Post
Topic
Board Speculation
Re: Road to 100k?
by
Jaycoinz
on 23/08/2024, 16:35:17 UTC

In Bitcoin I think it's easy, just invest in the long term with a large amount then it is very likely that you will get a big profit, I think we can make it simpler and of course knowledge is also important but I don't imagine that it is more needed than trust in investing in Bitcoin.

I don't know how to you got the idea of investing in Bitcoin with a large amount of money and expect huge profits because you sound like someone who will scare away beginners and people who has little amount to start with because they will feel that investing in Bitcoin requires huge amount of money which is not true, anyone can start making investments with a disposable income they have and not necessarily a huge amount of money.

Quote
And for the way we will do it I think everyone will have a different path for the same goal, for example a strategy to collect Bitcoin or choose the right time to enter/buy Bitcoin.

I don't really understand what you are saying here but definitely everyone has different investments targets so it depends what and how each individuals want to go about their investments and the strategy they find suitable for them.
Yeah, knowing and understanding the right strategy and method that suits your investment is really important and that's why many people be it newbie or even veterans in investment failed at some point in seeing that their Bitcoin investment becomes successful. There are so many things that could go wrong if the investor doesn't know or choose to follow the wrong advice just as this person is portraying right here and it's important we guide and correct this. DCA method is actually the best and most convenient method as it's involves less to do other than just dividing your income and using the part that you can actually spare to continually buy Bitcoin and also it's important too to have a tangible job at that because as an investor there are certain criteria that you must be ready for like keeping up extra funds for some uncertain events that won't warrant you messing with your investment like emergency funds and etc.