Quote from: avp2306 on Today at 07:48:24 AM

Quote from: NewRanger on Today at 07:38:10 AM

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Correction always happen that's why we always need to look at this situation and don't play around since we think bitcoin will continue to pump.

Corrections do not "always" happen in the way that you are describing, yet each of us should always be prepared (psychologically and financially) for corrections to happen whether they end up happening or not.

Quote from: avp2306 on Today at 07:48:24 AM

If we do that for sure we regret these since for sure there's so many fuds will scatter and might we get affected with those situation.

Yes.. .We do not want to prepare for only one direction, even though ONLY 1 direction might end up happening, but we are prepared for either.

One thing about preparing for UP, an overwhelming majority of the persons of the world are not even close to sufficiently/adequately prepared for UP, so any of us who prepare for UP are going to be way more advantaged over them, and we are also going to be advantaged because we are prepared for both up and for down, and many of the persons of the world are also not prepared for down because they are not prepared to buy BTC when (or if) the BTC price goes down.. so there is one thing of being prepared to HODL through the down, but there is even a greater bonus to be prepared to buy on the way down (if it goes down), and to have some ideas before the downs happen, at which price points we are going to buy how much BTC... so preparing for UP and for DOWN does better prepare you for UP, too.

Quote from: avp2306 on Today at 07:48:24 AM

But for sure over the time we are trading we can learn a lot base on our experiences

Hopefully if we are trying to accumulate BTC, we are not so dumb as to engage in trading (and/or gambling) tactics because an overwhelming majority of people will be better off to engage in more strict forms of BTC accumulation that includes various kinds of buying of BTC to accumulate more BTC, and selling BTC to accumulate BTC is not a very good practice for the overwhelming number of normal people of the world... in other words trading is a specialized practice and not advisable to do.. especially for beginners to bitcoin, and maybe ONLY once you establish your BTC stash after several years and maybe ONLY less than 10 % of the size of your BTC stash.

Quote from: avp2306 on Today at 07:48:24 AM

then for sure we can choose whether we do DCA or do long term HODL since we are well equip with knowledge we get thru our experiences in the market.

DCA and long term HODL go together, but surely anyone is free to sell their BTC at any time that they like, even if selling their BTC might not be a good idea in terms of longer term kinds of financial preparations.

Quote from: Winterfrost on Today at 08:49:44 AM

When bitcoin started gaining big rise, Investors would wait for the price to go down and when it does they go all in the market. And back then the price was more affordable when the price has not exceed $10,000. A lot of persons where doing lump sum. Now the price is way high for a regular citizen to afford to buy once this is why the DCA method is adopted by many.

Price is relative, so I doubt that BTC price is too high to perform lump sum or other tactics such as buying on dips, even though DCA can help to mitigate some of the affects of lump sum buying and/or buying on dips if the BTC price moves against what you expect, so if you buy on the dip or lump sum buy and the BTC price goes down, then DCA can help to mitigate the price exposure from having had chosen to engage in such lump sum purchasing of BTC.

Just to let you know, there are likely going to be folks who are new to bitcoin who are going to be buying a lot of BTC, and they are going to want to get exposure quickly rather than over an extended period of time, which is one of the advantages that lump sum (and buying on dip - if the dips happen) can have over the DCA approach to BTC buying.

Even if the BTC price went up 50% to 60% in less than 2 months, that still does not necessarily mean that BTC prices are currently high. Also, recall BTC prices went up around 3x from their November 2021 bottom, so in about 2 years, but even now, as I type this post, BTC prices are ONLY right around 42% above the 200-week moving average (which is currently $29,634), which is hardly high prices, even if we might end up getting a BTC price correction... but we might not.. There are no guarantees... Historically the BTC price has gotten between 5x to 16x higher than the 200-week moving average, so surely the higher that the BTC price gets above the 200-week moving average, the more we might start to sense that the BTC price is frothy and due for a correction.. and on the short term basis, such corrections may or may not end up happening.

Quote from: Patrol69 on Today at 09:26:08 AM

Quote from: NewRanger on Today at 07:38:10 AM

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If we keep money in the bank, there is a possibility that the bank will go bankrupt and if the bank goes bankrupt, we will be burdened with debt as soon as we save money in the bank, why do we invest in it? It seems to me now that investing in Bitcoin is much safer than keeping money in the bank if you can store your investment in a good wallet.
I am keeping money in the bank and the bank is doing business with my money so what is my profit there.

Instead of keeping money with others, you should invest yourself and create a great chance of profit by investing. We all love to save and keep money in the bank but many have different opinions when it comes to investing.
Honestly now I don't trust the bank so I invest the remaining money in bitcoins and I consider this investment as savings and a way to get big profits in the long run.

All the money from my signature campaign is invested and I spend part of the money I get from my job for my family and the rest I invest in bitcoin consistently. Prior to consistent investment and DCA method I used to save some money in bank but now along with consistent bitcoin investment I have decided to invest the amount of money I have in bank and it will be a good decision for me. I earned the money hard so I don't want to lose that money by keeping it in the bank.

I would consider that there is nothing wrong with keeping a certain amount of money in the bank, including some of your cash reserves, and especially if you have expenses in fiat, then maybe some (or all) of your emergency fund might be in a bank or in several banks or even other kinds of places in which you can access if you need that money.

Emergency funds should not be in your various investments, but instead various forms of fiat. Of course, if you get so rich that you have 20-30 times or more of your annual expenses in various investments, then it becomes less critical regarding how well you protect your investments with an emergency fund, but newbie investors need to have an emergency fund to protect their investments, otherwise they could spend 3-10 years investing, and then not getting anywhere because they have to sell their investments at a time that is not of their own choosing because they failed/refused to maintain an adequate emergency fund.

People invest because your money is not likely going to be keeping up with inflation if you are keeping it in various fiat forms, but it still does not mean that you should not be keeping some money in various fiat forms.. even though you are going to get your growth (or even your abilities to keep up with inflation and the degradation of various kinds of fiat) through investing in assets and bitcoin is likely to be a good one (if not the best one) of the choices of where to put extra money.