Quote from: Roseline492 on October 13, 2023, 10:22:43 PM

@Jay you have really impacted a lot of knowledge on me which has been helping me on my Bitcoin journey I could remember when I came here with a less knowledge about strategies of accumulation using DCA, with this tread I was able understand and add the knowledge I have gathered from here to my existing ones which has been very helpful.

Referring back to your comments, of course is very unwise to uses the money that's meant for other expenses to invest because he is likely going to get into trouble later on because when the need will arise he will be left with no option but to sell off the investment. Perhaps this could be referred as an ignorant investor whom sees a possibility of getting into trouble if taking a certain decision but still went ahead.

For sure @JJG have been of immense help to us and his level of patience is simply out of this world. He has a unique understanding of investment, especially the DCA method, which I have been applying religiously. I can happily say I'm seeing results already and also approaching the future with hope and joy. It actually feels differently knowing that you have something that is like a reserve fund for the future.... that is how I see my accumulated Bitcoin. I'm still buying though.

Quote from: Frankolala on Today at 01:56:53 PM

Quote from: Richbased on October 15, 2023, 10:42:11 PM

The idea of the DCA is very vital to every bitcoin traders as they can easily have full access to their money. Like for instance if an investor makes $2000 then he now invest like like $1200 to purchase bitcoin at the end of day he's still gonna have some amount of money left with him to sort out other needs that he might require so that it will not affect the amount they invested to purchase bitcoins

Bitcoin traders will end up making less or no profit, or run at loss.

There is no single approach to wealth, so I will not agree with you that Bitcoin traders will make less profit or run at loss. Trading under any guise can be very profitable when the skill is mastered and the right approach followed. I have seen some millionaires traders who made fortune trading the forex market as well as Bitcoin through futures trading that is common in many exchanges. Some of them even have a very large quantity of Bitcoin they are holding for the future and that money was made from trading. So, they make profit from trading, use same to buy Bitcoin to save for the future. I'm not making assumptions, I know many of those guys down to their houses.

Quote from: Frankolala on Today at 01:56:53 PM

This is the reason why hodli is better than trading and while you are hodli, you should continue to increase your bitcoin portfolio using DCA strategy.

I don't think it is necessary making this comparison because both have their approach and target and can play complimentary role like I explained before; make profit from trading and hedge it in long term hodl. Don't get me wrong, I'm not encouraging people to go into trading because the risk about so, only those who have mastered the skill should try it else it becomes gambling.