Quote from: Rabata on April 22, 2024, 12:29:08 PM

Quote from: Barikui1 on April 22, 2024, 10:02:43 AM

At this particular point, I really don't think it's logical to be timing the market now because as an investor that we are, our primary concern now should have been how much Bitcoin can we accumulate,

Agree with you. We have to believe that the demand for Bitcoin is gradually increasing but we are able to hold our position?. Can we hold bitcoin according to our expectation? Even if bitcoin is 100k or more, if we don't have bitcoins in our bag, it's no use learning more about bitcoins. I think what we should do as a holder is to collect bitcoins regardless of the price of bitcoins. If the morale of a long-term holding can be increased and Bitcoin can be accumulated accordingly, then surely Bitcoin can become an asset at some point. More or less if it can be collected regularly then the amount of Bitcoin will increase regardless of the increase or decrease in the price of Bitcoin. And for this, the most useful technique DCA will make that goal easier to implement.

There is no doubt that Bitcoin's popularity is increasing with time. If we consider the popularity of Bitcoin 5 years ago, after 5 years in the present time, the popularity of Bitcoin has increased a lot. Again, when the popularity of Bitcoin is compared to the current time after five years from the present time, it will be seen that the popularity of Bitcoin has increased much more after five years from the present time. The popularity of Bitcoin and the increase in the value of Bitcoin mean nothing to us if we don't have the investment. Let's say bitcoin touched 100k dollar but still we have no investment from this time till it touch 100k dollar but we have no benefit from this price increase. But we have to plan in advance how to get our profit from the investment. We need to invest as much as we can hold and plan to hold that investment for a long time. In case there is no extra pressure to invest, we can invest as we wish. If we can invest in Bitcoin now and wait for the future and hold our Bitcoins, we will definitely have the chance to profit from Bitcoin price changes.