2023 is a good time for Bitcoin holders. Since the beginning of November, the Bitcoin price has been slowly improving with only green candles. Currently the price of Bitcoin has reached $44K, so no one should stop holding Bitcoin DCA method because the portfolio has increased. The more bitcoins you hold for longer, the more you will benefit. When you invest in the Bitcoin DCA method at the beginning of 2023, you can see for yourself how much portfolio growth is achieved by investing in Bitcoin by looking at the averages then and now. Invest in Bitcoin at the right time and the future will definitely be bright.
Investing in Bitcoin is always a sound and sensible decision, given that the price of Bitcoin has increased significantly since November, now is not the best time to invest in Bitcoin. We have trusted Bitcoin for a long time and have been investing in Bitcoin with trust in Bitcoin for a long time. When Bitcoin had relatively bad times, invested in Bitcoin during those bad times and invested and held Bitcoin waiting for good times. My plan was that since I would be holding my bitcoins for a long time, a temporary drop in the price of bitcoins is not a big deal. I hired at a time when people weren't talking much about investing in Bitcoin and I've held my investment so far and will continue to do so. I have a plan to hold my investments for a long time and I want to execute that plan 100%. Since I was able to hold on to my investment during the bad times of the market, I think it will be easier for me to hold on to it in the coming days.
Of course, investing in Bitcoin is a long-term investment. I've been holding on to Bitcoin ever since it hit 15.5K in late 2022, and early 2023. And till today I invest in Bitcoin following DCA method 2 times a month. I have been hoarding bitcoins for a long time and it is my dream that I will hoard bitcoins like this for years to come. I have accumulated bitcoins for 13 long months and will continue to accumulate bitcoins for years to come. Because I have seen my wallet improve.
That's why everyone is advised not to sell bitcoins after seeing the wallet improve.
If an investor has a little bit of courage, trust and the tendency to hold on to his investment, then he can definitely hold on to his investment for a long time even if he overcomes a hundred hurdles.
Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.
You can discuss the benefits an investor can get from holding on to their bitcoins, but if you warn someone, they'll think you're convincing them to sell the investment. We usually invest in Bitcoin with the possibility of getting good amount of profit and keep that investment for time but it is not sure that I will get hundred percent profit if I invest in Bitcoin and keep the investment for long time. So you can show great potential without giving 100% guarantee to someone, because if an investor invests, the risk of money will be taken by that investor.
A person willing to invest in Bitcoin must have the ability to accept the risk. As an example myself, I was very scared when I started investing in Bitcoin but now that my current wallet is not scared, I don't mind taking a bigger risk. Because I have found that nothing can be achieved in life without taking risks. Because of which risk is always the key to success. Once the risk is taken it will be possible to improve in the future, as I consider myself somewhat successful by investing for a long 13 months.
But we have more positive points because investing in DCA method, of course, on average, the risk is reduced a lot. So this is the best method to invest in Bitcoin.