Quote from: Sim_card on Today at 09:42:45 AM

Quote from: betswift on Today at 06:24:37 AM

Quote from: pawel7777 on August 20, 2024, 05:29:58 PM

Quote from: SuperBitMan on August 20, 2024, 11:41:36 AM

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So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
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The problem is that low-income people often struggle to make ends meet, as any unforeseen expenses can push them over their budget when they no longer have spare cash to invest and their DCA purchases become inconsistent.
Knowledge of investing is always a good thing, but investing itself is not a universal, fit-all solution. People with low income should be primarily focused on increasing their earning potential (aka investing in themselves) rather than investing small amounts in assets like crypto or other markets.
When you don't have much to invest, even hitting great returns won't earn you life-changing money. It often creates a false sense of "having something going on" for you and makes you content with your current situation, whereas spending even a few years on getting real-life skills and increasing your earnings would elevate you to a higher level much faster.

Yeah, it may be hard for some because they see in cryptothe way to change their lives for the better or even turn them upside down, but it's not done in a second or even years. The knowledge comes gradually and naturally for those willing to invest their determination and effort and not think only about the profits at hand.

Don't use the word crypto but bitcoin so that people that are reading this thread would understand that it is bitcoin you are talking about. Bitcoin should not be compared with shitcoins because they are far different since bitcoin has great potential and unique which is what an investor can invest in and hodli for a very long time and gain profit because it is a long-term investment.

Shitcoins cannot last in the market and we have seen a lot of them that crashed in the past, and more will keep on crashing overtime. A new investor should understand that bitcoin is not altcoin and should only focus on investing in bitcoin using DCA method to build his bitcoin portfolio buy always buying weekly or monthly consistently and persistently overtime and hodli for long, since bitcoin is a future investment and not a get rich quick scheme.

Basically here we discuss how to buy bitcoin and hold long term in bitcoin investment, so hopefully this comparison between bitcoin and crypto is easy and newbies are also experienced about it. Bitcoin and crypto are not the same, so if we buy Bitcoin following the DCA method as the price of Bitcoin rises, we will find a lot of success in the future.
So we do these discussions so that newbies don't shy away from Bitcoin investing, even those who are scared of investing should look for these discussions. So I think discussing how we can hold Bitcoin for long term fun should not change the mindset of this topic by any other discussion.