Quote from: Odusko on Today at 07:44:12 PM

The truth is that, those that are emotionally occupied with price action have no place for long term holding, and they can't make up for a good DCA position since the lack the requisite knowledge and frame of mind to undoubtedly take action on the market and achieve a position, this is very important to first take care of before any other things, so anyone that is emotionally unstable should at least stay away from the market for a well good time, and after the build the needed knowledge about price movement and when best to take action then they can return back to buy in some lump sum and take the right position.
On the other hand most of those that have made some positive progress in the DCA position have always have one thing to say about the one thing that fundamentallly helped them to achieve such a financial state, which is persistent buying of Bitcoin at anytime there is an opportunity to buy more and take a position, most times arriving at a financial goal through Bitcoin may be hard for those that lack the consistency to take position frequently, and most of those set of people are those that may lack the right knowledge and commitment to make continues progress in the DCA journey.
Long term holding is the best way not to lose our on the future gains that the market present, so not taking action along market sentiment will ease you up alot, and in doing so you have to note that you only lose when you sell your Bitcoin at below the price you bought it, that is why you have to have long term perspective and goal before you start your Bitcoin accumulation journey.

You are getting it all wrong here. A successful long-term investment doesn't require an investor to completely stay out of the market until there is perfect knowledge. In as much we talk about the dangerous of timing the market a lot it doesn't mean that one shouldn't check on his investment from time to time. What you need to understand here to be clear is that emotional control and discipline are what is important for long-term success. When you start investing through DCA it doesn't stop there. Investing, knowledge, and discipline is what investors need to suit their risk and tolerance for a successful investment.

And don't forget that knowledge is a continuous process, there is no perfect knowledge when it comes to investment. Technology is constantly evolving. While we prioritize knowledge along our investment, is unrealistic to expect to have all the answers before starting to invest. We frequently learn and adapt to what we have learned alongside our investment.

Quote from: JayJuanGee on Today at 08:21:39 PM

Your post is confusing, Odusko.

Surely folks who are emotional about investing (whether bitcoin or otherwise) need to figure out ways to deal with their emotions, yet I doubt that waiting or studying or whatever investigation you are suggesting is going to be as helpful as just jumping in.... So emotions should be able to be managed in accordance with investment size, so there would merely be a need to figure out if they have disposable income or not, and if they have disposable income, then they are 100% ready to invest into bitcoin, and so they would just need to figure out how much and of course, from where to source their bitcoin. If they either don't have disposable income or they cannot figure out whether they have disposable income, then they need to figure that out first. Persons without disposable income are not in a position to invest into bitcoin.

Surely any newbie to bitcoin is likely going to need to continue to study and/or figure out their cashflow management situation, to the extent to which they might not already possess that level of knowledge, and so surely each person is responsible to figure out their own level of competence and to figure out ways to invest into bitcoin in ways that are within their level of competence, since no one is going to necessarily help them out or bail them out if they fuck up their own level of investment into bitcoin or if they under or overinvest into bitcoin based on their own lack of competence and their choice to not gain further and/or sufficient competence to match their level of investment into bitcoin... so surely, anyone could end up fucking up their own bitcoin investment in either direction, which would be investing too much or investing too little... so any assertion to get started investing into bitcoin as soon as possible does not alleviate anyone from achieving their own level of responsibility through whatever level of due diligence they need to carry out when they choose whether and/or how much to invest into bitcoin.. and the various BTC accumulation strategies that might be included in such decision to invest into bitcoin if they end up going down the investment route.

You're right here! I remember when I was a kid playing Super Mario, we would always start our adventure and along the path, we collected stars that would give us extra lives in completing our adventure. But I don't need to collect every single star before starting my adventure. It's similar to this case here. Knowledge is like an extra lives in Super Mario. It helps us overcome and survive things when they get tricky along our investment (emotion, price swings to mention a few). But we do not need to wait to acquire all the knowledge before starting our investment.