Quote from: JayJuanGee on Today at 05:58:51 PM

Quote from: Tungbulu on Today at 05:43:51 PM

Quote from: JayJuanGee on August 10, 2024, 04:16:53 PM

Quote from: Sim_card on August 10, 2024, 10:28:01 AM

Quote from: Ricardo11 on August 10, 2024, 09:55:00 AM

Quote from: Popkon6 on August 09, 2024, 11:43:35 PM

Quote from: letteredhub on August 09, 2024, 07:12:40 PM

Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.

Investing of course DCA method is best to invest in Bitcoin and not anywhere else. Because if you invest anywhere other than Bitcoin then your entire money will be at risk. So you should also have a plan how to make your investment long-term, and planning is most important to save long-term investment.

DCA method is the easiest method for any investor to multiply his money here. If the person wants he can deposit his money continuously weekly or monthly like when I enter this thread I immediately start doing Bitcoin DCA method after few days. I'm almost two years past investment age and the most self-sufficient I've been since 2023.

Of course, the best time to invest is during the dip.You have to make a long term plan, and stick to that plan, you keep investing some part of your income regularly, and that investment must be from an income that you will never need, That is, you cannot depend on that invested money in any emergency. Don't panic and keep holding, and keep investing and holding until the real bull run happens. You will see that your ROI will be the minimum more than 3X after the original bull run.

The best time to invest in bitcoin as a new investor is immediately your have the money to invest whether the price of bitcoin is at the dip or not. This is because the dip is unpredictable and might not come at our own expected time, in the sense that we might not be ready when the dip will come. So getting started immediately with DCA after you have figured out how much of your discretionary income that will enable you to buy continuously overtime. It is better to start with little amount and know that you have started your bitcoin investment journey than waiting for the dip, because bitcoin price waits for no one.

There is power in DCA accumulation strategy because no matter how little you start with as a new investor, as long as you are persistent and consistent with it for 4-10 years and above, you will be surprised at how much bitcoin you have accumulated when you check your portfolio. Life itself is a gradual process and there is nothing that is done at rush when it comes to nature. Same applies with bitcoin investment, gradual growth of your portfolio by regular buying for long will make you not feel the burden of investing, and before you know it, you have acquired a significant amount of bitcoin in a very long period of time.

Those that are waiting for the dip, as a new beginner into bitcoin investment are looking for easy way to accumulate more bitcoin with little amount of money which the probability of that happening is 50-50. But with DCA, you have the opportunity to take average of the market at different prices to increase your bitcoin portfolio.

Planning to buy during the dip puts you in the wrong mindset, especially for newbies or anyone who has not sufficiently and/or adequately prepared for up, and the ONLY way to prepare for up is by buying bitcoin.

Buying and investing in Bitcoin is infact the best way to venture into the Cryptocurrency market and also the only way to guarantee the safety of your funds but to make that a reality, its important to employ an effective strategy because its not just about Buying Bitcoin, it takes more than just that. For instance, the commonly adopted market timing approaches such as buying in the dips can be dangerous to investors, especially the beginners, just as you've rightly pointed out. Instead, take a buy and HODL strategy where you can find yourself holding Bitcoin for several years without selling to enjoy the benefit of its increasing value on the market. Thus, this strategy enables you to concentrate on the asset’s prospect and not the direction of its short-term performance. Also, one must take time and learn more about Bitcoin and the cryptocurrency market, and then know what they want to achieve financially and never invest a dime they can’t afford to lose.

We are not talking about shitcoins in this thread, and surely I would not recommend anyone to be fucking around with shitcoins and/or considering that shitcoins are the same as bitcoin, since even the term cryptocurrency lacks specifics regarding what to invest into.. so it seems quite problematic and misleading that it is even a good idea to think about shitcoins or to compare shitcoins to bitcoin in a bitcoin thread like this.

Absolutely correct and the earlier everyone understands the difference while contributing to discussions on this thread the better for us all, because cryptocurrency is an ambiguous words which could mean not just bitcoin alone but shitcoins altogether whereas the trajectory of the discussion on how to buy the dip and hodl by maximizing the DCA strategy is strictly on bitcoin. I think staying on course this was will help even newbies getting into this thread for the very first time to know specifically without getting confused or misled. Shitcoins ain't bitcoin and there's no logical comparison about that.