Quote from: Popkon6 on Today at 08:26:13 AM

Quote from: Justbillywitt on January 15, 2024, 10:01:39 PM

Quote from: Troytech on January 15, 2024, 12:49:30 PM

If I may ask with our disrupting this thread what is the main purpose of accumuting bitcoin for long term, cause if you are not selling When it's high and making profit or is there something I dont know about the long term investment in bitcoin and its benefits, cause I'm a little bit confused on why I should be accumulating bitcoin for long term if not to make profit. Are they any hidden benefits of doing this. I'm not a hater, I just want to learn, if purpose is not know then misuse is inevitable. I'm coming to understand how DCA works by going through the thread but, I don't see a place my dcaing ends for me to make profit. I'm not looking for a get rich scheme in bitcoin accumulation. I just want to know the exact reasons that would be motivating everyone to hold for long without any sell plan. I just started investing in bitcoin last week with my first 10$ investment, quite small but its a start since my salary is small for now, I really want to catch up, but I need clarification on this since I'm.beign bothered about it.

Different investors have different motives or different reasons for investing. One of the reasons why some investors holds Bitcoin for longer period is to see high profitability. Bitcoin has a total supply of 21 million and the world population is over 8 billion and with each passing day Bitcoin is gaining more adoption, that means many people will be investing in Bitcoin and this will keep pushing the price up. It has also been proven from history that long term holders are the ones who stand the chance of making profit in Bitcoin.

Here we learn how to hold Bitcoin for long term, Bitcoin price ups and downs and from there regular Bitcoin investment, how to save from high Bitcoin prices.

Bitcoin long-term holding doesn't require much education and is only discussed here and here. Whether you invest in Bitcoin and hold it for a long time is entirely up to you. No matter how much we discuss here about the positive aspects of long term investment an investor will never be able to hold his investment for long if he does not plan. If you want to invest in Bitcoin with a long-term plan, I don't think a little volatility in the market will affect you too much because a long-term plan means you have to hold the coin for a very long time, so temporary fluctuations will not affect your investment at all.

Quote from: Popkon6 on Today at 08:26:13 AM

Bitcoin is used by people of almost all countries, but we will learn how to invest in DCA method. Here it is possible to learn this form of DCA method until a new investor becomes successful with Bitcoin investing.

Most of the investors who are involved in investing probably know about DCA method of investing. DCA (Dollar Cost Averaging) is a great investment strategy. In this method an investor invests his capital by dividing it into several parts. Those who do not have enough capital will not be disappointed after listening to me in advance. In this case, those investors who have to invest with income money instead of capital, those investors can invest based on their own money on a specific day, week or month if they want. Now an investor does not need to wait for a long time to start investing in DCA strategy. There are many investors who have planned long ago but could not invest because they did not have much money. Many investors have missed such opportunities as Bitcoin prices have gone from very low to very high levels without having enough money to manage. But now there is no risk of missing the opportunity for the investor as the investor will get the opportunity to invest in different positions of value step by step with DCA strategy. This strategy may not have been discussed much when I first started investing but ever since I came to know about this strategy new investments have been made in this strategy but keeping the previous investments intact.

Quote from: Popkon6 on Today at 08:26:13 AM

As I have invested in Bitcoin in the past by following the DCA method from there I keep investing for longer and accumulate more Bitcoins. By adopting this DCA strategy alone, adopting DCA strategy definitely increases investment interest.

Good luck with your investment, invested in the old way now investing in the new way hope you keep the investment for long time. Finally one thing you said that investing in DCA method increases the interest of investment which is applicable for new investors at that time new investors get some money profit as they invest. That is, a small amount of profit encourages them and increases the demand for investment.