Quote from: Popkon6 on Today at 02:11:29 AM

Quote from: Felicity_Tide on June 10, 2024, 09:50:12 PM

Quote from: Mayor of ogba on June 10, 2024, 06:13:06 PM

Quote from: Fuso.hp on June 10, 2024, 07:14:36 AM

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I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Why try to build up funds before investing when the dollar keeps falling occasionally. The DCA method is very simple and straight forward. Just invest your budget plan the very minute your income comes in, and you will have a reason to smile in the future. Just as you've said, there is literally no pressure in doing this since it's a personal decision to choose a certain amount that can be invested on a regular basis.

Investors should immediately remember when investing in Bitcoin that they only want to accumulate fiat money before investing. But each of them should buy bitcoins with the price of bitcoins then it will be a worthwhile investment.
And must plan and participate in planned investments, if fiat money accumulates for a long time. And buying Bitcoin in one step with that deposit will never be invested under the DCA method. Investments should be managed through weekly or monthly investments on a regular basis with the price of Bitcoin.

Quote from: Felicity_Tide on June 10, 2024, 09:50:12 PM

This whole idea should be backed up with consistency and patience, as it's the only way to enjoy a DCA form of investment. There shouldn't be any pressure to sell either when you've made a proper plans to set aside the amount you are okay with. Assuming you earn $100, and choose to set $20 for your DCA approach, you shouldn't be tempted in anyway to touch your investment in years to come.

If you don't invest according to the investment strategies, you will stumble again and again. Because long-term investing can only be successful with the DCA method, because the DCA method controls the average level of Bitcoin purchases. This is the reality the more robust the plan is and deposit part of your income into Bitcoin, and deposit it into a strong wallet for a long time. Whenever a person buys and accumulates bitcoins repeatedly, he can definitely achieve success, and if he holds it for a long time, it is definitely possible to achieve success.

I agree with you. Dollar Cost Averaging (DCA) is a valuable wealth creation strategy that recommends accumulating regularly. You need to have a secure pool of disposable income when you adopt the strategy of depositing bitcoins through this method. Having sufficient cash liquidity to last long. Emphasis on accumulating bitcoins regardless of their value. To get a decent Bitcoin portfolio you need at least 4-10 years of uninterrupted accumulation over a period of time. Of course, depending on the size of your accumulated fractions to get a complete circle. The more you deposit each month the less time it will take to fill your bitcoin circle. You must remember that Dollar Cost Averaging (DCA) is a popular way to accumulate Bitcoins which I also follow. This strategy can be an ideal and timely means for people of any income to succeed. Holding the utmost importance.