Quote from: ShowOff on Today at 06:35:22 PM

Quote from: Popkon6 on Today at 06:58:12 AM

Quote from: ShowOff on September 07, 2023, 07:54:13 PM

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To invest in Bitcoin you must depend on DCA. You can invest monthly and weekly.
Buy Bitcoin at DCA ratio when Bitcoin price is low and save for long term. You save bitcoins monthly or weekly which will later be earned in a whale.
As long as you need to hold Bitcoin carefully because long-term successful journey will get the most performance according to DCA.
DCA is the best way to buy Bitcoin.

Thank you for reminding me about the investment strategy that I have implemented so far. Of course DCA is an investment method or strategy that is worth recommending to anyone, even though DCA is not liked by all investors. I do as much as I can, all for long term goals.

Basically the strategy doesn't benefit investors, it's how they buy, but when you are able to ignore the volatility and hold it for a long period of time until you sell at a higher price, that's what benefits you. This means that good investment management is what will make you successful in generating profits.

Well, we know that holding for the long term is really what matters, so it is not always clear how much management would be necessary at the core, but some of the problems (and maybe challenges) come from having a cashflow that is coming in and the fact that we did not necessarily have a lump sum (or credit that we want to use on bitcoin) that was available to us at earlier dates, so as the money is coming in, we have to decide how are we going to spend it... including that maybe we have $100 to $800 per month that is extra that we can spend on bitcoin, and maybe it largely ends up being less than $100 per week, but at the same time, every once in a while, maybe once or twice per year, we get some kind of an extra lump sum payment of several thousand dollars that maybe we can consider towards investing all of it into bitcoin as a lump sum, or we might want to strategize with it... even though financially it might not be exactly clear if we might be better off just lump summing right way...

and the same is likely true with maintaining our BTC portfolio once we might have reached our accumulation goals, and then we are largely maintaining, but at the same times we are teetering between wanting to accumulate more and wanting to cash some out.