Quote from: Onyeeze on September 11, 2024, 03:14:17 PM

hoping to invest in Bitcoin when the price is 100,000 before you can invest in Bitcoin it is Wrong way to plan for cryptocurrency investment especially Bitcoin so what I know is that in cryptocurrency investment what you need to do is to watch the market before you invest, the prediction of Bitcoin is like suggestions and I believe that anyone who invest in Bitcoin two times should have done that price of bitcoin is not constant, and secondly waiting to invest in bitcoin when the price reached 100k is wrong ways of bitcoin investment, the best you can do is to invest and exercise patients until when it will increase.

You are missing up your Statment too much with the word Cryptocurrency from the particular assets we are discussing here which is Bitcoin because I'm actually confuse as to no whether you are talking about Bitcoin or referring to Cryptocurrency investment, so actually in other to make your statement more better for people to understand, you should focus on the right word which is Bitcoin because cryptocurrency is talking about every other coins.

Secondly from your advise that says that an investor should watch the market before investing, if I may ask what would the investor be looking for while watching the price of Bitcoin before investing because the point is not actually clear and beside this similar advice has been made by so many others including JayJuanGee for us not to continue relying or monitoring the Bitcoin price before investing while using DCA because is very wrong for someone who have not even gotten any Bitcoin stash on there account to be considering Bitcoin price, so actually all you need is to continue investing and disregard any watching price.

Quote from: Promocodeudo on September 11, 2024, 02:52:17 PM

I want you to understand that there is nothing like over investment in Bitcoin, the DCA method was introduced to carry everyone along to use what they can afford to invest continuously slowly and steadily though the investment may not be fast accumative but with time an investor using this method will accumulate more than he or she has expected.

You are right about the function of DCA in regards to having a healthy investment without any interference but however I don't agree with you saying that there is nothing like over investment because if I'm not mistaken you have seen or heard people who suddenly invested all there money on Bitcoin and because of not having any other means of getting money they have to sell some of there Bitcoin, so actually that's considered to be under the classification or the definition of over investment because if they had taken it slowly it wouldn't have lead to that point.