Quote from: Lidger on Today at 06:14:42 AM

Quote from: Adbitco on Today at 01:43:56 AM

Quote from: Frankolala on June 18, 2024, 06:38:02 PM

Yea, the word "satisfy" depends on the individual bitcoin target that he feels is enough for him to acquire based on his own discretionary income in which he is using to buy bitcoin. However, I feel that anyone using DCA strategy to by bitcoin for as low as $10 might not get to the extend that he will say that he has enough Bitcoin until maybe 30yrs-40yrs time.

So considering the word satisfy, it depends on how old that you are and for how long will you continue building your bitcoin portfolio with the amount that you are using to DCA regularly based on your discretionary income. A rich guy who is ready to invest in bitcoin using DCA regularly without missing will have a high chance of reaching his bitcoin target because he has all the resources he needs around him to make it happen fast compare to someone that is an average earner.

A question to ask does someone really feel satisfied while holding Bitcoin? To me I will simply say no because as long as the cash keep flowing you would always want to accumulate enough Bitcoin since bitcoin wallet doesn't have a maximum limit, in as much as your income keep flowing and you apply DCA method then you can never be satisfied even though you have about 10,000 BTC once the income keeps coming you will always apply your DCA money to increase your portfolio.

Most people who had thousands of BTC never stop at one or two they keep increasing their portfolio through DCA except for those people who are on an average job that pays little that could take time to increase their BTC holding in their portfolio.

If we can naturally accept the fact that after investing in Bitcoin and holding that investment we may experience a temporary loss of money, then we will certainly not hesitate to hold Bitcoin. I have invested the market has changed a bit and if that affects us then surely we will not be able to hold our investment for a long time. You have to forget the illusion of the amount of money that you have invested and the amount of money that you will invest regularly and you have to assume that this money is fully deducted from your total money. The invested money will not be of any use to you, you don't care if you gain or lose, if you can plan like this, you will be successful in keeping your investment for a long time.

You provably not feel that especially if you planned already that some parts of your earnings will go to bitcoin investment. Also I cannot call it a temporary lose since your money is just their setting down on your wallet. So for not having any doubts much better to check your decisions first if you are really ready to invest on bitcoin for long term so that there will be no other distraction and you can focus your accumulation. You cannot do the DCA well if you are been bothered or not been satisfied so we need to focus on our investment and think more positive outcome from it. Also don't invest your hard earned money especially if you can't afford to lose it just use the extra one so to avoid getting much affected on the market movement since we know market is so volatile that's why we need to prepare our emotions for this scene.