Quote from: Mayor of ogba on February 22, 2024, 07:24:48 PM

Quote from: GbitG on February 22, 2024, 06:22:12 PM

Quote from: Tmoonz on February 20, 2024, 04:32:05 PM

Quote from: Fiasem20 on February 19, 2024, 09:18:00 PM

DCA strategy is one the best strategy in bitcoin investment.An investor that wants to be successful in bitcoin investment must adopt the DCA strategy

No doubt, dca strategy has enormous benefits as regards to Bitcoin investment the reason why it dominates the thread, but on the contrary a lump sum buyer can as well be successful in his Bitcoin investment, in my opinion that lump sum buying can as well leads to significant returns, you can actually set up a portfolio through the lump sum buying and allow it to grow. the very best strategy is any of the strategy that allows an investor to hodl his investment and sleep well at night, whether it is dca or lump sum, the main factor to be successful or not in Bitcoin investment is the ability to hodl long term to take advantage of it's comp youounding value,the right strategy is unique to every investor that is why it is of great importance for any investor to tailor their strategy to their own risk tolerance and financial situation as well as their own conviction level to prevent a situation that could lead to emotional decision and selling too soon.
My point is that dca is not a must to be successful in Bitcoin investment according to @Fiasem20

DCA is a strategy that people use to diversify their investments.

I disagree with you; the DCA strategy is never used in diversifying investments. The DCA is a strategy that is used to accumulate bitcoin at regular intervals, and it will also help to control the volatility of bitcoin in your bitcoin investment. Also, with the DCA strategy, an investor can use 10% or 20% of his salary, depending on the amount he or she receives weekly or monthly, to consistently accumulate bitcoin.

The DCA investment method is definitely not a pressure for the investor but the DCA investment method is the easiest and most effective strategy for the investor to increase his investment. In DCA investment strategy an investor can invest 10%, 20% or any amount of his income as he wants. It is entirely up to the investor how much of his salary he invests regularly.
In this type of investment method the investor usually feels very light on investment and can maintain his investment continuity with great ease. At one time investing was a bit difficult but since investors know about the DCA investment strategy, they now find it much easier to invest. In DCA investment strategy now no one is deprived of investment but those who are interested to invest can invest.

If an investor wants to invest in the DCA method, an investor can do it weekly and if he wants to do it monthly, and if the investor wants to invest in the DCA method every day, he can invest in the DCA method every day.

Quote from: lalabotax on February 22, 2024, 09:30:41 PM

Quote from: Justbillywitt on February 22, 2024, 02:42:25 PM

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

What do you mean by saying 'Bitcoin is crypto'?
Everyone knows that Bitcoin is one of crypto coins. However, if we are talking about crypto, it will be a general matter. We are here talking about a specific thing, it is about Bitcoin. Sure, all altcoins can't be separated from Bitcoin, they are always depending on the trend of Bitcoin. But here, we aren't discussing about the correlation among crypto coins. We are analyzing the price change of Bitcoin, we determine when the right time for buying Bitcoin. I think it is the point of this thread. CMIIW

Bitcoin is a crypto currency and Bitcoin is a crypto currency. There are many coins in the market but investors always keep Bitcoin in the first list of choice to invest. Bitcoin is the most reliable platform for investment. Investors will always prefer those coins in which the risk is very low as well as those in which a good profit can be expected after long-term investment. The difference between Bitcoin and other coins can be easily found, other coins are directly dependent on the Bitcoin market, that is, all other coins in the market change in proportion to the way in which the Bitcoin market changes. As much as Bitcoin is discussed in the market, I think all the other coins combined would not equal the discussion.

There are many of us members who have come to know about Bitcoin before the crypto currency. As long as I have been investing and learning about Bitcoin, I have come to know that Bitcoin is one of the most reliable coins in the market and no other coin compares to long term investment.

Quote from: Mayor of ogba on Today at 04:27:47 AM

Quote from: lalabotax on February 22, 2024, 09:30:41 PM

Quote from: Justbillywitt on February 22, 2024, 02:42:25 PM

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

We are analyzing the price change of Bitcoin, we determine when the right time for buying Bitcoin. I think it is the point of this thread.

The point of this thread is not to analyze the price change of bitcoin, just as @Tmoonz told you. The point of this thread is to buy bitcoin and hold it for the long term using the DCA strategy so that you do not want to time the market before you can start accumulating your bitcoin, which can delay your bitcoin accumulation journey. With the DCA strategy, you can accumulate your bitcoin even when the bitcoin price is increasing or decreasing because you will be buying at regular intervals.

All of the discussions in this topic are about holding your own investments for the long term as well as the DCA investment strategy. While there are discussions about investing in Bitcoin and holding it for the long term, the discussions that are made are much more informative and practical. If a person reads these discussions regularly, he will be left with nothing to know about his investments and will easily go a few steps further in holding his investments for a long time. Through the discussions that take place on this topic, each member is able to know and learn from each other directly and indirectly.