Quote from: sotelorene on September 10, 2024, 08:55:52 AM

Quote from: NewRanger on September 09, 2024, 03:44:50 PM

Quote from: EclipseXcrypto on September 09, 2024, 03:18:19 PM

Investing in Bitcoin with intentions to buy and hold onto it for a longer period is a simple process for any investor who is willing to make bitcoin a choice of investment. All what you you do is to follow the procedures to buy bitcoin with a DCA strategy on a regular basis, doing it and accumulating consistently to increase your holdings. This is what really matters by doing so you are likely positioning yourself to reap the benefits from the long term holding. Bitcoin has proven to be successful choice of investment All you need is to know the procedures on how to buy bitcoin.Every investment risks is involved but following a defined procedure can be successful. Holding onto Bitcoin for the long term can be a strategy to achieve good profits with less risk, Consistency in your approach with DCA.

Of course, now is still the best moment to get the best price, for those who are smart, they really take advantage of conditions like now, but there are still many who are not aware and are still busy playing with their funds by buying other coins that are not important, talking about risks, of course, all of them are there and one more thing, the price history will give us guidance in investing.

Because of the nature of Bitcoin I don't think there's a nice or best time to invest or accumulate because its variation is what we can't predict correctly but the good news is that if one invest now and Bitcoin skyrocket definitely you are going to be on profit. Some people invest in Bitcoin not because they don't know how Bitcoin works but because they want to turn millionaire and billionaire over night ( impatient) that's why they choose memecoins while some people actually lack's knowledge on how Bitcoin works and how to go about it, that is why it is very good to be inform because lack of knowledge can result to a very big disaster.

Yeah you are correct some people especially newbies really don't understand how Bitcoin works they just heard about someone it and feel they can just start investing and start making money from it and that is why you see some people become frustrated when they start investing and they later got disappointed by not making the quick money they expected to make.
A lot of people has left Bitcoin investment because they feel Bitcoin is too slow in it's growth and they feel investing on shitcoins will be more better because it will grow fast, the want of quick money has even blocked there eyes to see the high risk in shitcoins and that is why no matter how people keeps failing and losing money in shitcoins some people are still investing in it.
When it comes to bitcoin investment on needs to be patient and also be consistent, Bitcoin will give you more peace of mind because one won't lose money when there's a dip it's certain that it will grow again one just need to accumulate and hold for a long term.
Before investing in Bitcoin one needs to have the basic knowledge about Bitcoin and how it works it is very important, if a newbie has basic knowledge about Bitcoin and also know the history growth of Bitcoin it will help him or her to relax even when there's a dip.