Quote from: Btcdeybodi on Today at 04:39:23 AM

Quote from: nara1892 on March 16, 2024, 09:44:36 PM

Quote from: I_Anime on March 16, 2024, 01:43:01 PM

Quote from: Popkon6 on March 16, 2024, 01:25:23 PM

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.

yeah you are right, a friend mine told me his interested in investing in Bitcoin. I was surprised because being long have been trying to convinced him but he kept doubting the growth of bitcoin, I guess due to the recent growth bitcoin undergo lately he as seen some beauty in it which lead him in researching more about bitcoin. So he was like he wanted invest a certain amount of money in Bitcoin so I told him that is a good plan and a nice start up . But I told him not to go all in at once because of the recent increase in price , so I told him to start with some DCAing strategy first ( have to explain how DCAing works) and he should keep some reserve funds for buying the dip, so he was excited about it, that with such strategy he would have enough time to gather some good amount of money for the DCAing (weekly), then he told me that on Sunday (which is tomorrow) am going to put him through on how to buy and all that , I was really glad seeing my friend finally taken action in accumulating Bitcoin, and thanks to this thread I would be able to put him through on how investing in Bitcoin works. So I would keep on learning so that I still will be able to impact on others.

I think there are not a few people who initially doubted bitcoin especially when bitcoin was not as well known as it is now in the eyes of the public, but with the growth of bitcoin which does bring certainty for a more beautiful future along with quite a number of people who have managed to take advantage of a fairly large amount then indirectly this event makes people involved in accumulation even though at first they always carry doubts in their minds. On the other hand you gave very good advice and direction by suggesting him to use the DCA approach as the initial stage of involvement, and of course this is a good suggestion because DCA is more specialized for those beginners who just want to jump in by investing the same amount (not too big is fine) in the long run which can indirectly keep their financial situation balanced and can make them make maximum profits in the future as long as they don't delay too much during the allocation period.

One thing with human is that when something is introduced newly not everyone will show interest yet because they are afraid if it will have a future, every one is careful with their investments as no body want to lose while investing. The few that embraced Bitcoin when it was introduced, had the most advantage of it and some of them who were so determined to continue investing saw a "light at the end of the tunnel"
I have come across various posts talking about using the DCA as a beginner in Bitcoin investment but that's not a prerequisite that when you use the DCA that you are good to go but what is important is your ability to maintain the DCA because it is not just about saying it but actions matters a lot like what effort will you be putting in place to make your DCA survive the test of time so before thinking of DCAing, a reliable source of maintaining the DCA must be put in place

The DCA is talked about so much because it is the best method if strictly followed. Before one talk about investing in bitcoin it is assumed that everything like source of funding is in place. Anyone who talks about the DCA method without following it, is not deceiving anybody but him/her self because at the end of the day it is what you have accumulated that you will stand a chance of profiting. Before you start up your investment journey it is always advisable to have plan, and holding period, something like roadmap so that you will always be guided by it. When it comes to investing in bitcoin we shouldn't just do it any how. We should do it with all diligence, knowing that we are investing our resources there and what we are doing has the possibility of transforming our life.