Quote from: Falconer on Today at 03:35:30 AM

Quote from: Promocodeudo on September 16, 2024, 05:25:06 PM

I don't agree that intending or existing investors should keep bothering themselves with what the price says, this could lead an investor to lose confidence in the said investment which may cause lack of motivation to invest in Bitcoin, despite how doubful the society has been with Bitcoin which I think is normal for people that has not been part of a particular investment shoul feel, I still believe that there are ndividuals that understands the authenticity and value accompanied with Bitcoin investment, even though you are still in the early stage of Bitcoin discussion as you said, you shouldn't be skeptical about Bitcoin investment rather it should be a matter of concern to you why many people will be in a forum like this having a discussion about bitcoin investment and other aspects of Bitcoin if not for its long-term benefits.

There is nothing wrong with thinking about prices because basically the market has different cycles. Prices fluctuate all the time and investors need to know when is the best time to do so.

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You can't completely ignore the price when your financial strength is only $10 to $100, meaning the lower you buy, the more bitcoin you have.

Bitcoin is designed in such a way that you can buy as little or as much as your financial strength can get you. If your financial strength is $10 to $100 you can buy with that amount since I believe that you are utilising the DCA method to invest in Bitcoin and I also believe that you are investing for the long term. How low do you think that Bitcoin can go, that your $100 can get you enough Bitcoin stash that will be enough for you? What happens if you keep timing the market and your expected price level don't materialised, does it mean that you won't make the investment? That's why investors are encouraged to invest according to their financial strength, and not to time the market . And have long term mentality is encouraged.

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It is not always right to follow other people's advice, of course because you have to do your own research with a good strategic approach.

Individuals are always encouraged to do their own research when necessary or when you feel that someone advice could be misleading. But there are some certain cases that even with your own researches, you will still not get it the right and at that point you will need to listen to someone that's more knowledgeable than you. when you're doing the wrong thing and someone that's more knowledgeable talked to you about doing things with the right approach that will be more efficient and productive, would you still remain in your ignorance and do things your way? You can only neglect people's advice, when proven beyond reasonable doubts that they are telling you to do the wrong thing. That's the more reason why places like this exist so we can improve our knowledge and approach of doing things which ordinarily we don't know.