Quote from: Tmoonz on Today at 12:53:15 PM

Quote from: JoyMarsha on April 09, 2024, 11:31:05 PM

Quote from: Berry2d on April 09, 2024, 03:00:25 AM

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

I completely disagree with you on this because it will make you waiting for too long before entering the market as you are not certain about how long the bullish market will be and at what level will the bearish is going to be too there by missing good buying opportunity, there is no point waiting for the bearish market before making purchases as the price point you are considering to be high can as well be consider to a dip tomorrow because Bitcoin will ever be going higher, you can consider the historical significance of Bitcoin from it's inception till date. But with your dca strategy you can make purchases at different intervals irrespective of the price point while making preparations for the ups and down that may or may not happen which includes buying during the bearish market which will apparently give you more Bitcoin with the same amount of money than it's previous high. The first best time is or would have been yesterday and the second best time is today such that waiting for any bearish market will lead to procrastination of ever buying Bitcoin.

Yes, you are actually right bro, their is no better time to invest in Bitcoin than now, just take a look at those people waiting for the price of Bitcoin to deep before they buy, they mostly lose so many buying opportunities and most times procrastination usually set in because they always have that feeling that it will go even deeper, which most times never happened, and they will keeps on making excuses why they haven't bought Bitcoin.

But with the DCA method, you buy regardless of the price range and you also buy even the deepest part of the deep, and by doing so, you can never run loss as a long term holder, as long as measures are already in place, something like having a source of income and an emergency fund, so that you won't have to look at your investment anytime you are In pressing financial needs, and you wouldn't have to eat your investment bit by bit till it has been exhausted.