Quote from: avp2306 on Today at 08:59:01 AM

Quote from: Tmoonz on Today at 07:50:12 AM

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.

Exactly, the DCA strategy has become a widespread adoption among people investing in bitcoin and one of the most interesting part it is that it creates opportunity for new investors who don't yet have experience to have a wider and broader knowledge while already taken a position in the market.

To an extent I think one of the reasons why most person have not investment in Bitcoin is because they lack the self confidence and conviction about Bitcoin existence, although it is not for everybody but, considering if Bitcoin has a place in your portfolio definitely requires you looking beyond today's headlines but the future.

Aside for lacking of confidence people don't have enough knowledge that's why they are not confident enough to invest on bitcoins,

I don't agree to this because I just stated it clearly that the DCA strategy gives room for non expert (that is someone that doesn't have a enough knowledge) to invest in Bitcoin and have more knowledge in the process of investing and it has always been said that you don't need to have enough knowledge before investing in bitcoin, Bitcoin is a fast growing asset with innovations and trends that waiting to have enough knowledge of it before investing will lead to procrastination and you will never invest.

Having the enough knowledge you are talking about will only come when you are already in your accumulation process and on the other without self conviction and confidence you can't invest even if you have the so claim enough knowledge.