Quote from: Ojima-ojo on March 18, 2024, 10:54:13 PM

Quote from: I_Anime on March 18, 2024, 09:52:32 PM

Quote from: JayJuanGee on March 18, 2024, 08:42:59 PM

There seem to be decently good chances that BTC prices will reach $80k and even $100k prior to the halvening, yet at the same time, none of us know, and if we are not trading and if we are still accumulating BTC, then we might prefer that the BTC price does not go up as fast, so that we can buy more BTC... So yeah, guys have to choose how much BTC to buy and to continue to buy and the dilemma is not necessarily going to get any better because there might still continue to be logic to continue to buy, and some uncertainties regarding whether dips will continue to happen or to come down to the level of current prices at a later date.

well you're actually right, i don't actually want price of Bitcoin to go up fast, because I haven't gotten enough or good quantities yet. Because if bitcoin price began to increase fast it would be difficult to accumulate much quantity in your portfolio. Like for instance some one with the DCAing amount of $50 weekly , when the price was still in the price range of $30k , such individual would be able to purchase 0.00166 BTC with his $50 weekly . But now the price around $60k and such individual purchase is weekly DCAing with that same price which is $50 he or she would be able to purchase 0.000833 BTC weekly and that how the quantity (of Bitcoin accumulating by that same user with that same amount ($50) ) would keep reducing as bitcoin price keep increasing make it inversely proportional.

Quote from: JoyMarsha on March 18, 2024, 08:17:49 PM

I lost a friend in the cold hands of death because he failed to take care of health. His mind is always investing in bitcoin with the little money he regularly gets from his workplace, making him forget that his body system needs to rest and to be taken care of.

Quote from: JayJuanGee on March 18, 2024, 08:42:59 PM

That is a good point. We have to make sure that we invest into bitcoin with our time, energy and value in an amount that still allows us to experience our regular life, too, and yeah, to take care of our body and our mind as part of our routine (or our daily practices that have a decent diet, a sufficient amount of sleep and some exercise and/or other activities).

exactly, that why one have to invest according to his financial capability, without over doing it to an extent, of it affecting our regular life style . That why I always but this to Mind whenever any users mentioned that your bitcoin accummulation should be around the range of 4-10 years, I know it might be long but it would give one enough time to keep accumulating bitcoin without over doing it, limiting one self from his regular life style activities. Because alot of users at there lack a proper planning that would lead to them using alot of percentage of their income to accumulate more bitcoin limiting themselves from their regular life activities in order to meet a certain goal of accumulating bitcoin pretty fast without knowing it come with alot of causes . That most users here always advice to always Share your funds using percentage. Some percentage for accumulating bitcoin, while some for emergency funds (which should be an priority) allocating most of the percentage in your emergency funds.

We all know that to get the best at Bitcoin an investor need to have a long term view in mind right from the beginning, because as early you start being aggressive in your Bitcoin investment the better and also because at that point the price of Bitcoin is low and that way you get in at an advantageous time that put you on profits, but also I guess the 10% allocation is too small to set the investors out to reach retirement stage and earlier time.

Many times some of the newbie's investor mistake Bitcoin investment to be like some form of scheme that offers big short terms profits regardless of how much the Bitcoin holding is, I guess a big bag holder can easily get a quick return but not someone that is setting aside just 10% to 20% of his monthly income into Bitcoin.

Yes we all understand that the profit one get from bitcoin investment is proportional to size of your bitcoin holding. We all have different people with different financial capacity, so anyone who is investing 10% or 20% of their monthly salary in bitcoin is better than those who are not are not investing. Don't underestimate the power of DCA especially when it for a very long time. So people investing 10 to 20% of their salary in bitcoin for retirement purpose stand a very big chance of getting something out of it. Some people have more than 20 to 30 years before their retirement. Do you know that many people missed out on bitcoin investment because they think that their available funds isn't enough to invest in bitcoin, whereas you can start your DCA with at any amount you have. What matters is consistency and holding period. So 10 to 20% of someone's monthly salary invested in bitcoin for retirement purposese is not a bad idea. We shouldn't discourage people simply because we think that their funds are not equivalent to ours. DCA exist for all income class to invest in bitcoin.