Quote from: nara1892 on February 07, 2024, 11:07:50 PM

Quote from: BITCOIN4X on February 07, 2024, 07:00:16 PM

Quote from: Rabata on February 07, 2024, 05:29:46 PM

Many people try to buy bitcoin regularly with a certain portion of their income because they can predict the potential of bitcoin. We generally prefer to use the DCA method as it encourages us to invest stress-free. I can collect bitcoins at my own interest. Anytime there may be a problem where I can't collect bitcoins for a specific period of time, I may be able to re-use the opportunity later. DCA does not mean that I have to collect bitcoins compulsorily. However, for regular Bitcoin purchases, adopting this effective method would be significant for accumulating bitcoin or increasing bitcoin portfolio.

I agree from a strategic perspective, it's definitely good. Maintaining consistency and regularly buying bitcoins is not mandatory, but if you are able to do it then you will definitely have more bitcoins in your bag. It doesn't matter how you do it, as long as you can balance your expenses and budget the rest, then you're free to invest.

It will turn into a must if you really have good intentions and seriousness in the accumulation that you want to run, anyone always wants bitcoin and the only way for you to be able to get or increase the amount of bitcoin then obviously you need to maintain the following planning as well as the consistency of the allocation of money on your bitcoin accumulation. On the other hand, yes I understand that not everyone is able to do it because there are quite a lot of factors that can make you experience delays and one of them is like what you said where finances are always a problem for most people who end up experiencing delays.

Although investing is basically a choice but not everyone can choose to do it and as I said above that they really need to change something in their finances one of which is by adding a part-time job to increase income, although investing can be very profitable when you succeed but it is not the right decision if you basically prioritize investing over budgeting to meet daily needs because after all your life is more important, and one way if you really want to get involved is obviously by improving financial strength, if everything already looks balanced in the sense that you don't have a problem even if you share some of your money on other things like bitcoin then obviously you can start getting more serious in accumulation.

During Bitcoin accumulation, we should be able and totally willing to invoke the spirit of discipline and consistency when making use of the DCA technique. DCAING requires a lot of determination to get the expected result and it doesn't just happen on a platter of Gold, the mindset must be in conjunction to what was planned not forfeiting any slated date for investing or deciding to alter the process in order to enjoy pleasures.

Before investing, DCAING in particular a person should already have a well descent job that can help with personal expenses meeting up with cost of living and keeping aside funds incase of emergency, we should first prioritize the concept of not investing when not financially buoyant to be able meeting up with life challenges, it will only lead to altering investment portfolio.

Quote from: Agbamoni on February 07, 2024, 11:33:30 PM

What am saying in conclusion is that the wealthy people don't need Bitcoin to get rich. And they probably don't focus on setting a target for investment. But they are masters when it comes to long term investment. There main intentions are to buy enough bitcoin so that they can maintain their level of wealth or double it no matter what happens.

Why alter investment portfolio so soon when having a lot to spend outside of that but not necessary a good excuse as to why average income earners should not hold for a long term because it Is primarily based on the mindset and determination even the rich can not hold for long if lacking such attributes of holding longer.