Quote from: sotelorene on Today at 10:52:37 AM

Quote from: KeenanEl19 on Today at 08:58:18 AM

Quote from: JayJuanGee on Today at 07:05:21 AM

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

That's right, whether you've been involved for a long time or are new, you still have to have a strategy, even if you or someone else who has been involved in the BTC world for a long time definitely has a strategy. I read and learned a lot of new things when I entered this thread, although I rarely comment, but listening is not a bad thing. I often read the comments on this thread because here I think I can find new lessons and insights about BTC.

Of course, getting a strategy that feels right takes time, I myself am currently studying the DCA strategy which is talked about quite a lot. This is interesting because I think everyone can do this strategy, even beginners, but there are many factors and aspects that must be considered so that everything goes well.

Quote from: jossiel on July 24, 2024, 10:04:56 PM

That positive mindset is being disrupted when you're less experienced. And this happens to many investors that whenever a few falls happen, they all panic.

But an investor that has enough experience of buying the dip and holding for so long, there's no inch of movement to their emotions happen and that's why holding firm has been an easy action for them.

Of course, to invest, you need sufficient knowledge because if you lack knowledge, the investment you make may lead to more losses. Of course, everyone doesn't want to experience losses, so if you really want to invest, you must have sufficient and good knowledge first. I myself am looking for learning. Just from this thread I think I can take some lessons from the many comments there are. Even though we may occasionally have to be brave enough to take risks, if there is a lesson that can be understood to minimize the risk then it is better to learn it, after all it won't result in a loss either.

Restraining myself is not an easy thing, I still can't control my patience very well, I'm still preparing myself to be more ready to do everything.

To have knowledge is good before going into anything be it business, investment etc but you sound more like someone who's talking about trading because I don't understand what loss you are talking about I mean the place you will be talking about loss is trading not investment when you invest, everything is safe and intact provided your wallet seed phrase is safe again you don't need to know everything about crypto before you can be able to invest perhaps there are basic things one ought to know to be able to invest and in order for your investment to yield good profit you have to be patient and discipline and the best way to invest is using the DCA method.

It is Bitcoin discussion thread such that making use of the term crypto as you just did in your explanation seems to be very off hence your are meant to say Bitcoin instead using the term crypto since a newbie coming to the thread might not really understand that it is Bitcoin you are talking about, it would be better for you to be specific as not to pass misleading information in your subsequent posting. Specifically, it is Bitcoin investment that doesn't require anyone having much of the knowledge before entering the market such that the basics becomes essential while you learn more on your way up which is the one of the benefits of the DCA strategy.