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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 102052 times)
inearth
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November 29, 2024, 02:53:11 PM
 #2281

That is why is always advisable to have emergency funds where you can easily access monies that you want for any urgency, not deeping your hands into your investment. however I feel some persons don't have the psychology of investment when it comes to Bitcoin especially during the early stages, as they see Bitcoin as one of those avenues they could put money after a little growth for a period of time they collect their capital and interest, not knowing that you have to be patient and see Bitcoin as an asset driven venture just like any other asset you have that grows in value over time.
I also agree, many investors look at investing in Bitcoin as a way to make short term profits, which is the first mistake a new investor makes. Bitcoin should be considered as a long-term asset, because in the short-term Bitcoin rises a lot, but it grows slowly over time, and this is something a new investor must understand, because newbies invest in Bitcoin with the intention of getting rich quickly, so they Many times losses are to be faced. Therefore, anyone who wants to invest in an asset like Bitcoin, must have a long-term perspective of 9-10 years. And keep a good eye on the financial situation, and have a good source of income, so that there is no shortage of funds in an emergency.
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November 29, 2024, 03:15:18 PM
 #2282

That is why is always advisable to have emergency funds where you can easily access monies that you want for any urgency, not deeping your hands into your investment. however I feel some persons don't have the psychology of investment when it comes to Bitcoin especially during the early stages, as they see Bitcoin as one of those avenues they could put money after a little growth for a period of time they collect their capital and interest, not knowing that you have to be patient and see Bitcoin as an asset driven venture just like any other asset you have that grows in value over time.
I also agree, many investors look at investing in Bitcoin as a way to make short term profits, which is the first mistake a new investor makes. Bitcoin should be considered as a long-term asset, because in the short-term Bitcoin rises a lot, but it grows slowly over time, and this is something a new investor must understand, because newbies invest in Bitcoin with the intention of getting rich quickly, so they Many times losses are to be faced. Therefore, anyone who wants to invest in an asset like Bitcoin, must have a long-term perspective of 9-10 years. And keep a good eye on the financial situation, and have a good source of income, so that there is no shortage of funds in an emergency.
Is not because bitcoin price rises a lot in short term that makes it risky but because the price moves up and down without anyone knowing the direction that it would move to. It bevomed risky if you invest in a short-term because you can run at loss or sell without being able to buy back, because the price has pump above your selling price.

Long-term investment limit the risk in bitcoin volatile nature and gives you a long time to build and grow your bitcoin portfolio overtime without stressing yourself, so that you can have a good size of bitcoin in future, and make good profit from it since bitcoin is an asset that is still growing.

R


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bitzizzix
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November 29, 2024, 03:31:56 PM
 #2283

Quote
Bitcoin is still the way it is, by the way when is selling one's Bitcoin now becomes a wrong thing to do if you have accumulated enough Bitcoin and you wish to start selling there's nothing wrong with that, there are people who has accumulated enough Bitcoin and they now sell and use the money for there weekly or monthly expenses.
Yea you are right, it's never a wrong thing to do, but it's a terrible decision making right now, especially in this time and value of Bitcoin that it's still in it early days, you might argue that anyone is entitled to sell his or her asset what ever and when ever he pleases, yes it's true, but not at the detriment of living with a regret the rest of your life.

We are still in the early days of Bitcoin, and with the kind of potential it possesses, it has the capacity of going up to a million dollar in the future, so if you sold yours now, how will you feel if Bitcoin later went up to a million dollar?
It's left for you to answer.

