Quote from: Notalony on June 20, 2024, 05:04:26 PM

Buying Bitcoin and hold for few months is trading which I can say is off topic because this talks about Bitcoin long term investment of about 4 to 10 years or more, with the DCA you can enter irrespective of price point, with Bitcoin long term investment plan invest anytime you have your money readily available for investment such that there is no best time ,@ jayjuanGee will always say that the first best time was yesterday and the second best time is today . Bitcoin is not a quick and get rich scheme.

What you have understood from what @jayjuanGee said is quite important knowledge for beginners like you because here we do not discuss trading or things that can throw Bitcoin into the market because of fear of loss or panic due to falling prices. Now the price correction is still continuing and this is an opportunity for everyone to make purchases with any accumulation and also any strategy. Because Bitcoin always has the potential to fly back after the price correction is complete, times like now should not be ignored by everyone without exception.

And beginners who already have an understanding of investing in Bitcoin in the long term, as you said, are usually beginners who already have a strong enough mentality to invest and buy Bitcoin with their existing accumulated capital. And if you are able to buy Bitcoin and hold it for four or ten years without selling it again in the near future, you will find something even more extraordinary than what traders feel in the short term because they are more tempted by small profits.