Quote from: lepbagong on Today at 04:30:07 AM

Quote from: Mayor of ogba on June 22, 2024, 11:34:15 PM

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Quote from: Ludmilla_rose1995 on June 21, 2024, 10:28:40 PM

why do many investors recommend investing in bitcoin using the DCA method, because you can accumulate your assets stably and consistently with the same value every month and it has been proven that those who apply the DCA method will profit in the long term

The DCA method is a method that requires time to carry out, so it can only be carried out by people who have enough patience, especially when it comes to continuing to buy Bitcoin and not wanting to sell it again in the short term in any condition. This means that this method is usually used more often by people who like to collect and accumulate more Bitcoins before making a target release back into the market at a duration that ordinary people cannot predict.

Accumulating bitcoin with the DCA strategy allows you to accumulate bitcoin freely without waiting for the market to dip before you can accumulate bitcoin. With the DCA strategy, you can accumulate bitcoin anytime your money is readily available, and you can accumulate bitcoin even when the bitcoin price is increasing or decreasing, which will make you not be concerned with buying the dip because the DCA strategy has you covered. Controlling emotions is another reason why people accumulate bitcoin with the DCA strategy, so that their minds will not be troubled if the bitcoin price drops after they have accumulated bitcoin.

Maybe we have to admit that what you say is what should be done at this time, when the DCA scheme is a good thing to do in any situation and can still be used, because it does not affect situations that might occur but can still be done well and measurably.
Before reaching the end of the goal, this scheme can still be implemented even if the market situation is not good or is increasing. What is needed is the goal and how long we will end this scheme in order to get maximum results.

You have to settle on your own goals lepbagong, because each of us is going to have differeing circumstances, including if we came into bitcoin with capital or if we might have started with minimal investments and then over time we might start to become more informed about our longer term goals after we spent several years accumulating BTC.

Take your own situation, for example, it is possible that you could have already been buying bitcoin for the past 7 years, and if you did, then your own goals would be affected partly by your past performance and/or where you are right now as compared with where you might want to get.

So for example, if you had been investing $50 per week into bitcoin for the past 7 years (since your forum registration), then you would have had invested around $18,300 so far and you would have accumulated about 1.65 BTC. Sure you would be in a decently good place, especially compared with a no coiner, yet you still might feel as if you have not quite accumulated enough BTC in order to start to employ some kind of a sustainable withdrawal, so maybe you might consider some kind of an investment plan that takes into account how much you have already invested and also how many bitcoin you have accumulated so far.

I am not sure about what you are wanting to achieve with getting "maximum result," even though I personally tend to suggest that guys try to invest into bitcoin as aggressively as they can without over doing it.. but still there are even boundaries in terms of what might be considered aggressive, overly-aggressive, whimpy and/or over doing it and also various details regarding how well your finances (cashflow and psychology) might be in order prior to employ more aggressive BTC accumulation techniques. if that might have been what you were suggesting by the desire for "maximum results."

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Quote from: Bravut on June 21, 2024, 02:10:56 PM

Quote from: Onyeeze on June 20, 2024, 10:51:53 PM

Do you know that the best way to make a profit in Bitcoin is when you purchase your Bitcoin and the store for longer time before he use or you sell your Bitcoin many people does not know that the longer you hold your Bitcoin they more the price of Bitcoin appreciate, but people who is new into the system does not really like to invest for long time and when we are making this reference or this suggestions that the longer your investment in Bitcoin the more you are accumulate more profit depending the percentage of the market at that moment

Holding of our Bitcoin is a testament of Discipline and Patience, one thing that is certain in a financial market is that the investors trait reflects in the market meaning we take decisions and actions which reflects us directly in a financial market. With a long term view we expect our hodlings to appreciate and not necessarily short term spikes.
Same time we must understand that while we hold as you say, it is very important to accumulate more Bitcoin thus increasing the stash of Bitcoin in our portfolio which in turns gives much or lesser profit. With a suitable and convenient strategy and plan which would not be exhausting.
In essence I can't just advise someone to hodl onto a purchase (Bitcoin), when such investor can accumulate more.

If you are saying you can't advise someone to hodl onto their purchase Bitcoin it simple means you are telling or advising them to sell out their Bitcoin hodling for this can be a misleading information to new investors or those that don't understand the importance of hodling their Bitcoin.

I think you are not getting the point @Bravut was trying to make on that aspect because if I understand him correctly he is trying to state the fact that is not advisable to ask an investor to only hold the little he had accumulated but that instead they should always continue on their investment, which is actually true because so many people especially the newbies on Bitcoin investment believes that even as little amount of Bitcoin they have on their portfolio is enough to fetch them a good profit in the future, which we no that is not actually possible because lets take for instance someone invested only $50 on Bitcoin and decided not to invest again hoping that in the future the $50 will worth huge profit, which is not possible because the profit will not be much compare to investors who are consistent.

Surely guys have to do what they can, and yeah, many of us likely realize that it is better to start out with some kind of a bitcoin investment plan that involved consistent and persistent BTC accumulation for several years before we start to relax in terms fo the quantity of BTC that we have, and surely guys might come to differing conclusions in regards to how much is enough including that a guy might change his mind about his allocation level, so maybe he considers that he should have 5% of his investment portfolio in bitcoin, but then later he comes to some other conclusion that might shrink the level so then he might start to invest into other things in order to bring his BTC investment level down, even though maybe he never sells any BTC, the size of BTC allocation starts to become a smaller portion of his overall investment portfolio.. yet we likely realize that if the guy continues to hold bitcoin and does not sell bitcoin, then it is likely that his bitcoin will outperform his other investments and may well start to cause him to conclude that it might be better to retain higher allocations of his investment portfolio to bitcoin.