Then lastly, how much impact do you think by selling off your Bitcoin holdings now would be on your finances?
Can it change your financial status forever?  If yes, then it's worth it, but if No, then it's not worth it.
Our decision making is what defines and separate the rich and the poor.
Yes, I agree with you, the future potential of Bitcoin is such that it can permanently change the financial situation of a Bitcoin investor, yes, at this time almost all of us know that Bitcoin has the potential to become $1m in the future, and it will happen at some point.
Our decisions determine our future. Those who did not believe in Bitcoin and walked away from Bitcoin 4 or 6 years ago, are regretting it a lot right now. And in the same way, those who will walk away from Bitcoin without believing in Bitcoin, will regret it a lot when Bitcoin reaches $1M, and will be tearing their hair out, because it was a life-changing opportunity for them.
Anyway, that opportunity is not gone yet, so take advantage of the opportunity while you still have time, because once this opportunity is missed, you will have to spend the rest of your life regretting it, and you will never be able to forgive yourself for not believing in Bitcoin.
Some time ago I heard a story of a man who committed suicide on seeing Bitcoin where it is and he felt he sold way too early and this is simply because he never believed much about Bitcoin, he killed himself with a written note left behind for his family where he made it clear that there could be no other way he can make it as big as what he has missed except through Bitcoin, he gave up on life and killed himself out of guit and regret, i know how painful this could be but I know it doesn't worth killing oneself, most times it becomes very hard to forgive yourselves when we make certain decisions and regret later, surely there must be a strong foundation based on a personal believe for anyone to hold Bitcoin over a long time.

One great thing about bitcoin is that it open to anyone around the world, and if we had not invested earlier than we can start to invest now with an amount that we consider to be reasonable in accordance with our circumstances.  

Sure it might take 4-10 years or longer to build our bitcoin holdings up to a significant size and to start to feel that we are starting to make progress, yet one of the good things is that we are still early to bitcoin even though investments still have a tendency to take time even if we might be investing in a prudent way, yet at the same time persistently, consistently, ongoingly and perhaps even in an aggressive way with the prudent bounds of our own finances and psychology.

So, anyone feeling like a low coiner or a no coiner, get started and invest regularly and perhaps 4-10 years or more down the road you can reassess to figure out how much your ongoing investment into bitcoin might have had helped you to potentially have more options as compared with if you had not been investing into bitcoin.

Not everyone can be saved by outside circumstances, so in that regard, it can be beneficial to identify a great investment like bitcoin and then to figure out some ways that we can help ourselves to get a better place with the passage of time and ongoing, persistent and consistent buying actions.

Am always proud saying this because am enjoying the beauty of it, I had no knowledge about Bitcoin until late last year December when I joined the forum, the little that I know today about the potential that Bitcoin holds all started here, I came in when Bitcoin was around $40k, $45k, the tremendous and massive wider spread adoption and increments in value in my very eye is nothing that I can joke with, perhaps I wouldn't want to be among those old stories of those who knew Bitcoin earlier and failed to maximize the benefits of identifying such great assets class like Bitcoin. Surely, Bitcoin still has a long way to go and of course I know patient is all we have gat to establish our belief system.


You enter or get involved with Bitcoin at a price of 40K-45K if I'm not mistaken it will happen in 2022 around March or April and if you buy Bitcoin at that price then you have already made a profit of 2x the price.

And that means you have only been running it for 3 years because we are almost approaching 2025 and that is enough time for you to know that Bitcoin really provides extraordinary benefits in the long term and that will be your motivation to continue holding and also continue to collect more Bitcoin by doing DCA so that you can get much greater profits in the future and that is truly an extraordinary beauty that must be utilized to the fullest.

And for the issue of growth or adoption of Bitcoin, there is no need to doubt it because its traces will never stop and this is what we must know very well that the adoption of Bitcoin cannot be stopped which will continue to make the price of Bitcoin rise which will never stop.
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November 29, 2024, 04:02:06 PM
 #2284


You enter or get involved with Bitcoin at a price of 40K-45K if I'm not mistaken it will happen in 2022 around March or April and if you buy Bitcoin at that price then you have already made a profit of 2x the price.

And that means you have only been running it for 3 years because we are almost approaching 2025 and that is enough time for you to know that Bitcoin really provides extraordinary benefits in the long term and that will be your motivation to continue holding and also continue to collect more Bitcoin by doing DCA so that you can get much greater profits in the future and that is truly an extraordinary beauty that must be utilized to the fullest.

