Quote from: Pi-network314159 on July 10, 2024, 05:15:06 AM

Quote from: Jewan420 on July 10, 2024, 01:28:26 AM

Quote from: red4slash on July 09, 2024, 04:10:53 PM

But on the other hand, sometimes beginners actually don't really care when the increase or decrease occurs because their focus is not only looking at the chart but actually buying as much as possible as long as they can because they still believe that being in bitcoin will be good enough for them even though the initial intention is still only focused on instant profit but I think that is the driving force for them to stay in bitcoin.

Regular buying is called the DCA method, which is ideal for beginners.

weekly regular buying which is DCA is to strategically for only beginner but for all both new and old investor. when explaining make I clear for clear and precise.

Quote from: Jewan420 on July 10, 2024, 01:28:26 AM

The method that allows you to buy in both bullish and bearish markets. In this case newcomers must commit to investing for the long term and try their best to keep the commitment. The temptation of instant gain can make them suffer. Because, inexperience with Bitcoin can prove wrong in their market analysis. If they buy and sell bitcoins focusing on immediate gains and facing frequent losses, they may become disillusioned and move away from bitcoins, which is a negative for bitcoins.

yea you are right. the problem most newbies face is the inability to endure long term investment, they are easily tempted to make some little profit from the ups and downs of the market, and may be driven to make wrong decision by selling their bitcoin holding due to a temporary market fluctuations, and may make a wrong decision of investing in alt/shitcoin and later regret after a massive dump without rise because that is definitely what's gonna happen.

Quote from: Jewan420 on July 10, 2024, 01:28:26 AM

I never want newbies to lose even a small amount of money from Bitcoin. If they develop negative thoughts about Bitcoin, then we can say that Bitcoin's future may turn to dim.

it is true that you don't want newbies to loose a dim from bitcoin, but what is their faith? because personal decision matters alot in bitcoin investment. when a person don't have a long term focus as you do, then surely your plans for such person may never be accomplished due to divers/different focus. thats why we keep repeating ourselves to make sure everyone here both newbies and old bitcoiner here to absorb every bit of the investment approach, and becomes a better investors and have thesame focus, even if all may not have thesame focus but majority will have.

Quote from: Jewan420 on July 10, 2024, 01:28:26 AM

Newbies will drive Bitcoin in the future, the future of Bitcoin depends on them, if they create negative thoughts about Bitcoin then we should be worried about Bitcoin.

it is true newbies have a big role to play in Bitcoin growth. the future of bitcoin is determined by newbies because if they are misinformed about bitcoin then they may get distracted by rumour and social media influencer and divert all their fund to other sources. where as bitcoin need more investors to keep it going up to add liquidity. and bitcoin also need miners to add transaction to mempool for fast transactions. I even see that miners also have great role to play in bitcoin longevity than HODLers because if there is no miner there will be no bitcoin. but as the case may be, there is no how miners will not be part of bitcoin journey, because that is the beauty of blockchain technology. in this case all both miners and HODLers have important role to play for the growth of bitcoin.

The amount of people underestimating increments is just baffling to me, just because you can't see immediate gains doesn't mean you're not gaining anything at all!

DCA is an even more powerful increment system as it not only ensures you always have a stake at a cryptocurrency of your choosing, it also gives you access to one of the most profitable ventures out there which is crypto investing, so the money that you initially invested yesterday's got a massive chance of becoming an even bigger amount of money tomorrow. So yeah, DCA-ing in crypto's just one of the smartest things you can do for yourself and for your money.

A dollar goes a long way, and if in any case I would highly suggest you do the 30-day system too! You put in a dollar on your first day of investing, 2 dollars on the next day, 3 dollars on the third day, and so on and so forth until you reach either 30 bucks or 31 dollars, by then, reset and rinse and repeat. This should allow you to put in a comfortable amount of money, and even better, it hastens your DCA investment process cause compared to having put a certain amount of money once every month or week or so, you do this shit everyday.