Quote from: Sim_card on July 18, 2024, 06:58:04 PM

Quote from: $crypto$ on July 18, 2024, 01:31:30 PM

Quote from: Kliss on July 17, 2024, 03:12:38 PM

Bitcoin investment can likely be compared to a farmer growing and keep nurturing its crops despite weather conditions such as sun, rain etc but waiting for the appropriate season to reap the rewards.

The ups and down of the bitcoin trend can likely be reffered as weather conditions but an investor should not be worried but stay focused on accumulating despite market fluctuations. Staying patient and consistent, the appropriate season will come when your investment in bitcoin will definitely yield profit. Investor should learn not to get caught up with short-term situations in the market but having the bigger picture of what bitcoin is capable and what it can offer.

You describe in the right analogy in bitcoin investment, because if it is like not taking care of it really that it will fall apart will not be harvested in the right season, all forms of obstacles that affect the market should we have an uncaring attitude, which cares about accumulating without seeing any obstacles.

In essence we have to go through various obstacles in bad weather, one day it will subside as well as the conditions of the bitcoin market which fluctuates sometimes negative news comes unexpectedly, at this moment the market goes down we prepare a container to buy again at every decline, that we have a long goal in bitcoin 10 years is ideal, I know it's a long time, but you will never regret it if you accumulate for a long time.

This is why as a bitcoin investor one needs to plan for Upity and Downity when we are investing. Using DCA as a new beginner and using the appropriate discretionary income to buy bitcoin regularly for a long period of time without stopping for any reason will make it easy and fast for us to continue our bitcoin accumulation journey whether the price of bitcoin dips or pump because you are only buying and buying and buying.

If you have set up your reserve funds that can be used to buy more Bitcoin in the dip together with your regular DCA, and if you have an unexpected amount of money, you can lump sum immediately without thinking twice. Emergency funds reserve funds and floats are good to be in place so that whatever happens in the market will not be your concern.

Correct since if they don't plan well their possible action made then provably that they could make mistake especially for taking wrong approach towards their investment decision. That's why its really good to have appropriate knowledge towards basic thing before investing so they would know what are things that need to pay attention before they start their accumulation. People really need to have appropriate income so that they can make all of things well. Since its important to consider that in long run they have reserve funds to use for good situations where we see an opportunity to accumulate and also have separated funds for emergency situation since this will give us relief in any situations that doesn't align to our plans. Lots of people forget about this but for sure they can read this discussions and learned a lot of things that needed to take note since it will help them to succeed on their long term investment made.