Post
Topic
Board Speculation
Re: Road to 100k?
by
EarnOnVictor
on 12/09/2024, 10:25:24 UTC
[edited out]
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.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).

You seem to either not understand what is DCA or you are purposefully convoluting DCA with ideas of trading.
I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me. However, I suspect that you are static with the investment approaches, but I am not. I am flexible and dynamic, maybe you should soften things and vary them sometimes and you will discover enough working principles in investing that are not generally covered with what most people read or watch. You can be creative about it and twist it for more productivity.