Quote from: promise444c5 on Today at 07:27:06 AM

Quote from: michellee on Today at 06:26:15 AM

With the current increase in Bitcoin prices, many people are happy because they can see the increase in profits they have collected from the DCA method. Those who are just starting out can't see the benefits yet, but they shouldn't be sad because they can see them too.

Today, people who have not yet invested in Bitcoin are too late to realize its price increase. They may still invest in Bitcoin but must remain patient because Bitcoin still has a long way to go.

The DCA method can still be used for now, even though the price of Bitcoin has now reached $56k and even $57k. And it's okay if they still use small money for their investments because investing in Bitcoin still uses the money they can afford.

They might be late but not too late so far they can undergo what you've said "parience". Generally, holding is meant to be on a longer term and we are below our last ATH which means there are still enough opportunities to buying the dip even on the uptrend, morecambe still comes with sub dips

(don't mind me

).
Again I'm rephrasing my quote
"The best time to buy btc was yesterday the second best time to buy Btc is today" for anyone reading this "never miss your second chance"

This statement is interesting, if everyone could have this mindset including newbies about the statement "The best time to buy bitcoin was yesterday the second best time to buy is today" if I'm not mistaken with the statement it's never too late to buy and hold, since this statement has to do with the present "today" and bitcoin has to do with price volatility, early investors are lucky investors meanwhile newly investors should also be excited cause it's never too late so focusing on how to accumulate now is a right decision, this statement actually says it all about investing , no one should get discourage with bitcoin investment.

Quote from: Tmoonz on Today at 02:38:08 PM

At some point you can get sell off your investment to meet up certain demand, but it's always advisable to hodl unto your investment in other to have a full rewards.
There must be a source of income to be successful in Bitcoin investment, you must have a stable source of income that will accompany you to your destination.

I can't relate with this but I have heard several stories like this, sometimes in situation like this the investor lack a proper planning, stable source of income is required and the most advisable plan when investing is to preserve some money and it's called an emergency funds, human needs are endless and some random need might just pop up but it's not a right decision to withdraw your investment money that's why it's advisable to set an emergency fund. Secondly when investing I learnt this common advice always cut your coat according to your size, never be in a haste to compete with the price.