No it's not 2022, it should be 2023 after the FTX bankruptcy
Around 2022, Bitcoin closed around $16K qnd $17K.
It was during the year 2023 we saw a bounce back better than the price of 2022.
Well you can't really tell his profit maybe he had been engaging in DCA ever since that would increase the returns and also increase the average price bought.


Edited. .
All investments have their risks and holding Bitcoin long term helps spread the risk across
Making it quite negligible.
Besides isn't quite volatile like many insinuate
There are S&P 500 index that are way volatile than Bitcoin.

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GIF-JOBS
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November 29, 2024, 04:03:21 PM
 #2285

That is why is always advisable to have emergency funds where you can easily access monies that you want for any urgency, not deeping your hands into your investment. however I feel some persons don't have the psychology of investment when it comes to Bitcoin especially during the early stages, as they see Bitcoin as one of those avenues they could put money after a little growth for a period of time they collect their capital and interest, not knowing that you have to be patient and see Bitcoin as an asset driven venture just like any other asset you have that grows in value over time.
I also agree, many investors look at investing in Bitcoin as a way to make short term profits, which is the first mistake a new investor makes. Bitcoin should be considered as a long-term asset, because in the short-term Bitcoin rises a lot, but it grows slowly over time, and this is something a new investor must understand, because newbies invest in Bitcoin with the intention of getting rich quickly, so they Many times losses are to be faced. Therefore, anyone who wants to invest in an asset like Bitcoin, must have a long-term perspective of 9-10 years. And keep a good eye on the financial situation, and have a good source of income, so that there is no shortage of funds in an emergency.
Is not because bitcoin price rises a lot in short term that makes it risky but because the price moves up and down without anyone knowing the direction that it would move to. It bevomed risky if you invest in a short-term because you can run at loss or sell without being able to buy back, because the price has pump above your selling price.

Long-term investment limit the risk in bitcoin volatile nature and gives you a long time to build and grow your bitcoin portfolio overtime without stressing yourself, so that you can have a good size of bitcoin in future, and make good profit from it since bitcoin is an asset that is still growing.
In fact, no one can determine which direction Bitcoin's price will move in the short term, the market situation can go in any direction at any time.

Suppose you bought Bitcoin for short-term holding when it was worth 90K, for example, you invested to hold it for 1 year. Now after 1 year, the price of Bitcoin can be 60K, that is, your purchase price is 90K, when you sell it after 1 year, the price is 60K, then the sale price is much lower than your purchase price, that is, you will suffer a big loss at that time.

But if you invest in Bitcoin using DCA for a long time, there will be no risk, but you will be able to make a better profit, just like if we calculate that if an investor has been investing only $20 per week in Bitcoin through DCA for 5 years ago, what will be his profit now:



Then his total investment would be $5,220, and by investing $5,220, his current portfolio would be $15,614, meaning he has already made a profit of 199.13%.

Usually we know long-term investment as a long period of 8-10 years or more, so those who have been investing in DCA for the past 5 years or more, think about how much profit they are going to make in the next 5 years.

So those who invest in DCA for the long term will definitely be able to make a good profit. So if you are patient and invest for the long term, you will definitely achieve life-changing success.











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bitzizzix
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November 29, 2024, 04:42:42 PM
 #2286


You enter or get involved with Bitcoin at a price of 40K-45K if I'm not mistaken it will happen in 2022 around March or April and if you buy Bitcoin at that price then you have already made a profit of 2x the price.

And that means you have only been running it for 3 years because we are almost approaching 2025 and that is enough time for you to know that Bitcoin really provides extraordinary benefits in the long term and that will be your motivation to continue holding and also continue to collect more Bitcoin by doing DCA so that you can get much greater profits in the future and that is truly an extraordinary beauty that must be utilized to the fullest.

No it's not 2022, it should be 2023 after the FTX bankruptcy
Around 2022, Bitcoin closed around $16K qnd $17K.
It was during the year 2023 we saw a bounce back better than the price of 2022.
Well you can't really tell his profit maybe he had been engaging in DCA ever since that would increase the returns and also increase the average price bought.

