Quote from: Tmoonz on Today at 03:40:24 PM

Quote from: Zackz5000 on Today at 12:55:54 PM

Quote from: EluguHcman on Today at 11:29:34 AM

The fantasy to Invest on cryptocurrency is to actualize profit but after being invested and the market made frowning of Dipping while you expected increases based on your investment goal, you can actually panic to sell when you do not trust the coin you invested in but if invested on Bitcoin, I bet keep hodling and buy more at the Dip and keep hodling will incline you a whale accumulator because after the Cons comes the Pros.

Some new folks here might get confused trying to read down your explanation, did you know that cryptocurrency is a general name given to all the coin including Bitcoin and shitcoins? I almost got confused when reading it because you mentioned cryptocurrency how untrusted they are which means Bitcoin in included so try and give it a clear clearification so newbies will get full understanding of what you are actually talking about, if it is altcoins, shitcoins, or Bitcoin you specify the particular one you are talking about rather than generalizing it to cryptocurrency because Bitcoin is also part of cryptocurrency.

@Zack5000 I think you misunderstood EluguHcman
narratives as his explanations was not in any way suggesting or generalizing cryptocurrency in terms of Bitcoin and other coins perhaps he also made use of Bitcoin in his narrative as to adding meaning to his narration and I don't think there is any problem with that in as much as it is a Bitcoin thread his reference was very clear and understandable, the only problem I have with EluguHcman post is that he prioritized buying at the dip whereas the DCA strategy allows you to buy at all times irrespective of the market condition.

while he might not be making any general statement, it's necessary we get used to making use of the word Bitcoin and not just mere coin or crypto. An average person out there is already getting misinformed with regards the difference between Bitcoin and some coins that's out there and with the way this thread is growing, we can't tell how useful it will be in the future and making use of a word that has the tendency of giving readers a mix or mared understanding of what Bitcoin is should be totally discouraged.

It's necessary as we continue in this discussion that we make use of the right words at the right time and in the right way. It's also good that we learn to understand the reason why it's not advisable to only wait to buy during the DIP. as people continue joining the discussion, they will certainly come with an uninformed mindset and a lot of us came in with those kind of mindset, it was through regular correction and emphasis on these things that helped us get the right narrative on why it's not advisable to invest in a other digital asset outside of Bitcoin and we also got to know that it's right to buy Bitcoin as long as we have the means to doing so and hold it for a long time while we keep on buying which is what we've come to know as the DCA methord. We're all learning and striving for perfection and with a combined effort by all of us, we're going to grow together to have a strong Bitcoin portfolio through the advice and motivation we can gather from ourselves.