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Quote from: sotelorene on August 25, 2024, 08:36:49 AM

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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.

In Bitcoin investment we have only three strategy which are; lump sum or lump summing, buy Dip and DCA(dollar cost average), I list them here because you are sounding like a trader when you mentioned that strategies and techniques because in Bitcoin investment we don't need techniques or strategies to measure anything or check the market movement these you mentioned are what traders uses to make profit not investors. Investors are concerned on accumulating and holding Bitcoin for a period of time and hoping to see their investment do great in the future and again it doesn't take good skill and knowledge to become a wise investor but rather it takes understanding, discipline and patient to become a great investor and I will suggest you don't use the word wise investor because everyone is wise in their own way(s).

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.

The DCA approach is fine but this concept of buying Bitcoin regularly should be well defined to avoid causing mistakes for the gullible people. I will never join those who would continue to buy Bitcoin at the peak, this is dangerous and my investment experience forbids that regard of the asset we are talking about. To avoid missing out, I like to commit all my money allocated for Bitcoin investment to it towards the end of the bearish season. I dare not continue with the mentality of buying Bitcoin at all times and at all prices. Even if it eventually hits the moon as predicted, there is no way I will miss out, but what I gain in addition is more safety and better earning than those who risk buying it at the peak. What if it disappoints their expectations as we have witnessed since the beginning of this year? We need to be smart investors.

I hope you know this is Bitcoin investment not trading because whether someone bought... At the peak or dip it doesn't matter since our plan is to hold for a long period of time though it will be a great advantage if someone buys at the Dip because of the decrease in price. When you say disappoint, it makes me feel or think you are trader or short term investor because there's nothing disappointing since we are investing for the future and not for immediate use and investing or accumulating at the peak doesn't mean that the investor is not smart.

Didn't my reply carry investment and not trading? So I know and I stand with what I said, Bitcoin of today needs smartness to earn from it and not the former usual ways when it was still younger when many people were lucky to own it, the liquidity must be considered, who are those that will be pushing it higher and higher like before? It will take time for that to happen, and that is if it would not frustrate the investor before happening.

And if it happens, it won't be business as usual, Bitcoin will find it difficult to rise, so replicating such former huge successes will be difficult with this current status of the coin, to even hit the next x3 from this level might take more than 10 years, is that what I will be waiting for? Think of it, this year alone, if you've carefully invested and divested your Bitcoin at the right time and reinvest it again when you confirm a clear bullish path at a lower price, won't you earn more than HODLing it? I don't follow the majority, I conduct experiments and work with experience, the future of Bitcoin is very sketchy.