Yes, you are right. Before I wrote, I did some research and Bitcoin price in 2023 is 40K-45K, and in 2023 Bitcoin price starts from 16K. And after some price and also some news missed, Bitcoin price ends at 42K in 2023.

Thanks for correcting it, and it was my mistake while typing and I didn't try to check it again after posting.
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November 29, 2024, 05:57:49 PM
 #2287

I share a similar thing in the buy dip and hold thread where a guy who sold his 1,700 BTC at $0.30 per bitcoin, and when bitcoin increased to $8 per bitcoin, the guy regrets selling his 1,700 BTC at $0.30. Surely so many people who were not patient in holding their bitcoin for a long time missed the opportunity of gaining financial freedom through bitcoin investment, and when they see what bitcoin has accomplished, they always regret their actions of selling too early. We are opportune to see how people who sold their bitcoin too early are living in regret, so whatever the temptation could be, we should not be moved into selling our bitcoin for short-term profit.
That is why is always advisable to have emergency funds where you can easily access monies that you want for any urgency,

I believe the person @Mayor of ogba was emphasising on that sold his 1,700 btc for $0.3 did not sell his Bitcoin because of lack of emergency funds, is either he has a very low conviction on Bitcoin or he was pushed by the profit and if they check very well they could possibly discover other persons who even sold more quantity of Bitcoin than he did, though if most people of those days had understand the strategy people are using today on Bitcoin things would have been very different for them, if I'm to be in there shoe I would actually be scared of looking at Bitcoin price now because the emotion will be too overwhelming, so actually there mistakes should be a lesson for us to no what to do.

 
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November 29, 2024, 09:57:02 PM
 #2288




Then his total investment would be $5,220, and by investing $5,220, his current portfolio would be $15,614, meaning he has already made a profit of 199.13%.

I don't know how come up with that figure but Using https://costavg.com/ you can see the results of profit made by 5 years ago investment.



So surely by now the investor would have up to $23k total in his portfolio which $17.8k would have been the profit instead of $15k. %340.70 instead of %199  according to the current exchange of 1 BTC=$97k. Even though this doesn't really matter but just want to draw to your notice that the profit is higher than your assumption.

R


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November 30, 2024, 01:19:44 PM
 #2289

That is why is always advisable to have emergency funds where you can easily access monies that you want for any urgency, not deeping your hands into your investment. however I feel some persons don't have the psychology of investment when it comes to Bitcoin especially during the early stages, as they see Bitcoin as one of those avenues they could put money after a little growth for a period of time they collect their capital and interest, not knowing that you have to be patient and see Bitcoin as an asset driven venture just like any other asset you have that grows in value over time.
I also agree, many investors look at investing in Bitcoin as a way to make short term profits, which is the first mistake a new investor makes. Bitcoin should be considered as a long-term asset, because in the short-term Bitcoin rises a lot, but it grows slowly over time, and this is something a new investor must understand, because newbies invest in Bitcoin with the intention of getting rich quickly, so they Many times losses are to be faced. Therefore, anyone who wants to invest in an asset like Bitcoin, must have a long-term perspective of 9-10 years. And keep a good eye on the financial situation, and have a good source of income, so that there is no shortage of funds in an emergency.
Many new investors in bitcoin have thoughts like that, so in essence this is no longer strange. However, in my opinion, at a stage like this, there are some bitcoin investors who give up without learning, but there are also those who dig up information and are also on the right track in investing in bitcoin. So I mean there are quite a lot of beginner investors like this who finally realize their mistakes and learn about bitcoin investment properly. However, there are also those who give up and do not continue investing in bitcoin because they experience losses (due to panic seeing the fall in the price of bitcoin and immediately selling it). But that is the reality that is happening right now and I think this is a valuable lesson for all of us. Because people who see Bitcoin as an investment asset that can get quick profits will definitely not have a smooth journey in their investment.

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December 01, 2024, 07:58:05 AM
 #2290


Many new investors in bitcoin have thoughts like that, so in essence this is no longer strange. However, in my opinion, at a stage like this, there are some bitcoin investors who give up without learning, but there are also those who dig up information and are also on the right track in investing in bitcoin. So I mean there are quite a lot of beginner investors like this who finally realize their mistakes and learn about bitcoin investment properly.

