think there has been so many post like this selling Bitcoin as the Liberator of the people from poverty. Bitcoin doesn't not owe you wealth this is something that should be told to those that aren't yet into Bitcoin. You can save all your income in Bitcoin and lose it to scams or your careless and it's gone for ever their is no organisation or bank that can help you retrieve is especially when you are careless with your Bitcoin wallet. Their are many Bitcoins locked away in wallet that the owners has lost access too. In a nutshell don't only paint Bitcoin as a chest filled with Gold, let people know especially the inexperienced ones some of the dangers they can face and how they can navigate a safe Bitcoin journey. Make your own research and you will be able to find out that Bitcoin investment couldnt make you rich not unless if you do make out some significant amount of money that you had invested into it. The wrong thing about other people is that they've been really that believing that Bitcoin could move them up out of poverty on which this is really that very wrong mindset. This isnt how crypto investment works and thats why it is really that a wrong idea on believing into something because it will really be that resulting into bad investment decision because you are expecting on something which cant be possible and that what makes you desperate. Investment decisions does need up that proper approach and analysis but if you do find yourself having that blind kind of belief then you do know that it results into negative.
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ginsan
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December 14, 2024, 08:24:20 PM |
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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
That's great but at the end of the day it's not going to be as easy as you think. Okay we in this case may be able to force ourselves to be able to stay in bitcoin but in the end in the life we are doing now in the end we must realize that investment will only remain a primary need which means you must be able to make good financial management first before actually being in bitcoin and investing in it. The fact is that even though many people want to be in bitcoin but in some conditions they still cannot realize it because indeed investing and forcing to stay in bitcoin by buying DCA is clearly sometimes very difficult for most people whose economy is below average especially with the current global economic conditions that are chaotic. I agree when talking about bitcoin and investing in it will have a potential impact to change our lives in the future, it's just that before thinking about whether we can do that, we have to think about how to manage our finances so that we can support ourselves and the small family we have while trying to set aside some or a few percent of monthly income for bitcoin.
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CryptoHeadlineNews
Legendary
Online
Activity: 1582
Merit: 1001
Want to run a Signature Campaign? Contac: @Hhampuz
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December 14, 2024, 09:32:47 PM |
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bitcoin has risks that only you can mitigate so it all depends on the individual and that’s how it should always be treated
You either understand it or your hands shake for different reasons. That's how I see it. And if you have the skin into BTC due to understanding much about it - you will never have shaky hands on it. And that's a more reason why it's important to get the basic knowledge about what Bitcoin is, how it operate and the safest medium to storing it that has maximum security. Because Bitcoin is an asset anybody can invest in, of which the sweetest part of it is that it has no minimum investment amount. Which is why must times when people claim their lack of funds is the reason why they fail to invest in Bitcoin, I seldom smile, knowing fully well that even with the least $2 to $5, you can confidently be an investor. Hence, Bitcoin will always be the most preferred means of long term investment for the future
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tbct_mt2
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December 15, 2024, 06:01:52 AM |
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When you start thinking positively about saving Bitcoin as a new saver the first thing you need to think about is a safe source of disposable income and for most low-income people saving Bitcoin in the long term can be a lot of imagination. If you are confident in investing it is possible to save any amount from low income to long-term strategies.
If you want to invest, you can save your money from either high or low income for your investment. The investment capital can be big or small depends on your income that is high or low, but if you have intention for investment, you can do it with time. Many people who are rich, miillionaire or billionaire but don't like Bitcoin, don't believe in it, and say no with Bitcoin investment. From this you have to earn money and save money for the future so some people save in the bank or insurance. I think if you are a low-income entrepreneur holding bitcoin then you should focus on your strategy and try to reduce your extra expenses by setting aside 4-10 years for yourself and at the same time apply pressure on yourself to follow the DCA strategy.
DCA with years is very good, and the past says that it brought very high ROI. Futures? I don't know but my belief is ROI for Bitcoin investment will continue as good. https://casebitcoin.com/charts#roi_chartDCA result with last 8 years DCA investment. https://dcabtc.com?sd=2016-12-15&sda=8_years&f=monthly&d=8_years&ac=10000&c=false
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lovesmayfamilis
Legendary
Offline
Activity: 2716
Merit: 5372
✿♥‿♥✿
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December 15, 2024, 07:19:28 AM |
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Creating a reserve fund for yourself is not some discovery. Even before the creation of Bitcoin, many adhered to putting aside ten percent of their earnings; this is how the "American dream" of becoming a millionaire was voiced. In our time, Bitcoin appeared, which created a lot of motivation for investing in it, adding to its profitability over time. Only lazy or stupid people will not take advantage of this opportunity, being young, to invest part of their earnings. We must always consider that everything we sow today, tomorrow will show us by the fruits. If we do not care very much and spend everything we earn, then very soon, the demand may disappear, and a need will appear. OP, you are young and do not hesitate to be better, think about the future, but do not forget about your health.
