Quote from: Roseline492 on Today at 09:21:12 AM

Quote from: Mayor of ogba on Today at 04:16:03 AM

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Quote from: adultcrypto on January 24, 2024, 04:06:31 PM

Quote from: 348Judah on January 24, 2024, 02:11:08 PM

We have an exception to if we are interested in going all in at once with our investment, this could be only possible when we make the necessary research on the previous performances of the market and the coin we are having in mind, then compare the past to the present and if you could speculate something out of it, whereby it's profitable to buy the dip and invest when the market is extremely bearish, in this situation, you can go all in at once and invest, but never make a mistake of investing on anything else aside bitcoin.

It is therefore mostly advised that when choosing a particular pattern of accumulating our bitcoin asset to hold, we should make use of a pattern that best serves our interest, using DCA or going in at once with the market when it is dip, buying and holding at the bear season is profitable enough provided that we can hold.

No amount of research you make on any coin should make you go all in because to hold you must follow the steps outlined in this thread we are following. Besides, our focus is on Bitcoin on not other coins. Even though we are discussing how to buy and hold Bitcoin, it is not wise to invest your entire money on Bitcoin. Here we encourage people to invest only amounts they can afford to hold for long and still have their peace, live their normal lives and even have some reserved funds.

Furthermore, the term "go all in" is popular among those inundated by hypes of shitcoin. They usually throw caution to the wind because they want to become rich overnight. After reading the beautifully exaggerated whitepapers and studying the seemingly roadmaps and price projections, they are usually convinced they are in for quick wealth. Most of them only find out that they have been fooled when it is already late.

Bitcoin is the best cyptrocurrency in terms of long term investment other than shitcoins,some investors that have the aim of making quick money invest on shitcoin and end up with regret

Bitcoin has always been the best coin, even if you are not holding your bitcoin for the long term. Bitcoin allows you to have total control over your money, and no third party will decide how you will carry out your transaction in bitcoin.

Of course Bitcoin is the best coin, in fact as the Matter of fact the growth of every other coins depends on the growth of Bitcoin because is a father to every other coins, but sometimes I wonder why after knowing how potential Bitcoin is and most investors will still look for an alternative through other coins when Bitcoin is the best and most reputable coin.

Quote from: Mayor of ogba on Today at 04:16:03 AM

If you save your money in bitcoin, it will protect you against inflation, and your money will have good purchasing power when you convert some of your bitcoin to fiat. With bitcoin, you can send money to anyone in a simple way even though there is no bank in that place. Nothing like bitcoin.

how good the investment is there is always some risk that could be involved because lets not feel that after investing on Bitcoin the price will keep on growing, it doesn't work that way considering how volatile the market is, it could move to any direction anytime that's way the best way on Bitcoin investment is only through holding.

That is why it is good to have a little knowledge about bitcoin before you start accumulating it so that you will understand what you are investing your fund in. It usually takes time, like 4-5 years, before you will see a huge profit based on the fund you used to invest in bitcoin. That is why it is good to invest with what you can afford to lose so that it will allow you to take care of your financial challenges while you wait for your bitcoin investment to yield profit.