Quote from: wahyuagung26 on August 25, 2024, 04:52:40 PM

Quote from: Ricardo11 on August 25, 2024, 02:47:31 PM

Every Bitcoin investor should aim to hold Bitcoin for the long term. Buying bitcoin regularly and patiently holding it for the long term is a best investing strategy. And the best way for this is DCA. Investing wisely doesn't always mean technical knowledge, but investing regularly in a disciplined manner, holding patiently for long periods of time, and making the right decisions at the right time, That is investing wisely. Everyone is wise in their own way and in their own strategy, and that personal right perspective is what makes an investor a successful investor.

Actually, every investor must understand what they are doing, how to do it and what to prepare. A wise investor has a good strategy in managing their investments and honestly they persist in considering the value of Bitcoin and the inflation that occurs in the crypto market, actually they understand it very well, continue to do DCA in every movement and of course they will save and survive with the increase they might be waiting for or with the target they are aiming for in their investment profits.

inflation in the crypto market? How does that work and affect how you DCA when we are talking about Bitcoin in particular with a fix supply?

Depending on what you're doing, thier are certain concept that don't necessarily have to be of concern to you as an investor so you don't look at Bitcoin investments to be one complex thing you have to analyze and over study the market to get in tune with all the infinitesimal variables that is associated with Bitcoin. As long as Bitcoin investment is concerned, your major consideration is that you have the financial means to buying Bitcoin and that you're also using the right accumilation strategy that will work well for you in the long term. Volatility is part of Bitcoin and will continue to be a part of it, if you're concerned about how volatile Bitcoin is, you're going to have blood pressure when you've built a good amount of Bitcoin and the market experiences some level of correction.

Understanding what's going on in the bitcoin ecosystem is good but shouldn't be what will preoccupy you and go on to hinder your accumilation routine. Consistent DCA and building up good systems that will aid your Bitcoin accumilation plan does the best work in aiding your success in your Bitcoin investment.