Quote from: knowngunman on Today at 12:11:25 PM

Quote from: KeenanEl19 on Today at 08:58:10 AM

Quote from: Churchillvv on August 12, 2024, 09:24:09 PM

Perhaps the only way to learn is to ask questions, I would prefer you ask questions where seems confusing to you than for you to create some level of assumptions that seems very lame and unrealistic. looking at the context of the thread there are few other threads where you can learn basic things about bitcoin investment and smarter ways to buy and hold for a longer term if you indicate interest in them or such thread I will be glad to refer you to some of JayJuanGee's thread which he discussed the basics on each entry that you could make. this threads are even suggested outside the forum which shows the level of original and how true it is, now I would love you to ask or request for links if you're interested but if not you can stick with this thread and ask questions instead of confusing others with your own perspectives.

Okay, thank you in advance.
In this thread I read a lot about DCA, and after I found out that this strategy I think everyone can use it because it doesn't seem to need a lot of money to do it, you just have to be consistent in doing it.
But is DCA the best strategy to use?

This question will not have a definite answer simply because each individual has their preference when it comes to accumulating more bitcoin. The one that work for you might appear best to you. To put it straight, DCA is a popular strategy that mostly everyone is familiar with for accumulating bitcoin or other cryptos. Without doubt, it's actually a solid strategy but whether it is the best depend on your goals. So, the best strategy is the one that aligns with your goals and that's why jumping into bitcoin or cryptocurrency at whole without personal research is not advisable. You ought to analyze different methods to figure out the one that best suit your goals and stick to it.

If I get you correct you are saying that it is advisable for someone to first make a research and figure out a strategy that best suit them, well making a research and finding a strategy is not a bad idea but it's not necessary I mean it's not a criteria that one ought to meet before they start investing in Bitcoin perhaps the basic knowledge is what is/are needed and then with time they can start figuring out those stuffs you are talking about and you
can't possibly tell me for sure that those people that are doing well in Bitcoin investment first did research and figure out the best strategy that suit them because I know one can't know everything before starting any investment but rather they acquire some knowledge and insights along the line and it's not just about doing research and figuring out strategy rather what matters is how well one is going about those..., Because it will be a waste of time and energy if one doesn't utilize those strategy and what they got out of their research.