Quote from: boty on Today at 07:10:08 AM

Quote from: Ruttoshi on January 06, 2024, 08:35:43 PM

Some people are very funny they have plans to invest in bitcoin but they prefer to speculate and see if they can get to a price of their choice before buying, forgetting that the longer you wait, the less bitcoin you will have in your portfolio. Watching the market is only to discourage you from getting started because you wil think that it is not yet the right time.

It is better to get yourself occupied with accumulating and growing your bitcoin portfolio with DCA method regularly and also think of other method that will help based on your cash inflow, rather than speculating on other investors profit and loss. The market is open to welcome new investors at all time so don't be a waiter but an investor.

When someone only has plans to be able to invest in Bitcoin of course they have to start doing it, don't just plan and never start, if we wait until the price is low in our opinion before buying it of course we will never be able to buy it and it will be very detrimental if we couldn't collect any of it.
What you say is very right, it would be better for us to continue to develop our Bitcoin portfolio using the DCA method and also we will continue to buy it with the amount we can afford, anyone can invest in Bitcoin using this method and we must focus on ourselves and never care other people's losses.

Actually, there is no harm in doing analysis before buying bitcoin. However, if the analysis takes too long to make you hesitate when making a purchase, I think the action is a bit excessive. Because for example the analysis is good and thorough, but in the end you hesitate when making a purchase (procrastinate), most likely the end result will not be good. So the solution is just to analyze Bitcoin well, then after that make a purchase with the money that has been prepared (cold money) and don't think too much which makes your mind anxious.

Besides, I think having a habit like that is also a bit bad. Because I am of the view that if bitcoin investors have a habit of delaying purchases, there are several factors surrounding these investors.

It could be because the person is too greedy in seeking profit
Using hot money
Short term investors
or also beginners who are just starting to invest.

But basically I also don't blame people like that. Because after all it is their money, their decisions and every decision that comes out is their right. But this is a lesson for me as well as for anyone who doesn't understand this yet. In fact, delaying purchases when investing in bitcoin is not a good thing.

And DCA is indeed a good solution to this problem. Because if I buy bitcoin with the DCA strategy, what I experience is that I enjoy the investment process more. Because I don't need to be confused about when to buy bitcoin (because it has been determined from the start) and I'm not afraid of missing out on cheap prices (because the goal is not for a short time). So if you invest in Bitcoin with a DCA strategy, everything becomes more focused and directed very neatly.