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Quote from: Hewlet on November 01, 2023, 07:24:17 PM

the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.

Everyone can collect Bitcoin in whatever amount they want and they also have to understand how to collect it in order to get a profit from the investment they make. Those who have a good understanding of how to gain profits from Bitcoin will certainly try to get it with the various strategies they use.

Quote from: rachael9385 on November 01, 2023, 07:37:04 PM

With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.

Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make.

In addition, technical analysis is likely to be the basis of a trading approach as well because a trade always presents the potential for profit at least twice the potential for losing money. The Bitcoin market never closes, so if money never sleeps then Bitcoin is the purest form of money.

Yes.It is not necessary to identify market trends because trend formations are not obvious in the early stages.

You are deviating from investing and talking about trading. Bitcoin investment don't need any technical analysis because what you should do as a beginner, is just to buy your bitcoin, hodli and keep on accumulating more bitcoin through DCA regularly. Trading is the opposite to investment, this is because a trader is not ready to take time to grow his bitcoin investment portfolio for a very long period of time, rather they prefer to find all means to sell their bitcoin that would have given them a good amount of profit of they have hodli. It is easy to invest and your profit will be certain in the long term. The volatile nature of bitcoin makes it profitable for long term investors and makes short term investors to miss out due to greed. I will like you to see bitcoin long term investment as a pratical action of you only putting little part of money in your saving box everytime that you get paid, and continue with this action for 10yrs. You will be surprised with how much that you have gathered over the long period of time. It is this same way that investing in bitcoin for a long term is. You don't care about whatever anyone is saying but you are always buying bitcoin when you have money.

The best of it that makes bitcoin invest worth investing is that your money that you were keeping inside your saving box will not bring you any profit but just the exact amount that you were putting there, but bitcoin investment will increase and multiply your portfolio based on how much that you have saved altogether and the timeline. Isn't it a great means to get good profits for just keeping your savings in bitcoin. I was surprised this morning when I saw bitcoin price at 35+ and when I checked my bitcoin investment, I saw the profit that it has accumulated because since I started my bitcoin journey, I have seen this price. I just sat on my bed and was laughing and happy to continue accumulating and hodli because it was like magic and I decided to call bitcoin magic money. If you haven't bought yet, it is not too late as there is still big opportunity for you to make good profit if you buy now and hodli with DCA because bitcoin is real and no need to panic about the risk involved in it because the profit is bigger than the risk when you are a hodler. If you are a trader, you should stop trading and benefit from bitcoin by investing and keeping your bitcoin for a very long time. This is because bitcoin price will pump till infinity and bitcoin sold has a very slim chance of getting it back at that price that you bought it initially.

Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly.
Analysis is all about trading and other stuff that are related to trading, so if an investor is accumulating Bitcoin then there is no need for the investor to divert to Bitcoin trading, why? Because the investor will not have time to hold his/her coins anymore, more especially when the person is getting little profits from it