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bitzizzix
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December 15, 2024, 09:06:35 AM |
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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
That's great but at the end of the day it's not going to be as easy as you think. Okay we in this case may be able to force ourselves to be able to stay in bitcoin but in the end in the life we are doing now in the end we must realize that investment will only remain a primary need which means you must be able to make good financial management first before actually being in bitcoin and investing in it. The fact is that even though many people want to be in bitcoin but in some conditions they still cannot realize it because indeed investing and forcing to stay in bitcoin by buying DCA is clearly sometimes very difficult for most people whose economy is below average especially with the current global economic conditions that are chaotic. I agree when talking about bitcoin and investing in it will have a potential impact to change our lives in the future, it's just that before thinking about whether we can do that, we have to think about how to manage our finances so that we can support ourselves and the small family we have while trying to set aside some or a few percent of monthly income for bitcoin. Yes, although Bitcoin is a good investment for everyone including those with low incomes, because Bitcoin investment has no minimum limit as long as you have the ability and according to your ability and use the money you are able to buy Bitcoin and of course it will provide good benefits and benefits in the long term. But not everything is as easy as you think, even though it sounds very easy and you should not forget your important needs and also provide reserve funds when you really need them, you can use it without involving the Bitcoin you have planned. And all of that can be realized if you are looking for additional work or additional income so that everything can be fulfilled which makes all your plans run well, use or take advantage of the skills you have to make money or ideas and other ways because without you realizing it all of that can show the best way for you and make Bitcoin your motivation to continue trying to find the best way so that everything can run well for your life journey and also your future.
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shield132
Legendary
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Merit: 1050
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December 15, 2024, 10:35:28 AM |
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As we grow up it seems that our main goal is the pressure of making money that is taking away a lot of our external and internal mental thoughts. You are living your life in mental anguish all the time. In the morning you have to go to the office in the evening you come home and live with your family and in the morning you are back to the office. In fact almost everyone's work pattern is the same and you may have a hard time finding time to give yourself some leisure time.
When you start thinking positively about saving Bitcoin as a new saver the first thing you need to think about is a safe source of disposable income and for most low-income people saving Bitcoin in the long term can be a lot of imagination. If you are confident in investing it is possible to save any amount from low income to long-term strategies.
From this you have to earn money and save money for the future so some people save in the bank or insurance. I think if you are a low-income entrepreneur holding bitcoin then you should focus on your strategy and try to reduce your extra expenses by setting aside 4-10 years for yourself and at the same time apply pressure on yourself to follow the DCA strategy. As soon as you get salary at the end of the month set aside a fund to meet the daily needs of the family and set aside a % for savings and another % for a backup fund.
If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.
What is your opinion?
What do you mean by flexible investment? I think that it's best to invest some part of the money in Bitcoin and lock your funds. Then, invest some part of your money in Bitcoin, which you'll sell if you have an emergency case. It's very tough for an average person to invest their money in Bitcoin and not touch it during emergencies because sometimes there are moments when you really need it. So, if you invest some part in locked investment and some part in flexible investment, I think that in the long term, you'll be better this way. Over the years, I built a good discipline to not rush or become a victim of FOMO but despite that, I have one wallet for long-term Bitcoin investment and I use a Bitcoin TimeLock feature, which means that for a specific amount of time, I won't be able to sell my coins, doesn't matter how much I wish but I also have another wallet which I can always use to sell my coins in emergency cases. I do this because I invest a significant portion of my income in Bitcoin, i.e. I risk more than I can afford but gladly I didn't have an emergency case and I haven't touched this wallet yet.
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Sanitough
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December 15, 2024, 11:59:52 AM |
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Sure you hear about many success stories from people investing in Bitcoin, that's why you are inspired to invest as well. However, that doesn’t mean we should be aggressive. It’s important to follow some basic rules as part of risk management, allocate only a certain percentage of your income, definitely not more than 50%, and approach it as a long-term investment using the DCA method.
At first, it might not seem attractive, but over time, as you see your portfolio grow, it becomes inspiring. And in the future, you could cash out with a decent profit.
Keep in mind that the current market situation might change as market corrections are inevitable. When the market enters a correction phase, prices often become undervalued due to some investors selling under the pressure of FUD. That’s when you might consider being more aggressive to take advantage of the lower prices.
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