Quote from: EarnOnVictor on September 23, 2024, 07:36:18 PM

Quote from: cryptoWODL on September 23, 2024, 10:22:04 AM

Quote from: As-Soon-As on September 22, 2024, 11:29:19 PM

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

Encouraging people to always wait for Bitcoin dip before accumulating to me is a wrong advise, what if the Bitcoin market doesn't dip it means an investor shouldn't accumulate Bitcoin right? It's wrong for this will always make an investor have low Bitcoin stack because the opportunity of always accumulating Bitcoin regularly is no longer there because such investor always wait for Bitcoin dip before accumulating.
The dip should only be an opportunity for an investor to accumulate more Bitcoin because he will buy at low price but waiting for it to dip before buying is not a good approach for with your DCA strategy you can still accumulate Bitcoin regularly weekly or monthly regardless of the price and hodl for the future than always waiting for Bitcoin dip before accumulating.

Quote from: Stablexcoin on Today at 11:14:35 AM

Quote from: EarnOnVictor on September 24, 2024, 11:24:22 AM

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long? Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know someone's style. All you want is a blind investment approach, I can't join you on that.

Your statement is wrong! I can't imagine Bitcoin investment making people lazy due to long-term investment. Long-term plans are like a marathon, and not a sprint. It's like planting a seed that you know you will surely reap from it in the future. Now the nurturing stage is the accumulation process, though it grows slowly it magically grows to yield a good fruit. If buying gradually with DCA and planning a long-term plan is very slow and looks lazy from your own perceptive. I don't care because I am planting a seed in the future. It's better to accumulate gradually and see your investment grow in the future than trying to be a millionaire in weeks with trading. It's all about a strategy and not sloth.

I don't know what you classify to be laziness. Do you think traders are the busy/serious ones in Bitcoin because they tend to time the market regularly? I doubt you have any good reason to say long-term holders are lazy. Because a long-term investor has a long-term plan to accumulate Bitcoin. If he has plans to hold for a decade or two. He can set goals to keep accumulating till two cycles pass. He may choose to start diversifying later on if he feels the accumulation is enough, lol but seeing your portfolio grow can make someone not get tired of investing.

Quote from: EarnOnVictor on September 24, 2024, 11:24:22 AM

I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know someone's style. All you want is a blind investment approach, I can't join you on that.

If you are DCAeing you are not trading and when you are trading it's not DCA. The difference is clear, in the context of trading, you're buying and selling frequently. But when you DCA you are buying consistently till your maturity date and not selling until sustainable withdrawal.

DCA strategy and trading doesn't work together since trading is for short term purpose. DCA strategy is for long term investment purpose since an investor will be accumulating Bitcoin regularly weekly or monthly and continue to hodl for long periods of time.