Hello Hive Fam!
I hope your day is going well and that you're having a good time.
Investing is a journey and if you are looking to build wealth then it is very important that we should also have patience because it takes time to build wealth and that's where patience place a very important role. I have been investing on crypto for over a near and so far this investment is not really much profitable however I believe that we just cannot think about making a significant returns on the investment in short term however in the long term things can be really great and that's what I follow with my investing journey.
Recently I started investing on Bitcoin through SIP which is called systematic investment plan and in the language of crypto you can also call it DCA which is known as dollar cost everything but it is not dollar because I am not investing through dollar. Ultimately the fundamental remains the same that I am investing in Bitcoin through a disciplined manner where I will be investing some money every week so it's like weekly investment on the Bitcoin I am doing with a fixed amount and also on the fix interval. This is an experiment which I have started recently and I really don't know how is it going to be but I hope this experiment goes well so I have been tracking it closely to see how things goes forward.
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The methodology of SIP is not a new thing for me because I have been doing it for a very long time in mutual funds and stops but in trip to it is new thing for me which I hope will be kind of same for me because moral less fundamentals are same except the type of assets and overall market sentiments. I have started this investment with a very small amount for now because I want to understand it well and if things look better better on I am going to increase the amount so that a significant amount can be invested on this digital asset.
Crypto is part of my portfolio and I want to increase it further along with other assets which are like traditional investment instruments and I am very much positive about Bitcoin because the kind of revolution it brings is amazing and I can also see that how the world is thinking about this revolutionary asset called Bitcoin which is also known as digital gold.
I have chosen to invest with one of the popular crypto exchange which has good reputation in the market and I hope it continues to be and the exchange is registered and regulated by the relevant authorities so I hope there is nothing to be worried about and all of people have been doing it because I can see on social media people talk about it. So overall it is a new type of experiment or you can call it a journey which I have recently started with the hope that this is going to be good and maybe in the long run I will be able to build some valuable part of my portfolio in this digital currency and obviously my goal is for the long term which is not just a few months or few years but it is even more than that. Thank you.
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