Quote from: Rockstarguy on June 19, 2024, 04:49:50 PM

Quote from: moneystery on June 19, 2024, 01:41:12 PM

Quote from: avp2306 on June 19, 2024, 09:47:19 AM

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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.

what people need to be able to focus on their investment is they need to think about the big picture of their investment and invest the money that they are ready to invest. because there are many investors when doing DCA they are not ready to use their money for that, and when the market experiences a shock, they end up worrying about their assets that are decreasing in value, and then they sell some or all of their assets because they are not sure about the market. that's why the key to DCA investment is how someone can be consistent and invest some of their money that they are ready to invest and let it grow in their wallet.

I think the essence for DCA investing bitcoin is for one to be a able to afford a fixed amount to invest in bitcoin but when one is investing with the fund that can't be afford to lose that means the person is going contrary which can end up as a bad investment because of the volatility of the market. The DCA method has made investment to be very easy for everyone and for people to invest without fear of losing and for one to be able to have a reserved fund that can be use for emergency .

It is out of greed people invest with the money they can't afford to lose because they want to make quick money and huge profit, people make this mistake because of lack of understanding. Someone who truly understands bitcoin and the market will never use all the money they have to invest bitcoin because it is a wrong investment plan that will result to nothing.

but still there are people like that in the bitcoin market where they invest money that they shouldn't invest in the hope that they can get profit when the bitcoin market is going up, especially when the market is bullish, there are many people who FOMO and just follow other people investing in bitcoin, maybe because they are inspired by the news where someone gets millions of dollars, then he invests all his money without realizing the risk of the investment he made. things like this are what investors should avoid because they shouldn't invest in bitcoin when they themselves don't understand what it is and just hope that they can get profit with the price increase, it feels like gambling your money.