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 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. 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.