Quote from: Salahmu on Today at 03:06:07 PM

Quote from: retreat on Today at 07:43:44 AM

Now is not the right time to invest your money in Bitcoin, because currently the market is in a sideway position and most investors are just waiting. It's better to hold and see how the market develops because currently there is a lot of market uncertainty and at any time the market can drop.

On the contrary starting now if you have not is the right decision, however Is sad to see that even after learning from the mistakes and wrong decision most people has made especially the starters on their Bitcoin investment you will still like to repeat it again because the regret of most people has been that out of their desire to buy Bitcoin when it gets to a certain price and they ended up not buying at all because while they feel that is not the right time to buy Bitcoin that's actually when the price is moving more higher, so actually that Bitcoin price has not shown any particular direction is moving doesn't mean that is not good to invest now, so if perhaps you feel that this is not the right time to buy Bitcoin, then when will it be okay for you? However considering how the price movement was few months ago and people were also feeling that Bitcoin will drop more before they start buying but before they realized themselves it was already a regret for them, so as a holder it doesn't matter what the price of Bitcoin present at the moment but instead what is more important is your consistent accumulation because to be able to have a sufficient amount of Bitcoin in your portfolio you will remove the idea of any possible dip before investing.

What makes most people to miss out buying Bitcoin is due to so much exaggeration like drawing conclusions of how their investments will be when they haven't even made any investment because those times that are being spent in making analysis about the market can literally be a good time to invest because if we look at the price of Bitcoin since ending of last year till now it has encountered some significant gains so someone who has been waiting to see a real dip before they buy must has probably missed out. For example when the price of Bitcoin was around $35k, and an investor who wants to come in sees that the price was high and was waiting for it to dip between $20k to $25k and while waiting they discovered that rather than dipping the price tends to be increasing more and at last the price now got to this stage it is now don't you think that such investor would have lost interest and decides not to buy at all and that is the more reason why every price of Bitcoin is a buying point because you can't predict the outcome of the market easily since their are so many things that influences the market before it either depreciates or appreciates in price.

Quote from: Salahmu on Today at 03:06:07 PM

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

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.

You are right focusing on the future of the investment is very important because that would be your guardian that no matter the unforseen circumstances such challenges, speculations and Bitcoin price movement will not have any negative impact on your investment because your goal is to see what your investment will worth for you in the future, so in other words determination is one of the major factor to the success of achieving that.

Literally, you don't need to have all before investing that is why the DCA method is there for investors who are new because they are at ease and not under pressure of any kind since they will be investing same amount of Bitcoin while using the DCA so someone that doesn't have much money can start with the little they have and be investing from time to time so if their income increases, they can also decide to increase their DCA depending on the amount they can be able to invest in without it affecting other of their businesses or daily requirements.