Quote from: rachael9385 on August 24, 2024, 06:00:48 PM

Quote from: mumang siat on August 24, 2024, 04:07:33 PM

Quote from: Jaycoinz on August 23, 2024, 04:35:17 PM

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.

It takes good skills and knowledge to become a wise Investor. The right strategies and techniques tend to bring perfect results and this includes the application of an Investor in measuring their techniques or strategies in seeing market movements, DCA is a very effective technique in terms of Investment especially we say Bitcoin asset Investment, but many new users do not understand this old strategy.

You don't need any skills to invest on Bitcoin because you are not trading it. It's only on trading that you might need something like skills to trade. When you are investing on Bitcoin with DCA method the only wise decisions you need is either to use Dollar Cost Average (DCA) method, lump sum or buy during the DIP. But I don't actually like waiting for DIP because Bitcoin doesn't dip all the time. That is why it's better to use DCA method to keep accumulating Bitcoin gradually until Bitcoin dips then you can buy enough Bitcoin at a time, and when it starts increasing you continue DCAing.

Yea, you are very much correct on this bro, you don't actually need any skill to start your Bitcoin accumulation journey, all what you need is the basic knowledge on how to invest in Bitcoin through the DCA accumulating strategy, then along the line, you might seek more knowledge on Bitcoin and how to hold successfully, then as for the dip, to me, it's just an opportunity that always present itself in the market for Bitcoin investors to utilize, so it's not ideal to wait for the dip before you start investing in Bitcoin, the best thing to do is what you have said already, which is buying and accumulating Bitcoin through the DCA accumulating strategy, then if their is a major dip in the market, you might decide seize the opportunity and buy aggressively during that period, only if you have the financial leverage to do so.