And this is the function of running a DCA strategy because the price of Bitcoin is not easy to predict in the near future, but in the long term the price of Bitcoin will rise even if there is a decline.
We may be able to speculate the price of it but if it's about predicting it properly and accurately, one thing we can say is that it's always been unpredictable.
Doing DCA doesn't require thinking about what the price of Bitcoin will be tomorrow, the day after, and so on and all it does is keep accumulating Bitcoin whatever the price. And with DCA we can minimize investment risks due to erratic market movements, and no one can predict Bitcoin prices accurately even if they are experts.
And it's just like you're free to do whatever you want. You have money? you buy. And even if you have money but you don't buy, then buy some other day or just totally don't buy at all.
That's one of the beauty of DCA.
Yeah DCA strategies is Indeed exciting, to me I don't think there's much need to start speculating the price bitcoin going to it and all that. Because I've already know that Bitcoin gonna surge massively, but just as you guys said we know is gonna happen but we can't actually tell when is happening. So I have strong believe in Bitcoin, and all I care about is to accumulate some good quantities of Bitcoin Because am actually still far from my goal in accummulating Bitcoin. That why need to be patient by exercising long-term investment so that would be able to accumulate more bitcoin and yield good profits.
Targeting big profits in investments is normal and many of us want to achieve big profits someday. The twists and turns of our investment journey certainly have many obstacles and that is a struggle that we must go through to achieve success in Bitcoin investment. I also want to change my fate to live more frugally in order to be able to accumulate bitcoin more aggressively this year.
Halving is so close.
Even though our target is for long-term investment, we are of course waiting for the halving moment because it happens every 4 years. They would have made many achievements if they had invested early in Bitcoin because of every halving, of course they would have welcomed it with joy. The price issue is not something we want to talk about, but please know that this year's Bitcoin miners will get smaller rewards. from there, make the best possible use of the opportunity we have to keep buying and buying because there are only 21 million bitcoin. which will become increasingly rare because many are lost from circulation such as their owners passing away or they don't save their private key so they can't access their Btc holdings.
Well this is my first halving I'm gonna experience since knowing about this space, though have missed the previous ones and base on my research in most halvings Bitcoin always experience a great changes in price. And alot of investors that was patients enough endup with massive profits, some may have sold theirs while some keep holding but scrape certain profit from their investment (bitcoin). But this upcoming halving I'm going to try my best to partake and grab the golden opportunity. Though I may not have started accumulating bitcoin on time, But still According to Jgg I'm still an early investors and I would try to make advantage of that.