Quote from: barisbilgili on Today at 09:36:43 AM

Quote from: Mayor of ogba on Today at 07:46:40 AM

Quote

It is people that don't understand the potential of bitcoin that will think that inesting in bitcoin for a long term is a waste of time. I am having more confident on bitcoin now as I am seeing how the price of bitcoin is increasing within the twinkle of an eye and this makes me to be proud that I took a bold step to start my bitcoin investment when the price was 25k+.

I am coming up with a new strategy that I can use to accumulate bitcoin because my regular DCA method is still what I am using, but is like I might consider to stop and hodli, when the price surges higher than 35k with the 10% that I am using or maybe reduce it. This is my first experience in the market and I am learning a lot from it.

Bitcoin must outperform stock because of its volatine nature and the price of bitcoin will keep pumping till infinity, unlike stock.

I agree with you on this mate, people who sold their Bitcoin because there was a drop in Bitcoin price and they could not get rich within the time frame they gave themselves on Bitcoin will regret their actions now because Bitcoin has increased in price in the past few days. That is why it is always good to have a good understanding of Bitcoin so that you will know that Bitcoin is not a get-rich-quick scheme so that whenever you are ready to invest in Bitcoin you will know you are in for a long term hodl before the real profit will come. The knowledge you gain in Bitcoin will guide you to adopt a DCA strategy in accumulating your Bitcoin, and will also protect you from the volatility part of Bitcoin.

For some people who sell their Bitcoin because they panic about the falling price, of course they don't know very well how to make a profit from Bitcoin. By having a good understanding of Bitcoin, of course they will be able to benefit from Bitcoin and of course they have an understanding of how to get it and how to profit from Bitcoin. Yes, the DCA strategy is very good for those who have the desire to be able to collect Bitcoins slowly and of course they do it consistently so they can enjoy the profits from what they do.

But for some people, even though they have a very good understanding of Bitcoin, its value proposition, how it works technically, its incentive structure, its ETHOS, they STILL sell in panic. Why? Human Emotions. To tell everyone the truth, I almost sold in panic too. But my cold-storage set up stops me everytime.

Cool

I literally have an offline computer storing all of my Bitcoins purchased from 2018 and 2019, and moving them them gets very, complicated. It stops me from making an impulsive decision.