Quote from: Miles2006 on Today at 04:14:21 PM

Quote from: sotelorene on August 27, 2024, 09:46:56 PM

Quote from: mumang siat on August 24, 2024, 03:55:50 PM

Quote from: Justbillywitt on August 21, 2024, 05:09:41 PM

Whatever investment that you are doing that doesn't guarantee you a specified amount of profitability in the end is a risk, and Bitcoin is not excluded from that. Mind you whatever you hear people say about bitcoin getting to certain price level in the future are mare speculations. There is no guarantee that it will play out that way. Also relying on past performances of bitcoin as a proof of future performance is also risk of it's own. So when you have invested in bitcoin and your plan is to hold it for 5 years, that's risk on it's own because you are not guaranteed of making profit. That's why the risk in long term hold is not zero. You can't take speculations for facts!! If you had known the specific amount of profit you will make at the end of the 5 years before investing, then you can say there is zero risk. But since there is nothing like that, there are still elements of risk involved, because it may happen the way you expects or it may not. And it is advisable not to be over reliant on your bitcoin investment so that you don't get into trouble, when your projected time of holding comes and things don't go the way you planned. That you hold bitcoin for 5 years does not guarantee you profitability. That's the risk in it.

Everything that is Investment especially Bitcoin has a fluctuating nature where the movement of the graph is not measured accurately, from here everyone can speculate about the future value, those who do have their assets certainly think this will be much better in the next period and this we estimate is reasonable, and actually this does have risks and all Investors admit it.

However, it seems that targeting the Investment time too much does not sound effective to do, considering that this is a volatile Bitcoin making speculation that can later be seen with the profits obtained with each change, maybe we say when it moves down it is better to hold or continue buying and but when the graph is to the increase number you can collaborate your choice to continue to survive or return a little profit first.

The fluctuating nature of Bitcoin is what we call the volatility which traders always play around with and investors are not concerned with the behavior of Bitcoin I mean whether uptrend or downtrend investor doesn't care. what investor care about is how to accumulate enough Bitcoin within the shortest interval of time and the DCA help us to invest anytime, increase in price doesn't affect or doesn't make the DCA not to function. Targeting or watching the market is not a bad idea because some people watch to see if there's a good entry point and investors who does this are the lump sum and buy Dip investors but it will be a wrong idea to be watching your investment after investing because if you're not disciplined enough you can be tempted to touch your investment when you're not suppose to.

I don’t think the up and down trend really matters as accumulating bitcoin for long term run now is better off monitoring an entry price, people who accumulate within shortest interval might be over investing including the pressure from my view but if such person is financially stable it’s not a bad choice, we can always accumulate regularly using the dca for those who don’t have the money to buy the dip or lump sum. An investor can still apply both strategy and continue dca , it’s never too late to buy and hold bitcoin mostly people who watch the price before making any move can start buying now and hold.

Those who monitor the market price before investing really don't understand the concept of Bitcoin, we all know that Bitcoin is volatile and if you want to make good profit from Bitcoin you need to hold for a very long time so why monitoring the market price of it, those that monitor Bitcoin market price before investing are too desperate of making profit from Bitcoin and with such desperate mentality one can be patient and one can't succeed.
There are some things I expect from newbies who are into Bitcoin investment which is going into the history of Bitcoin how it started, what was Bitcoin first price, what is Bitcoin current price and know people who has been holding for 10 years now.
When I did all this research no body told me what to do, I will tell you for free the best way to achieve good Bitcoin profit is by holding for a very long term.
If one can be consistent in accumulation and holding for 10 to 20 years one will forever be proud of his or her self.

Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed.
People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.