Quote from: synchronym on Today at 01:12:50 AM

Quote from: SmartCharpa on August 14, 2024, 10:52:11 PM

Quote from: Wind_FURY on August 14, 2024, 05:38:37 AM

Bitcoin is above $60,000 again. Many of us almost got very excited for the possible opportunity to purchase Bitcoin below $50,000 again. Haha.

But sometimes we probably should start thinking that in 10 or 20 years, many people will look at the price of Bitcoin and they will be very sick in their stomachs because they will be asking themselves how they have missed all the price appreciation of an asset that was designed to surge because the Central Banks around the world have that never-ending policy to print money.

Of course, in the next 10 to 20 years, many people will look back and bite their fingers, blaming themselves for not taking the risk and investing in Bitcoin when the price was still below $60k. At this point, many individuals will regret not purchasing Bitcoin last year when the price was around $25k, and others who did will wonder why they didn't accumulate more when the price was still lower. It's better for those who want to invest in Bitcoin to do so while they still have the opportunity because they will regret their actions later.

Quote from: Jewan420 on August 14, 2024, 05:36:46 PM

I totally disagree with you. An investor should not look at the Bitcoin price at all, when you invest in the DCA strategy, why do you need to look at the price? DCA strategy requires you to buy when the price is up and buy when the price is down.

You are correct, a professional investor does not need to check the Bitcoin price before investing because they already know the price pump and dump, however, I believe that only those who are new to the market should consider the price of Bitcoin before investing, because they had to start with a low price and gradually raise, some newbies to the market may choose to begin with a low price because they believe the Bitcoin price is too expensive for them to start when it is high.

Those who are new to investing in bitcoins have other important things to do besides checking the value of bitcoins, for those who are new to bitcoins it is very important to invest patiently. Many times it is seen that new investors are too hasty to invest and due to hasty investment they may end up in losses rather than profits. We should always have a long-term plan before making new investments. If we have a long-term plan and wait patiently to see what the market wants, we will surely achieve enough success through investment that will make us more interested in investing. Many times we lose patience so we should not lose patience. Patience is very important in investing. If we can invest with patience then we will be very successful in Bitcoin investment. The most important thing in Bitcoin investment is that we should first gain enough awareness about Bitcoin market. If we know enough about Bitcoin market, we will invest Bitcoin more carefully.

There is nothing absolutely wrong if a newbie could make mistakes in his or her accumulation process, what is most important is how he or she was able to handle it by learning from the mistakes.

The narrative of first gaining enough awareness or knowledge about Bitcoin before getting started has been overly emphasis as not a major criteria for anyone before come into terms with Bitcoin investment, the basic knowledge is what is most important, get the fucking started and figure out other things on your way up, in a nutshell i will love to say that experience is the best teacher hence, you can't gain this experience just sitting around the corner.