Quote from: Mayor of ogba on Today at 12:38:39 PM

Quote from: letteredhub on May 29, 2024, 10:37:54 PM

Quote from: Zackz5000 on May 29, 2024, 09:52:24 PM

]
When talking about coin you should be specific about the coin you are talking about because there are several coin in the Market so you won't mislead other newbies or new investors to go and invest into shitcoins or aitcoins because of not been specific. And besides as a new investors it is not advisable to diversify your Bitcoin investment journey without accumulating much Bitcoin, with your DCA strategy you can accumulate much Bitcoin on a regular interval either weekly or monthly as long as you have set aside your emergency reserve and float fund, then after much you can choose to diversify into what that will still generate more income for you so you can be able to hodl your Bitcoin investment for a longer period of time.

What then could be said to be the right amount of bitcoin to accumulate till it gets to where you can be satisfied with it been much enough? I think in terms of knowing when to diversify into other investments the duration of years a bitcoin investor planned on accumulating using DCA strategy is what is important to knowing when you can them decide to diversify into other areas of investment. Without a prior set duration mapped out for oneself the investor may have not time bond target with his investment which could make him miss opportunities even in a right time to take profit.

There is no specific amount of bitcoin to accumulate when you are investing your money in bitcoin; you can accumulate bitcoin based on your greed level. Some people might be satisfied if they accumulate 1 bitcoin, some will be okay with 10 bitcoins, and so on. The time for you to diversify your investment should be when you have accumulated the quantity of bitcoin you want to accumulate. Don't diversify to any other coin since you have accumulated the quantity of bitcoin you want. You can diversify into physical businesses such as real estate or selling commodities, which will help you generate more money, and you will not be in a hurry to sell your bitcoin to get a better life. You can depend on your business to cover your living expenses until your bitcoin investment gets to the year you want to sell it.

@Mayor of ogba, we are both heading in similar way. Am just of the opinion that using a timeframe in accumulating your bitcoin will help the investor to effectively plan on how to allocate his money into his bitcoin investment either on weekly or monthly basis. The investor will also have a clear expectation which will help him to know if his success rate based on the amount of portfolio he was able to accumulate within the period and not just in a haphazard manner as though you don't have a lead way to somewhere exactly.