Quote from: cryptoWODL on Today at 12:23:13 AM

Quote from: Skfox on May 10, 2024, 05:05:55 PM

-When is it the right time to invest in bitcon?
-How can one start planning?

What is bitcoin and how to invest in bitcoin before you gain knowledge about the process and make yourself experienced about it. Many people may think that investing in Bitcoin is too complicated, they need to understand the risks of investing in Bitcoin or how to properly invest. I don't have a specific time limit to invest in Bitcoin because I invest in Bitcoin whenever I get the chance. But when the price of Bitcoin is dumping, every dumping creates more opportunities to invest in Bitcoin.

To invest in Bitcoin we need to plan properly in advance and we need to have cash capital. If you prepare yourself to invest in bitcoins, you can buy more bitcoins at once if you have a large amount of money. Again, if you don't have a lot of money at once, if you have a source of income, you will be able to continue investing your bitcoins on a regular dollar cost averaging basis with the money earned from that. If you expect more profit in the short term by investing in Dollar Cost Averaging method then it is wrong because investing in this method requires you to have patience for long term.

The main step in investing in Bitcoin is that we must have good knowledge about Bitcoin, because there are many examples where people are disappointed after investing because of their lack of knowledge about Bitcoin. once we know the risks and rewards of investing in bitcoin, then we can plan the purchase, because of course there will be a good area to make a purchase, so that we get more bitcoin, and of course patience is the main key to success, considering the bitcoin market very volatile