Quote from: adultcrypto on Today at 03:16:05 PM

Quote from: Wonder Work on Today at 04:27:42 AM

Quote from: Rabata on September 28, 2024, 12:02:38 PM

Honestly, as investors, we should not always focus on getting Bitcoin at a dip price by all means, because by doing that, it is possible that someone may never get that dip when they need it. This means they may have to wait for years, which is possible even during a bear market, as the price of Bitcoin may not drop to the level they want to buy at. The best approach for investors is to always see any Bitcoin price as an opportunity to accumulate more. In fact, using the DCA (Dollar Cost Averaging) method to accumulate Bitcoin at different price levels is a smart strategy. As long as someone has a plan to hold Bitcoin for a long period, they shouldn't worry about waiting for the dip. Long-term holding often results in reasonable Bitcoin profits.

It would be great if we could see some of the profits sooner rather than later for investing in bitcoins like we see now especially those who are new to investing in bitcoins. In fact, it is not right to think that investing in BTC will make a profit in a short period of time, because after investing, you must think about the long term in order to get profit from BTC. Here Aslam invested and walked away with a share of the profit, it is not like that.

If you are looking for quick profits, you might be disappointed with bitcoin because it does not always come when you expect it. So instead of putting your mind on seeing profits quick, why not change your mindset and buy to really hold for years? That way you will not be eager to see profits even when you know that profits will always come with investing in bitcoin. The urge to see profits so fast can only lead you to making mistakes like waiting for the bottom which you cannot always know and thereby missing to buy or buying with FOMO. The best is always to adopt any of the systematic way of buying such as the DCA method, buying the dips or lump sum buy or even a combination but in all of them, you must set your mind right that you will be holding for a long time because that is the peaceful way of realizing maximum profits from bitcoin.

Not just Bitcoin, but every investment is very important to hold for long term. In case of DCA method the investment must be held for a long period of time and regular investment should be continued along with holding. Investing in DCAing method we don't get much loss from short term fall of Bitcoin, like two days ago Bitcoin price was 67K and now Bitcoin price is 63K, but it will not affect our holdings negatively as we continue to invest in Bitcoin regularly. And at the price of 67K we are getting more bitcoins by investing the same amount of bitcoins we would have invested right now, because now Bitcoin is worth 63k, as a result our portfolio of holdings is also growing. So if we continue to invest in Bitcoin in DCA method, the short term decline of the market is more beneficial for us, and if we hold it in the long term, it will continue to grow slowly and in the future it will increase our portfolio a lot from which we can take our financial situation much further in the future.