Quote from: Mrbluntzy on February 04, 2024, 11:16:27 PM

Quote from: Wind_FURY on April 17, 2019, 06:07:48 AM

but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

Yes, I don't want to end up with empty hands in the next circle that's why I am buying small chunks of Bitcoin. Since I am a student and not yet working to earn a real salary, the small Bitcoin I hold was purchased with the money I saved out of my parents gift to me. When I receive money from my parents and family relatives, I used some and invest some in Bitcoin, the money is not enough to buy too many chucks but I only buy the amount I can afford now and I will hold it for a long time. Even after I graduate from school and start earning salary, I will be buy more Bitcoin every month and hold it.

When an investor has a lot of confidence in the investment and when he becomes very eager to invest then he invests with so much effort. Earning in student life is difficult but not without appreciating the thinking of those who think about the future in this student life. Since there is not much chance of income in student life, every student has to live with money from family. A student doesn't get much money from the family yet there are some students who keep saving that little money and with that little money they invest in Bitcoin. That is, in student life they are investing in order to get something good out of the investment in the future rather than prioritizing the temporary pleasure of student life.

If investing is not a problem for you then you can continue investing and investing will give you a good understanding of investing from your student life and will help you avoid wasting money on your bad activities later on. There are many more students like you who have accumulated money in various ways in their student life and are investing that money in Bitcoin. There is no need to take extra pressure, keep doing the best you can, hope this sacrifice will give you great things in the future.

Quote from: Antonil on Today at 04:28:22 AM

As a new investor I can say that if you want to hold bitcoins, you should hold bitcoin in DCA method.

Before investing, new investors should know what exactly DCA investment method is and how DCA investment method works. If you have an idea about DCA investment method then you are one step ahead in investing but for those new investors who have no idea about DCA investment but have heard about DCA investment I am giving some discussion about DCA investment.

The DCA investment method is such that an investor invests in the first instance and after he invests, the price of the particular coin changes slightly and he invests again after seeing that price change. That is, the number of times the investor invests in a new way, the few times the price will differ significantly, it will be seen that the investor's high price, low price and middle price will be compromised and the investment will be strong.

As the investment becomes strong, the risk in the investment of the investor will be greatly reduced. Another advantage of DCA investment method is that here the investor can increase the investment as per his wish he does not need to take pressure.
As far as I know about the DCA investment method, investors can enjoy this investment by investing in this method. So I would say DCA investment method is always the best investment method for everyone whether a new investor or an experienced investor.

Quote from: Antonil on Today at 04:28:22 AM

As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.

If you don't have any idea to invest then you have to plan your investment with minimal idea. Yes it is true that investing does not need to know everything about investing rather the investor can learn about investing while investing. However, investors must try to know about the general issues.
For example, the investor must know how to invest, how much money to risk in investing, as well as having enough faith in the investment, that is, these things must be known to the investor and then the investment decision must be made.

Quote from: Antonil on Today at 04:28:22 AM

DCA is a good strategy for holding Bitcoin.DCA means buying and holding a fixed amount of bitcoins every week or every month. You invest 1/3 of your income over a period of time. You cannot hold on to your entire income or invest too much at once. At any one of your perils you feel like withdrawing this full amount.Which will go against your dream of holding bitcoin.

In DCA investment method an investor can invest whenever he wants. An investor can follow the weekly DCA investment method as well as an investor can follow the monthly DCA investment method if he wants. Apart from following the weekly and monthly investment methods, if the investor thinks that he will invest in DCA method every day, it is also possible for him because the investor has the opportunity to invest here as he wishes. Since the DCA investment method offers so many advantages to the investors, it is only natural that the investors would take this advantage.