Those who are basically in the dark about learning about Bitcoin will basically be afraid to invest in Bitcoin. Now those who will give up Bitcoin are basically living with stupid donkeys, Bitcoin is ruling the world and big companies are still in the right mindset of investing in Bitcoin. If you notice, you will see that the more we gain knowledge about Bitcoin at present, the more we will be able to bring success in Bitcoin holding. Because all the people who have invested in Bitcoin are basically very wise and can hold Bitcoin correctly by adopting the right strategy, so we must learn and come up with ideas about Bitcoin.



However, there are also those who give up and do not continue investing in bitcoin because they experience losses (due to panic seeing the fall in the price of bitcoin and immediately selling it). But that is the reality that is happening right now and I think this is a valuable lesson for all of us. Because people who see Bitcoin as an investment asset that can get quick profits will definitely not have a smooth journey in their investment.

I have presented such information about Bitcoin investment before, that you can't look at the MicroStrategy company, they are now buying Bitcoin in the current market. Michael Saylor has invested in Bitcoin three to four times (approximate) in November, I think they are buying deep and are following the DCA method regularly. All these companies should be followed to reach the peak of success, because if they are not afraid to invest in Bitcoin, then why should we ordinary Bitcoin investors be afraid?

I do not see any sign of fear in Bitcoin investment, because at present we are in the middle of the bull run because we think that Bitcoin will continue to rise properly until 2025. However, Bitcoin should be held in a long-term manner, and of course it is possible to become self-sufficient if you follow all these rules.

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December 01, 2024, 09:21:30 AM
 #2291


Many new investors in bitcoin have thoughts like that, so in essence this is no longer strange. However, in my opinion, at a stage like this, there are some bitcoin investors who give up without learning, but there are also those who dig up information and are also on the right track in investing in bitcoin. So I mean there are quite a lot of beginner investors like this who finally realize their mistakes and learn about bitcoin investment properly.

Those who are basically in the dark about learning about Bitcoin will basically be afraid to invest in Bitcoin. Now those who will give up Bitcoin are basically living with stupid donkeys, Bitcoin is ruling the world and big companies are still in the right mindset of investing in Bitcoin. If you notice, you will see that the more we gain knowledge about Bitcoin at present, the more we will be able to bring success in Bitcoin holding. Because all the people who have invested in Bitcoin are basically very wise and can hold Bitcoin correctly by adopting the right strategy, so we must learn and come up with ideas about Bitcoin.

Sometimes ignorance of things they don't know what makes people so evasive on things they discover. And to bad for them to missed out bitcoin before and even now since we really see that bitcoin always create a history and if they still keep ignoring it because they are afraid and call it as scam same as other people thought about it then for sure that there's nothing gonna happen to them.

Bitcoin already prove many things and to many things has been achieve that's why those institutions or famous personalities before who hate bitcoin became a huge bitcoin adopter or accumulator. If those negative thinker people will still not gonna see those facts then I think there's really something wrong with their personality that's why they cannot create certain solid decision on things that can possibly change their life.

We always see the holders are always the winners as other people says so hopefully those negative people will see that grounds to come and grab a chance to adopt bitcoin for possible future gains.

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December 01, 2024, 09:59:17 AM
 #2292

I also agree, many investors look at investing in Bitcoin as a way to make short term profits, which is the first mistake a new investor makes. Bitcoin should be considered as a long-term asset, because in the short-term Bitcoin rises a lot, but it grows slowly over time, and this is something a new investor must understand, because newbies invest in Bitcoin with the intention of getting rich quickly, so they Many times losses are to be faced. Therefore, anyone who wants to invest in an asset like Bitcoin, must have a long-term perspective of 9-10 years. And keep a good eye on the financial situation, and have a good source of income, so that there is no shortage of funds in an emergency.

