I respect all types of investors, but at this point I think it is better not to be a short-term investor, but rather to be a market speculator and trade on the rise or fall of BTC, with the idea of getting something out of the market, for me an investor has to go long term, something similar to how investments are made in the stock market, which is long term, but that long term is 8-10 years, in BTC it is calculated that it is every 4 years that a good advance and bullish trend occurs, although it is not necessary, many wait for this cycle of every 4 years to see if the movement occurs.
We should wait for at least two halvings to invest in Bitcoin, so if one invests in DCA method, his investment will definitely be bigger. And if someone else wants to invest more, he can certainly make his investment bigger by staying longer, so using the DCA method at any stage is possible to get the most success.
I've been following the DCA method in Bitcoin for about three months, based on my long-term thinking. Because I am very happy with the current period and my investment has accumulated enough money,
so I will keep my investment long-term until it halves. Because until my bitcoin price target is 150k plus I will accumulate investment in bitcoin by DCA method.What you wrote here is very confusing, but If am actually getting you right here, you are saying that your Bitcoin price target is 150k, the price you are willing to sell, so I want to ask, do you think 150k is the peak price of Bitcoin?
Because it's baffles me that you think so myopic on Bitcoin, you were talking of holding Bitcoin for a long period of time, and you think that the highest Bitcoin can go in like 10 to 20 years time from now is 150k?
Bro if that's how you see Bitcoin then to be frank here, you knows nothing about Bitcoin and the potential it has, because Bitcoin has the capacity of doing 10x to 20x in like 10 to 20 years time from now due to it high potential.
Its like he's really not for long term since usually people targeting to hold for 4 - 10 years timespan does not talk about prices. $100k price mentioned in the thread is just a milestone and that doesn't mean if those figures will be hit then its indicator for people to sell. By thinking about that $150k make it looks like he's not ready for long term but rather just looking for some short term goals then sell when that target price hit up.
Bitcoin has potential to grow more with those figures given and for sure that people who holds their bitcoin for many more years like 10 years span could able to earn more. Also those people saying their target is that figures which also make them really sound like a trader would provably earn less or either experience a loss due to many factors they might encounter..