Post
Topic
Board Bitcoin Discussion
Re: What you need to understand about Bitcoin
by
BlackBoss_
on 10/07/2024, 03:03:20 UTC
They have a variety of people who are investing in bitcoin; some don't understand the market and will simply invest because others are making money from it; they don't believe you need to understand the market before engaging in bitcoin investments.
Understand basics about the market like Bitcoin market cycles and psychology of market cycle are very good starts for newbie investors.

Psychology of a market cycle

Bitcoin fear and greed index chart. It shows psychological effects on price.

Quote
That is a good start for investing in bitcoin by utilizing the DCA approach. He will help you reduce your risk, and I am sure they have many people who haven't used the DCA plan for their investment, because some in didn't favour them and they try to used there on method to invest and probably they can be profitable.
Dollar Cost Averaging (DCA) is a very good strategy for investors with some conditions for their investment.

Invest with own money.
Have reserve for other things, it means don't use all money for investment.
Have long term investment vision.

With DCA strategy and long holding time, Bitcoin can help investors to get very good ROI.
https://dcabtc.com/
https://casebitcoin.com/