And after Bitcoin is placed in a long-term investment with the time frame you said, investors themselves can actually seek other benefits through various assets in a way that they can do so that the Bitcoin they save for investment is completely safe without having to be disturbed in the near future. This means that all investors who already like Bitcoin and believe that Bitcoin is very suitable for long-term investment, of course they don't have to be tempted by a slight increase in price because the target itself is not for the short term.

Now I see that there are many investment companies that are still buying Bitcoin at the current price which can be a reference for novice investors to follow these steps. Because they can also find money and profit through other things so that the profit can be used to buy Bitcoin so that the amount of Bitcoin ownership can continue to increase over time.
SuperBitMan
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December 01, 2024, 02:46:52 PM
 #2293


Many new investors in bitcoin have thoughts like that, so in essence this is no longer strange. However, in my opinion, at a stage like this, there are some bitcoin investors who give up without learning, but there are also those who dig up information and are also on the right track in investing in bitcoin. So I mean there are quite a lot of beginner investors like this who finally realize their mistakes and learn about bitcoin investment properly.

Those who are basically in the dark about learning about Bitcoin will basically be afraid to invest in Bitcoin. Now those who will give up Bitcoin are basically living with stupid donkeys, Bitcoin is ruling the world and big companies are still in the right mindset of investing in Bitcoin. If you notice, you will see that the more we gain knowledge about Bitcoin at present, the more we will be able to bring success in Bitcoin holding. Because all the people who have invested in Bitcoin are basically very wise and can hold Bitcoin correctly by adopting the right strategy, so we must learn and come up with ideas about Bitcoin.


Knowing the history of Bitcoin and it's present situation will help you understand you need to keep accumulating and hodling and it will remove fear from you.
If you know how Bitcoin works you don't need to panic, some people who are into Bitcoin investment don't know what is happening around Bitcoin which is very bad and not knowing about these is the reason why some people panic when there's a dip.
Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.

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December 01, 2024, 03:30:51 PM
Merited by JayJuanGee (1)
 #2294

Many new investors in bitcoin have thoughts like that, so in essence this is no longer strange. However, in my opinion, at a stage like this, there are some bitcoin investors who give up without learning, but there are also those who dig up information and are also on the right track in investing in bitcoin. So I mean there are quite a lot of beginner investors like this who finally realize their mistakes and learn about bitcoin investment properly. However, there are also those who give up and do not continue investing in bitcoin because they experience losses (due to panic seeing the fall in the price of bitcoin and immediately selling it). But that is the reality that is happening right now and I think this is a valuable lesson for all of us. Because people who see Bitcoin as an investment asset that can get quick profits will definitely not have a smooth journey in their investment.

The thing is some investors fail to understand that Bitcoin investment has a concept and that concept has to be followed to do things right, that's why many stop half way because of what I see as excuse and inability to learn how to follow up in the system, in Bitcoin investment we have what we call accumulation stage, at this stage nothing should hinder an investor from accumulating with what he can affordbhence he or she is prepared, the price of bitcoin may depreciate but it doesn't mean that it won't rise again so what's the need for one to be looking at the price or even looking his or her portfolio at this stage when such individuals are to utilized such opportunity to keep DCAIng aggressively or even buy in lump sum although an investor can also buy in lump sum anytime as far as the the lump amount is available, though sometimes this things happen as a result of ignorance, some beginers are somuch in a haste to make immediate profit which is why they fail to get it right, this make them to regret later.

The problem with most beginners is that the mindset the came with to Bitcoin investment is not for ong-term stuff as such the feel bad when things go the other way round because of their inability to keep accumulating and hodling for a long-term, those people that loss are more like traders because panic sell is not for Bitcoin investment, why panic when the future is bright for bitcoin, i hope newbies and some old folk keep to the rules of this investment to avoid making some regrettable mistakes.

 
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December 02, 2024, 09:50:11 AM
 #2295


Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.

Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.

adultcrypto
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December 02, 2024, 10:37:53 AM
 #2296

Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.
Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.
The DCA method is indeed a very good way of investing in bitcoin that is highly recommended for everyone irrespective of the income class. It is easy to follow and does not require so many technicalities even as it gives us the freedom to start with whatever we have and grow with time. The DCA method eliminates so many problems people face when investing in bitcoin like knowing when to buy, missing the opportunity of entry and the fear that comes with high volatility. DCA is synonymous to peace of mind when it comes to investing in bitcoin because it offers the investors peace and calmness and makes the investing process automatic. It may appear slow to some people but in reality, it is not actually slow because if you are doing a weekly or monthly DCA, before the first year of consistent investing, you would be happy with how much bitcoin you would have gotten even without feeling any pressures. These are many more are reason I have chosen the DCA method of investing in bitcoin.

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December 02, 2024, 12:13:23 PM
 #2297

Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.
Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.
The DCA method is indeed a very good way of investing in bitcoin that is highly recommended for everyone irrespective of the income class. It is easy to follow and does not require so many technicalities even as it gives us the freedom to start with whatever we have and grow with time. The DCA method eliminates so many problems people face when investing in bitcoin like knowing when to buy, missing the opportunity of entry and the fear that comes with high volatility. DCA is synonymous to peace of mind when it comes to investing in bitcoin because it offers the investors peace and calmness and makes the investing process automatic. It may appear slow to some people but in reality, it is not actually slow because if you are doing a weekly or monthly DCA, before the first year of consistent investing, you would be happy with how much bitcoin you would have gotten even without feeling any pressures. These are many more are reason I have chosen the DCA method of investing in bitcoin.

For many times DCA has been recommended for sure this good indicator for new people that this strategy is the best option to use compare if they try the other thing what they see especially doing trades for their bitcoin.

Some may get afraid for continuously buying even if the market is currently at the top, but if they would understand the point of this strategy for sure they could adopt and continue to use it until they reach their targets. What people need when they use this strategy is sustainable funding's and consistency to accumulate whatever price showing up to them.

If they start to use this method and ready to engage with bitcoin for long term for sure they would enjoy the whole process especially if they meet good discussions about long term bitcoin investment.

R


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sotelorene
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December 02, 2024, 01:29:25 PM
Merited by JayJuanGee (1)
 #2298

Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.
Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.
The DCA method is indeed a very good way of investing in bitcoin that is highly recommended for everyone irrespective of the income class. It is easy to follow and does not require so many technicalities even as it gives us the freedom to start with whatever we have and grow with time. The DCA method eliminates so many problems people face when investing in bitcoin like knowing when to buy, missing the opportunity of entry and the fear that comes with high volatility. DCA is synonymous to peace of mind when it comes to investing in bitcoin because it offers the investors peace and calmness and makes the investing process automatic. It may appear slow to some people but in reality, it is not actually slow because if you are doing a weekly or monthly DCA, before the first year of consistent investing, you would be happy with how much bitcoin you would have gotten even without feeling any pressures. These are many more are reason I have chosen the DCA method of investing in bitcoin.


No doubt DCA method is absolutely the best as it stance now in bitcoin investment. The slow growth of our investment using the DCA method depends on the following;
1. investing or accumulating with small money weekly or monthly, if one is the kind of investor that always invest with a very small amount of money while DCAing definitely your holding will not be big, one can not plant a seed of corn and expect it to grow like you planted two..., but the amazing thing is that there is going to be a return if one hold for long.
2. investing or accumulating with good amount of money; let assume one is investing $2000 or more depending on his or her cashflow every month, if you multiply this by 12 months that is a year you will see this person will be having $24,000 in bitcoin, so you can imagine what this investment will look like in 3-4 years if this investor is consistent and of course is going to be great and interesting but the most important thing is accumulating and holding, if one has a long term mindset the amount one is investing does not really matter so long as you are comfortable and it is convenient, i mean everyone has their own capacity. so whether it seems slow or fast keep on holding.











