Quote from: Salahmu on Today at 09:33:10 AM

Quote from: EarnOnVictor on Today at 05:41:39 AM

Quote from: Zackz5000 on September 08, 2024, 05:12:20 AM

The price of Bitcoin shouldn't be our main focus now what we should have been doing is to accumulate more Bitcoin and forget about it price the reason why the DCA strategy is there is to help an investor accumulate more Bitcoin irrespective of the price level, with the DCA strategy you can accumulate Bitcoin either weekly or monthly and keep hodling for long the goal is to keep on accumulating Bitcoin and HODL for the future so the price of Bitcoin shouldn't be a thing to worry about but to keep accumulating Bitcoin and hodl.

This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

@Zackz5000 is right in what he is saying, perhaps your understanding about the point he was trying to make is quite different, actually the point he was trying to make is that for those who always allow the price of Bitcoin to become a problem or change to there idea into having a negative feelings if is good for them to start investing on that price or not should stop considering the Bitcoin price before investing because it doesn't change anything on our investment because if you are using DCA strategy and still allowing price movement of Bitcoin to make a decision for you, it means that it may take forever before that investor will have a good stash on there Bitcoin account.

Somehow I agree with what Zack said since if you care to much on the price of bitcoin then suddenly drop then those people always have concern with the price might discourage to continue their accumulation or struggle to stick on DCA method they do. With those current drop and panic provably that they might get bother and think about not buying and just wait if there's something good that might happen to the market. This is common thing we see and that is not good attitude to look forward since most likely a failure to hold for longtime most likely gonna happen for those bothered people.

So again I read this for many times in this thread that we should accumulate whatever the price of bitcoin reach at the moment and being consistent will be determine each result we get in future. I know there's always a risk for doing this process but it all matter on how you handle those situation then convert those things to a opportunity.