Quote from: ginsan on October 31, 2023, 09:43:20 PM

Quote from: Dunamisx on October 31, 2023, 03:14:08 PM

If we are investing in bitcoin, we can use any possible strategy to accumulate out asset base on how we find it convenient and suitable for our best practice, some are going on trading in while some are investing on a long time basis, it is also very important that we should consider ourselves first before others when making decision on what to invest, when to invest and also how to make the Investment, this also means that we don't have to wait on others move before knowing what to do.

Every of our actions on investment should be under the understanding of what we are in for and not because others are doing same and we are joining the crowd, we must have a personal perception before starting.

The wisest strategy at the moment is DCA as has been stated by many friends in this thread, where they are more interested in accumulating Bitcoin gradually with the DCA strategy. As You said, of course there are no very meaningful points because it looks quite confusing because you say that the goal of investing in Bitcoin depends on your own stance, but you don't convey any points in detail about the strategy you have implemented. I mean, to be a good consideration in choosing a strategy that they can use.

Of course everyone here has their own desires because they want to invest in Bitcoin, whether for the long term, such as the next 5 years or also in the short term, 1 year. Everyone starts with their own cycle of financial strength where some start with $10 by buying regularly over a long period of time. And on the previous page there is also someone who uses 30% of their monthly income to invest in Bitcoin.

Choosing Bitcoin is definitely a good decision for bitcoin investment. But before investing in Bitcoin, an investor should know why they need to invest in Bitcoin. An investor will be inspired to collect bitcoins when he is able to acquire a basic knowledge of bitcoins. We provide long-term advice for investing in bitcoins. There is risk in investing but it is comparatively less risky for those who invest for long term. Moreover, since long-term investments are encouraged in Bitcoin, if an investor can use the DCA strategy regularly, they will certainly be able to build a large portfolio of Bitcoins through long-term holdings.

It is also a good idea if someone uses a large amount to buy for the long term, but by doing DCA, on the one hand, you do not have to spend a large amount of money, on the other hand, you can move forward in the direction of Bitcoin accumulation in the long term. Moreover, by following Bitcoin price volatility, an investor can get the advantages to buy low price.