Quote from: Justbillywitt on February 02, 2024, 10:49:19 PM

Quote from: Odohu on February 02, 2024, 10:48:06 AM

Quote from: Litzki1990 on February 02, 2024, 03:54:21 AM

Money is a very valuable thing in our life. Everyone has to work hard enough to earn money, very easy but never money. Since it is difficult to make money, it is natural for an investor to think about it when he invests that money. If an investor invests the entire wealth that he has accumulated over a few months or years, he must think whether he is investing his hard-earned money in the right place. Those who have prior knowledge of investing may not worry so much after investing but this problem is more common among those who are new to investing. In the initial stage an investor thinks a lot after investing but gradually he gets enough confidence in the investment and he gradually starts to trust the investment. If we invest then we must invest with confidence in the investment and if we don't have confidence in the investment then we can never keep that investment for long and we will never get our desired results from that investment.

The reason I so much cherish the DCA method of investing in Bitcoin is because it eliminates most of the concerns you have just raised in your comment. The DCA method helps stop you from worries and continual worries about your investment because you are putting just a little part of your income in a regular basis, in such a way that it will not impact negatively on your living condition. You can practically start investing in Bitcoin through the DCA method provided the basic requirements are met.

Secondly, you don't have to be a pro to invest in Bitcoin through the DCA method, you just have to discipline to follow the principles. It is not like day trading where you need to have expert technical knowledge of the market neither did it require you to be an investor for several years, even a newbie can apply it just like most of us started using it when we have just little knowledge of Bitcoin. This is how simple and cool the DCA method can be and why it is the preferred method for little fries like us who are aspiring to build something significant for the future.

Absolutely the DCA gives an investor room for flexibility to also face other challenges he in real life. The DCA method is perfectly designed to give everybody the opportunity to invest without complaints or the burden of having a huge capital base. Many people today were able to have bitcoin today because of the DCA method. Without the DCA method I don't think many of us could have been able to have the amount of bitcoin we have in our portfolio. I can boldly say that the DCA method is the hope of the common Man I accumulating bitcoin, since we can't measure with the whales.

Investors have invested even before DCA investment method came but DCA investment method has made investing easier for people. In the DCA investment system, now all types of people or all professionals are getting an opportunity to invest if they want. Where earlier we used to understand investing as investing a large amount of money, now we can start investing with any amount of money and gradually we can increase our investment. Those who have more money now are also investing in DCA investment method while those who have little family money at the end of every month and those who have idea about investment are also managing their investment. DCA investment method is an investment method that will be liked by everyone and everyone will want to invest in this method. Earlier, we had to deposit and invest a lot of money, now we are getting the opportunity to deposit and deposit that money through Bitcoin.

Quote from: Fauderz on February 02, 2024, 11:08:36 PM

Quote from: Litzki1990 on February 02, 2024, 03:54:21 AM

An emergency fund is definitely important for investing but not all investors can invest by building an emergency fund. There are some investors who have a small amount of money to invest and they start their investment with that small amount of money and do not build up additional funds. Additional endowment is usually done to ensure continuity of investment in which case those who have good financial support can create additional funds to ensure continuity of investment. But I think it has to be done as an investor has no such thing. Emergency fund can be stressful for some people and surely an investor can't hold his investment for a long time with pressure so those investors can invest as they want in this case there is no need to take this pressure. Investors can invest as and when they want and with as much comfort as they can invest, so if it is not possible to build additional funds, then there is no reason to take this matter as a pressure at all. Additional funds can be taken by an investor only as an optional means.

Because in the end, this kind of reserve fund can be an important condition to support the sustainability of what we do, including investment.
When someone wants to develop their economic conditions and make investments, they must indirectly know the initial steps that are developed and of course emergency funds are a situation that should not be absent because this will be an important situation to support so that the steps we take to invest and support life in order to continue to survive can be carried out.
This is basic but sometimes not seen by many people even though small things like this must be prepared so that situations that will occur especially with unexpected events can be minimized.

People's danger or need will never come as suddenly any time a person may be in danger or suddenly a person may face a big financial problem. Now we may be healthy so now we don't have to bear hospital expenses but when we or someone in my family gets sick our expenses will increase and if we don't have extra money at that time we will be forced to sell the investment. Investing doesn't just mean that you are investing what you have but investing means that you have to think about your investment because after investing you should not sell the investment at all. If you think about this, you must also think about the fact that financial problems may arise later, so instead of investing all the money, you have to set aside some money from the remaining amount and invest with the remaining money.

Just as investment is very important for us, it is very important for us to see the problem when someone in the family is sick or has any other problem, so we should give equal importance to both.

Quote from: danadc on February 02, 2024, 11:38:26 PM

I see the investment of bitcoin as something sacred, something that we must always know how to do, we cannot think about the investment of bitcoin and think that we will Obtain benefits tomorrow, right now everyone is alarmed because bitcoin is at $39k, then it went to $43k and They still haven't reacted, what does this mean? That if you have money to buy bitcoin, if it is in a falling state, should you buy it, or should you doubt that, should you diversify your money into other Cryptocurrencies ? It is not the solution, it is something that does not look good, the only investment that should be made without thinking too much because it is a safe investment, is bitcoin, there is nothing else, intelligence must be used to realize that bitcoin if you buy it When this price rises more than $100k, the benefits will be seen.

If you always expect a fall and always think that you will invest when the price falls then you have missed many opportunities and you will miss many more opportunities in the future. But the market will not only go down but the market will also go up so if you are only waiting for the market to come down then you are not able to invest properly. What is our investment plan, our investment plan is that we will invest and hold the investment for a long period of time if we only wait for the price to fall then when we will invest and when we will hold our investment.

When the market moves above $1000 or $2000 from the current price, we consider that price to be the highest price and at that time we wait more in case we buy during this high price and we may face loss. I wait like this but when the market goes up again then again it seems that it is the highest level of the market and even at this time there can be risk of loss by investing. Only we keep thinking and waiting but our investment is not done. An investor can start his investment without thinking about these things, if the price falls again after he invests, the investor can invest again at a relatively low price.
By investing in this way, the investor will not miss any opportunity, that is, he will be able to use every opportunity properly.

Quote from: danadc on February 02, 2024, 11:38:26 PM

All this has to add up to do things with the best Availability possible, that is, if we have bitcoin and it goes up, let's wait, if we wait when there is a new ATH it is ideal, but how can we get this into the heads of investors who Will they see a lot of news and let themselves be carried Away by fear?

If the investor expects good things, he must wait for them to invest. If you wait to invest, you may hear bad news or good news about the market, but you should take it as normal. There is no doubt that when all these market news will not have any impact on an investor's investment then that investor will be able to hold his investment for a long time. After investing we have to be strong, have patience and determination only then we can reach our goal.