Quote from: peter0425 on Today at 12:04:24 AM

Quote from: Odohu on October 02, 2023, 10:02:31 AM

Quote from: peter0425 on October 02, 2023, 02:26:02 AM

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.

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.

Don't worry I am a New Person now and Gambling is less my priority though still playing some time but just a little as i can afford to lose, and thanks to my Wife that never leave me from my darkest days.

and also thanks to JJG for keep inspiring Bitcoin users/holders with unending advises and worth listening topics.

Quote from: Odohu on October 02, 2023, 10:02:31 AM

Quote from: peter0425 on October 02, 2023, 02:26:02 AM

Hope he will not act like that lol..

but for me , as I keep reading most of your post and still learning more each day , thank you for being so active specially for Bitcoin .

He has been of so much help in the forum.Through him I have learnt the DCA method and other wonderful things including the power of small beginning. There is a saying that "if you following who know the road, you will never be lost"

Well , with His years of experience and Knowledge like what said , there is no hurt in trusting the people you know stands for everyone's benefits, and besides we have nothing to lose because in the end of the day Bitcoin is still our currency to hold.

We still realize that ongoing BTC price performance to the upside is not guaranteed, but if we do not fuck around with the amount that we invest (by using leverage and other forms of extreme risk taking), then the most that we would end up losing in the worse case scenario is 100%.. while at the same time, there seem to be decent chances of BTC prices continuing to gravitate upwardly, there are a variety of upwards scenarios that support BTC price scenarios of 10s, if not 100s, if not 1,000s, of times higher than current BTC prices, so there seems to be some logic to putting value into BTC and taking chances on bets that have decently good upside asymetry, and surely it might be good to be aggressive in terms of investing in bitcoin, yet even if some of us might decide not to be very aggressive, some of the non-aggressive persons will also end up being quite a lot better off by investing into bitcoin as opposed to choosing not to invest in bitcoin.

Think of the guy who started investing in bitcoin with $10 per week at the top of the BTC price market at $1,163 in late 2013. He would have had invested $5,170, and he would have accumulated right around 4.62 BTC. Sure, he might not be rich, but he has more options and he also has a pretty decent amount of value from a pretty low commitment amount.. Of course, the guy who invested 10x that $100 per week would be 10x better off with having had invested nearly $52k and with 46.2 BTC, but the one who invested 10x more may also had to have had struggled more in order to be able to invest that amount of money as compared with the one who had merely invested $10 per week, and so my point is that sometimes even whimpy investing into something like BTC could end up paying off decently well if there is a long enough timeline, and at the same time there are still no guarantees of good or great performance even though the investment thesis for bitcoin does not seem to be getting any weaker.

Quote from: jcojci on Today at 09:36:48 AM

Quote from: Roseline492 on October 25, 2023, 07:17:48 PM

One of the factors that affect most investors is always consistently watching the Bitcoin price movement, however in most cases no matter your intentions of holding watching the price all the time could affect your psychology or emotions that could make you to panic and if not careful it could lead you by selling of your accumulated Bitcoin.

For beginners who just started accumulating Bitcoin using the DCA strategy should be aware of Bitcoin price movement so that they will not be influence to start trading the market because with the potential of Bitcoin this few days price movement will be nothing compared to what is coming.

So let's get started and keep on accumulating with our DCA strategy.

By staying focused on the DCA method, someone will not be too influenced by what is happening in the market. They still invest a certain amount of money every week or month and buy bitcoin, whatever the price on the market. And that's good for them because they don't panic and have no desire to sell their bitcoins. After all, their target is long term.

Beginners who invest in bitcoin using the DCA method do not need to observe the price of bitcoin and they are different from beginners who trade in the market. Those who trade must always observe and pay attention to prices in the market and then analyze them to get time to enter and exit the market.

I think that the earlier you are in your investment, the more difficult it can be to just keep plowing away at ongoing DCA buying, such as $10 per week or $100 per week, whatever might be the chosen amount, and surely it does not get completely easier, but with the passage of time, there likely can develop increasing confidence, such as 4-10 years of DCAing into BTC could have decent potentials to add up to a decent amount of value.

While you are ongoingly and continuing to invest into bitcoin, there are likely needs to get other aspects of your life in order too, and whether you are able to increase your cashflow or to decrease your expenses, you might need to figure out ways to be moderate and maybe even reward yourself from time to time with some levels of consumption, so long as you are not completely depleting your efforts, after several years of investing, you might choose to either shave off some of you investing into bitcoin or maybe just take from other sources of income or cash reserves that you had been building up and reward yourself for your good efforts... but at the same time, you might get yourself into a bad situation if you believe you constantly need to be rewarding yourself, and there are going to be various periods of investing that even in the middle of the investment you start to feel like you need to cash out some because the asset is too volatile for your own psychology.

Whatever you decide to do, it is probably better to plan it out rather than being impulsive, and it seems that buying on the way down and selling on the way up are the better basic ideas to stay ahead of things and let the price come to you rather than reacting.. yet since this thread is about buying strategies, we are mostly trying to consider those kinds of matters rather than the various ways that each of us likely need to make sure that we are keeping our house in good enough order that we are coming to bitcoin with a stable psychology and stable finances, and likely if we create conditions to stabilize our finances, then psychology will likely go along with those kinds of preparations.