Quote from: Popkon6 on Today at 04:12:55 PM

Quote from: laijsica on Today at 07:10:55 AM

Quote from: lombok on May 27, 2024, 11:56:29 PM

Quote from: Bravut on May 27, 2024, 02:09:47 PM

Yeah, our endpoint is profit but only those without plan, target will get caught in this analogy of yours especially those who were present for immediate profit (gambling Bitcoin prices). Every financial market has time or seasons, let me say something have we considered why; Price sells from a particular point and why it buys from a point too, who were those involved, who bought at that higher price, who sold at that price, this are simple question we ought to clearify.

I always and will keep laying emphasis on the need for having a target and being discipline, DCAing with getting exhausted and allow the market do it thing and not being fretful because of pump or dumps in the market.

Sometimes new traders still find it difficult to carry out plans like that because usually they still use trading money from the money they use for their living needs so that when they are trapped at high prices they feel depressed and sometimes also consider cryptocurrency trading as gambling. As new traders they must get proper guidance.

Short-term trading has multiple psychological and socio-economic risks that will only increase over time as inflationary pressures add urgency. Every negative pressure can create a hindrance in your investment and even cause a downward trend in value which brings more depression. By well planned DCA management and long term investment in Bitcoin is a profitable system with high risk reduction. Many may think of starting their investment a bit late to buy on dips but Bitcoin tends to rise over time. New investors must DCA their deposit plan and have the necessary arrangements to manage for the long term. New investors can do more study in getting proper guidance about DCA strategy.

Of course, it is very important to proceed according to proper planning before investing and especially to take proper care of each level in the long term. Bitcoin is more used to competing with constant price movements so it is recommended to be extra care about holding during bullish periods with increased buying during bearish prices. Every DCA should aim to be long-term and at least 4-10 years so that accumulation assessment is properly obtained. The accumulation level should be such that the focus should be on the long-term goals rather than the primary focus on the value of Bitcoin. When an investor focuses only on time then his holdings grow over time then I am preety sure his more profit is likely to multiply.

DCA method is the best method it is correct, you need to have plan to invest. Because without a plan it is never possible to reach the destination, if you follow this DCA method you will definitely be successful if you invest in Bitcoin. But any time you face an emergency, it's important to have an emergency fund. Because you can meet your basic needs from this emergency fund and thus save your investment. You can keep your investment for longer term, so I think planning is most important to save your investment.