Quote from: Fara Chan on January 28, 2024, 08:16:01 PM

Quote from: wendty on January 28, 2024, 11:45:45 AM

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.

When an investor invests in a long-term plan or thinking of investing, he will not worry much about the market. It will not matter to him how cheaply he can invest. The most important thing for an investor then is to implement a plan to hold his investment for a long time. There is definitely risk involved in investing but the investor decides to invest only when he is fully prepared to accept the risk. The investor must accept that he is investing and after investing he will not only continue to earn profits but he must also accept the fact that the market may go down after his investment resulting in loss of his investment. If the plan is long-term then the investor should use that opportunity when the market goes down. That is, if the market goes down after the investor invests, the investor has to invest even in that situation. As a result of investing in two situations, there will be a compromise in the price. As a result, if the market increases slightly after investing in the second stage, the investor will recover the temporary loss. An investor must pay attention to his investment retention in order to maintain his investment in depth.

So that temporary dumping does not have any adverse effect on the investor's investment, the investor should refrain from monitoring the market frequently so that his attention is diverted and he can hold the investment for a long time.

Quote from: ginsan on January 28, 2024, 07:59:28 PM

Indeed, in terms of investment patterns, of course there are many options that we have discussed many times, but I still always remind you that if you are a beginner, start with a smaller amount and start your approach while learning about Bitcoin. Buy regularly to add to your motivation to continue accumulating Bitcoin throughout this year. Many think they are slow but this is not a reason to continue learning about Bitcoin while buying Bitcoin with DCA.

A new investor who is going to invest for the first time but already has an understanding of long-term investment, if he invests relatively large amount of money, I do not see any problem. An investor who is the first to invest but does not want to invest without knowing a single bit of information about the investment. Maybe through this forum or some other medium he must have some knowledge about investment and based on that knowledge he is interested in investing.

Everyone has their own investment strategy, in the beginning if an investor can start investing with enough money as he can afford and gradually increase his knowledge about investment, but investing more money in the beginning is not a bad decision for him. A new investor can start investing with the initial amount of money he has and after starting, he can think about how to increase his investment along with long-term planning of his investment.

A new investor must be aware of the DCA method if he has decided to invest and if he is aware of the DCA method then he must later adopt the DCA strategy in increasing his investment.

Quote from: Tmoonz on January 28, 2024, 10:52:12 PM

Quote from: Odohu on January 28, 2024, 08:42:12 PM

Quote from: Fara Chan on January 28, 2024, 08:16:01 PM

Quote from: wendty on January 28, 2024, 11:45:45 AM

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Determining your investment horizon is essential as it aligns with your investment strategy and goals. Short-term traders aim to capitalise on short-term price movements. At the same time, long-term investors often have a more patient approach, looking to benefit from the potential growth of Bitcoin over a more extended period.

Traders have small targets and are always satisfied with small profits. Traders who intend to sell their coins for a small amount of profit do not need to be very patient, but an investor who invests in a long-term plan must have high expectations and from that high expectation, he will try to be patient enough. A long-term investor has enough patience as well as enough faith in his investment and no matter how much the market is dumping he has faith that the market will return to normal again. A long-term investor has enough patience and has enough faith in his investment and has enough courage to go ahead with his investment is the characteristic of a long-term investor.

Quote from: Tmoonz on January 28, 2024, 10:52:12 PM

However, attempting to time the market ideally can be challenging, market conditions can change rapidly and accurately predicting market movement can as well be difficult.
It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

Markets are changing and will continue to change all the time. If you do enough research on the market, you can predict the next movement in the market, but you cannot say for sure which direction the market will go. But since we are long-term investors, we don't need to worry much about market movements. We have to continue investing with some risk of money and if a big opportunity comes in the middle of the series then we have to take advantage of that opportunity. The plan we invest in must be kept in mind so that we can execute this plan perfectly.