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Quote from: JayJuanGee on October 01, 2023, 07:34:31 PM

If you are not sure about it, then start with buying $10 per week of bitcoin and get your shit together, figure out your finances and your psychology and if you got it mostly figured out

I know it is as too small to begin But this is me that you mentioned mate, Yeah I started purchasing 10 dollars worth of Bitcoin back in mid of 2017 , and added a increasing amount each week.

but with wrong decisions in life, I got involved in gambling and ending losing all my investments in 2018 and yes , I truly regret those decisions.
But from there of mistake ,Now I can proudly say that I can feel the success in the net bull run.

Well, just take your experience as a learning process. At some point, we all have made one or two mistakes and the best we can do is to take the lessons from those mistake to be able to make better decisions. I remembered being scammed several times in my early days in Bitcoin. As bad as those experiences were, I never allowed them to break me, rather I comforted myself with the notion that nothing good come easily, so I regarded those losses as the school fees I had to pay to learn this amazing technology.

Nevertheless, I expect you will not to treat your Bitcoin investment with this mindset of gambling... trying to get rich quick with little effort. The lessons you learnt from your previous experience should guide you on the important of gradual growth rather than wanting it overnight. The DCA method is one sure way you can achieve this slow but steady growth in your Bitcoin accumulation.

We have to go through constant learning process, there is no alternative especially on bitcoin holding. When it comes to investing, if we invest without having knowledge, we are more likely to lose. Consider ourselves as a learner as much as possible until we reach our desire goal.

DCA helps us make a strong investment at a slow pace and using this strategy even those who have relatively less budgets are able to fulfill a big dream. It is definitely not applicable to those who consider it as gambling or a quick money scheme. This is a strategy suitable only for those who plan to grow their assets over the long term.

I agree with what you said, everyone needs to learn continuously to understand the field they want, whatever it is, investing is not a trivial thing but rather storing assets or shares for a long time to get profits, which is different from saving which can be used for other times. a certain amount of time, and of course DCA is very helpful in this case without the knowledge we have to enter a field it's the same as lying, it's just a waste of time, learn more or less before entering a field, it's not a loss for us to learn anything as long as it's positive and not harm other people.
However, some people who invest for a long period of time break up in the middle of the road and sell it at a cheap price, even with small or large losses. It should be underlined that not everyone can invest for a long period of time. It is not easy to make long-term investments. because it is not free from the risks, only people who have a strong determination invest for the long term, salute people like that, they are able to wait for a long period of time with satisfactory results