In my opinion, those who think it's too late to invest in bitcoin are those who intend to get rich quickly with bitcoin, they want to become rich with little capital like early investors did it. So I think introducing the DCA method to these people will not be effective. I mean, first they need to better understand bitcoin, the potential of bitcoin and the benefits of bitcoin for us...Once they still do not know the real benefits of bitcoin, telling them to invest or accumulate bitcoin will not be effective for them.
OP or people who are still thinking of getting rich quick from bitcoin, what they need first is basic knowledge about bitcoin, because according to what OP is saying, I believe he doesn't even have the knowledge yet about bitcoin let alone DCA.
OP or people who are still thinking of getting rich quick from bitcoin, what they need first is basic knowledge about bitcoin, because according to what OP is saying, I believe he doesn't even have the knowledge yet about bitcoin let alone DCA.
There is no shortcut to success. It need continuous effort over a period of time. It is important to understand that Bitcoin is not a scheme where you invest one day and other day you get profit. Those who don't have info about DCA must get themselves familiar with it as quickly as possible. Since that's a trusted strategy that can give you good profit.
in retrospect, it will be irrelevant whether you bought Bitcoin at $40000, $35000 or $45000
what will be relevant is having Bitcoin. no matter how much - the only thing that is needed at the beginning is time to get to grips with it.
just my 2 satoshis
happy holidays!
what will be relevant is having Bitcoin. no matter how much - the only thing that is needed at the beginning is time to get to grips with it.
just my 2 satoshis
happy holidays!
That's the point which most people are missing. Last December Bitcoin was down and out at 16k and today its at 43k. All this happen in just a span of one year. If you carefully invest your capital then its never too late to buy Bitcoin.
Happy Holidays to all Bitcoiners.