Quote from: Uhwuchukwu53 on Today at 02:38:53 PM

Quote from: Frankolala on Today at 07:46:29 AM

Quote from: Ricardo11 on Today at 07:29:58 AM

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

This is the mistake that newbies make by using the money for their needs to invest in bitcoin, and end up selling part of their bitcoin during accumulating period. You don't have an emergency funds, and you are using the money for emergencies to invest in bitcoin, I hope that you don't end up selling again when the price of bitcoin will not be in your favor and run at loss, maybe that is when you will regret it.

The purpose of investing in bitcoin is to grow it without selling any, no matter the temptation from the market, and that is why it is good to figure out that amount that would not be stressful to you or cause tension to you, and invest with it, so that you can hodli without thinking of selling for a very long period of time. When you are investing, have a bitcoin target and stay focused on achieving it. Although, it might not be easy, but with discipline and sacrifice, and the believe that bitcoin is one of the best assest to invest in for the future. It will be possible.

You have just limited the quantity of your bitcoin, which would have generted a higher profit for you, so what is next, start accumulating now that the price is higher than when you bought those one that you sold...not a wise decision.

That is why it's deeply advisable to know the purpose of a thing so that abuse will not be the order of the day, as long as the BTC investment is concerned one must know the best way to go about it if not after invest one will end up in regret because knowing the best way help you to accommodate patient as the best tool for the investment . You can't be making use of the DCA strategy when your mind is centered on short it will not work out, it's very important to engage in others activities that can sustain your financial needs which may serve as emergency money in order to free any thing that has to temper with the investment made on BTC mostly when using the DCA.

No body that lack the essential knowledge on how to go about this who heart believe on the income of selling in short term holding can actualize dream and benefits of Long term.

Killing the emotion of ATH when you have set to apply DCA strategy help to actualize the benefits associated to the strategy.

I have never heard about abuse of bitcoin. Investors cannot abuse bitcoin rather they abuse themselves because bitcoin had intrinsic values that if someone choses to sell off their investment immediately someone is willing to buy it. Choice is free, we cannot force ourselves to be long term holder it comes with discipline. Such discipline can be learnt by reading investment books, real life experience, and also interacting with the beginners and help board in the forum.

Also, i literally dont understand the meaning of killing the emotion of ATH. Perhaps you have a wrong meaning of ATH. It is an acronym for All Time High. Let me help you out here. When DCA it is certain that an investment do now keep in mind the ATH and ATL of bitcoin. He consistently invest in bitcoin against all odds in other to reach the target.