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xbartoni
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December 02, 2024, 02:17:24 PM
 #2299

Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.
Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.
The DCA method is indeed a very good way of investing in bitcoin that is highly recommended for everyone irrespective of the income class. It is easy to follow and does not require so many technicalities even as it gives us the freedom to start with whatever we have and grow with time. The DCA method eliminates so many problems people face when investing in bitcoin like knowing when to buy, missing the opportunity of entry and the fear that comes with high volatility. DCA is synonymous to peace of mind when it comes to investing in bitcoin because it offers the investors peace and calmness and makes the investing process automatic. It may appear slow to some people but in reality, it is not actually slow because if you are doing a weekly or monthly DCA, before the first year of consistent investing, you would be happy with how much bitcoin you would have gotten even without feeling any pressures. These are many more are reason I have chosen the DCA method of investing in bitcoin.

For many times DCA has been recommended for sure this good indicator for new people that this strategy is the best option to use compare if they try the other thing what they see especially doing trades for their bitcoin.

Some may get afraid for continuously buying even if the market is currently at the top, but if they would understand the point of this strategy for sure they could adopt and continue to use it until they reach their targets. What people need when they use this strategy is sustainable funding's and consistency to accumulate whatever price showing up to them.

If they start to use this method and ready to engage with bitcoin for long term for sure they would enjoy the whole process especially if they meet good discussions about long term bitcoin investment.
I have seen as a newbie that beginners to Bitcoin investing mainly experience more volatility. They tend to buy Bitcoin for a short period of time regardless of the market movements which causes them psychological errors and fear of losing the money they invested. I think if we adopt the DCA approach to investing in Bitcoin, it plays an effective role in investing for the long term rather than focusing on market volatility and short-termism. The Bitcoin investment cycle is 4 years, so we should patiently conduct the investment process for at least 1 to 2 cycles. I think the DCA approach is definitely an effective process for investing in Bitcoin that helps both newbies and senior investors to create a bright start in implementing the long-term process.
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December 02, 2024, 02:18:32 PM
 #2300

Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.
Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.
The DCA method is indeed a very good way of investing in bitcoin that is highly recommended for everyone irrespective of the income class. It is easy to follow and does not require so many technicalities even as it gives us the freedom to start with whatever we have and grow with time. The DCA method eliminates so many problems people face when investing in bitcoin like knowing when to buy, missing the opportunity of entry and the fear that comes with high volatility. DCA is synonymous to peace of mind when it comes to investing in bitcoin because it offers the investors peace and calmness and makes the investing process automatic. It may appear slow to some people but in reality, it is not actually slow because if you are doing a weekly or monthly DCA, before the first year of consistent investing, you would be happy with how much bitcoin you would have gotten even without feeling any pressures. These are many more are reason I have chosen the DCA method of investing in bitcoin.

For many times DCA has been recommended for sure this good indicator for new people that this strategy is the best option to use compare if they try the other thing what they see especially doing trades for their bitcoin.

Some may get afraid for continuously buying even if the market is currently at the top, but if they would understand the point of this strategy for sure they could adopt and continue to use it until they reach their targets. What people need when they use this strategy is sustainable funding's and consistency to accumulate whatever price showing up to them.

If they start to use this method and ready to engage with bitcoin for long term for sure they would enjoy the whole process especially if they meet good discussions about long term bitcoin investment.
DCA strategy is an ideal method for any investor to grow their Bitcoin holdings, not just for beginners also for all kind of peoples. This method recommends depositing Bitcoins regularly and consistently, regardless of the rise or fall of the market index. People from all over the world can tend to deposit Bitcoins and it is a relatively simple strategy that allows people to invest any amount against their discretionary income.

For investors with sure alternative income source implementing the DCA strategy acts as a fuel for them to continue their deposit activities in the long term. Yes, the need for sustainable funds is important which can help an investor reach his overall goals. DCA can be excellent for investors who do not want to miss important market events due to investment fears or the fear of losing capital. Applying this method consistently will result in average UP in your portfolio as a result of buying at different prices, which increases the holdings over time.

Even though the market is currently at its peak, it may be prudent to continue DCA whether you are a newbie or an experienced investor. Here, the market conditions are only a 4-10 year horizon with the improvement period, which is likely to increase until retirement if you have the ability to carry more. With consistent buying, it is recommended to increase the amount of floating cash to keep the possibility of aggressive buying alive, which can be great for an investor.
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