Quote from: MainIbem on Today at 01:02:05 AM

Quote from: adultcrypto on August 24, 2024, 11:55:06 PM

If your intention is to hold bitcoin for a long time, you will not really be bothered about the volatility, rather you will be paying attention to getting as much bitcoin as you can at reasonable prices depending on the type of accumulation method you chose. For instance, many investors took advantage of the dip that bitcoin just recovered from knowing that the price was fair a good for entry. These group of investors will not worry about the volatility because they know that when the bulls enter the market with full force, they will buying the market and we will see price leave that region with huge momentum.

Exactly, I mean it's so shocking that their are investors who still bothers about the volatility of Bitcoin, before or after investing on it they should be aware that volatility is bitcoin nature and that's what determines whether it increases or decreases, whether high or low volatility the main focus of every investor is to accumulate as much as possible so far the intention of the investor is long-term which is the best option for investing on it , investors need to ponder more on the best methods for accumulating Bitcoin. The thing is that most of these investors doesn't do much research on the history of Bitcoin and how it's priced has increased over time, else they won't be worried about volatility. I bet their dream is to make an entry then wait for an upsurge but complain over any dip when their expectations is cut short, not knowing that every dip is an opportunity to accumulate more Bitcoin, they should know that they have to love both the bull and bear market if they're really serious about investing on Bitcoin.

The problem with such investors I s that they are short sighted on the potential of bitcoin when you invest and hodli for long. Those investors never had the intention to hodli their coins or to put some value into bitcoin for the future if not they will not worry or bother themselves about the price of bitcoin at that moment. Traders are Thebes ones acting like that because of panic since they are after quick profit which do turns out to be the opposite most times.

A new investor that has the desire to invest in bitcoin for a long-term do not need to see the price of bitcoin dipping as a threat to his bitcoin journey rather it is an advantage to buy bitcoin cheap because his own focus to keep his DCA buying ongoing persistently and consistently overtime with part of his discretionary income since he has plans for the future. If you don't have the confidence in bitcoin as a new investor, you can start with little amount of money to start with and continue DCAing every week or month till when you have done this for one year and above by them your confidence must have increase and y them you can increase your DCA amount so that your portfolio will increase faster than before.