Quote from: imamusma on March 13, 2023, 06:12:48 PM

Quote from: bangjoe on March 12, 2023, 05:25:56 PM

We have seen that a few years ago, lots of crypto companies or others have influenced the price of bitcoin so that it plunged more than what we imagined at every moment and even reached the lowest price. regret when we listen to FUD that bitcoin will die when it crashes like last year when ftx crashed many people ran from the market because of that incident. the thing that makes me proud even though the amount of bitcoins I bought was not that much but buying in the $15k area is always medicine when there is a decline at a higher price.

The fact is that the market can never avoid volatility, so make sure you only invest what you can afford to lose.
When you've been in this space longer than others, then hopefully you've found the right way to understand how the market works in the long term. FUD is of course bad if you think it is, but otherwise FUD is an opportunity you never expected to buy bitcoin at low price.

Yes I did that, using money I could afford to lose and not to use in the short term. I save value in bitcoins from the side of my budget needs and emergency fund, so you don't have to worry.
As far as I pay attention to the market and discuss it, I dare say that I quite understand the sentimental market. I have my own term in the DCA and HODL Bitcoin strategy, namely "I eat blood, I see green".

Quote from: imamusma on March 13, 2023, 06:12:48 PM

Quote from: bangjoe on March 12, 2023, 05:25:56 PM

I don't feel hopeless even though lately bitcoin has fallen quite extreme, even though last month's DCA I was at $24k but it doesn't make me panic because I still have the bitcoin that I bought at $15k and I plan to keep the bitcoin, and to become history the luckiest in my life.

DCA is working for those of you who need time to save budget or perhaps have doubts about the potential for the next price drop. But if you're willing to hold bitcoin on a longer time frame, then I guess lump sum is fine too.

Yes Lump sum would be fine for Hodl in the long run and I'm not denying it, but the mental attack from panicking because I've put money into bitcoin at one time, might make me sleep and eat uneasy if the market goes down. worse than the purchase price, therefore I prefer DCA as an alternative to buying Bitcoin besides that we have the opportunity to get DIP prices when using the DCA strategy.