Quote from: JayJuanGee on Today at 09:14:58 PM

Quote from: Ricardo11 on Today at 03:14:05 PM

Quote from: Aanuoluwatofunmi on Today at 02:22:56 PM

Quote from: Kliss on June 14, 2024, 03:13:16 PM

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

So make a sound plan to sustain yourself for a long time and start from any good startup point (whichever feels good to you). And don't panic after investing and start holding for a long time, you will see that at some point you have got a very good return.

There are some contradictions and ambiguities in the way that you are posting about getting started in bitcoin Ricardo11.

I doubt that anyone who is brand new to bitcoin needs to get too worked up about his/her entry point, especially since the presumption would be that someone who is brand new to bitcoin does not have any bitcoin, so therefore getting started would mean getting started by starting to buy bitcoin and perhaps figuring out some personal financial and psychological aspects rather than trying to figure out things related to BTC price moves or maybe even trying to figure out more technical aspects of bitcoin. Surely it can take people a decently long time to learn about bitcoin, so maybe to get started there might need to be some kind of initial belief that bitcoin is a good investment.. yet I have my doubts about that too.. since anyone should be able to adjust the size of his/her initial investment into bitcoin based on not having much knowledge and/or confidence in the beginning, yet learning more about bitcoin along the way so then as knowledge increases, more comfort might come towards investing more into bitcoin..

so then again, surely we have an issue that already exists with so many people not having any price exposure to bitcoin, so there are likely way more people who just need to get started in their investment journey into bitcoin and to study it as they go.. especially with something that is so likely to be promising like bitcoin and with so many people either having no exposure at all or maybe just a little bit of price exposure... so yeah, no coiners and or low coiners wait to your own peril.. and if you are already in bitcoin and you are suggesting that they wait rather than jumping in, you are not really helping them in terms of what they likely should be figuring out to do.. even while each person is responsible for his/her own finances and price exposure to something like bitcoin... which is that the only way to prepare for the possibility of UP prices in bitcoin is to have some BTC rather than waiting and/or studying the matter or trying to be overly strategic in terms of the need to just get started and at least to get some while studying the matter - or run the risk of just waiting and coming to bitcoin much later when bTC prices are likely to be much higher than they are now.. even though yeah, none of us knows exactly about the future prices of bitcoin.

I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.