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jor / Jor
npub103m…d3h5
2024-07-03 15:21:21

jor on Nostr: Couldn't agree more with this concept. I usually tell people to start buying asap, ...

Couldn't agree more with this concept.

I usually tell people to start buying asap, hold on for at least one bitcoin cycle, then reevaluate.

Ten years is obviously preferred but I think that's a big of a reach for people who are still in the fiat (HTP) mindset.
FWIW...

My general recommendation for all who are new to buying #bitcoin is to dollar cost average for a minimum period of ten years, regardless of price.

Don't sell during this time period, unless you are forced to do so.

Having a similar mindset to traditional retirement investing (versus day trading) is quite helpful.

After ten years, reassess the original plan and your options.

Bitcoin has a way of speeding your journey to financial independence!
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npub103m96sra82w4agghew9cdxtzs4s8sl7qsjsvw6h653yml0gjrkzqefd3h5