Quote from: Son Of Blockchain (SOB) on Today at 02:47:03 AM

Quote from: Odohu on August 22, 2024, 10:56:04 PM

Quote from: Lidger on August 22, 2024, 01:12:06 PM

Everyone has their own strategy when it comes to investing and I certainly appreciate the fact that everyone invests in their own strategy. If we follow others directly in the field of investment then we will never be satisfied with our investment because if one person is successful by investing in different strategy, I may not be successful by investing in the same strategy.

Statement like yours defeat the aim of our discussion here because going by that, people might go in search of their strategy instead of using what works and its being recommended here by people who have actually tested them and have even made some improvements that helped them become more effective. For instance, I was doing something else before joining this discussion and when I joined, I learnt about the DCA method of accumulation from @JayJuanGee who did exceptional job in it. Quickly, I started using it and it was not long that I saw real peace and progress in my Bitcoin investing, for which I'm eternally grateful.

Assuming I followed your type of advice, I would have moved ahead in search of supposed personal strategy and that would have mostly likely landed me into shitcoins where I came from with so much regrets. So, the reason we are here is to exchange ideas that will help us become better in our investing and to remain adamant about what we believe in even when it is not working fine or giving us much positive result.

Well said mate, I think it's best to learn from other people experience it is the best teacher, the DCA method of accumulating bitcoin is one of the best method I know of cause it gives an investor the mindset of being consistent in accumulating more bitcoin, so instead of looking for other Strategies that could make one loose their asset in the process it's good to stick to what works best.
Atleast it's been proven by @JayJuanGee and you, else you guys won't be preaching about it to others here, so @Lidger, instead of experimenting other Strategies you should stick to what works best and have been tested and trusted by other members.

Experience is the best teacher no doubt but sometimes you can not possibly learn from other people's experience because you won't know or understand the magnitude of the experience and I want you to know that every strategy is unique in there own way, DCA method doesn't give investors the mindset of being consistent rather investors disciplined themselves and know what is right to do because there are a lot of investors who uses the DCA method yet they are not consistent with it so that method doesn't give investors the mindset to be consistent. Just like I said earlier any strategy can be good and perfect depending on your capacity, you are sounding like a trader at the end of your post however, you can't incur loss because of change of strategy rather you can become stranded and biased if you don't know how to manage your investment and your income.