Not only newbie, but what I want to let you know is that theirs some people whose investment in bitcoin is long-term investment and theirs some investment is short-term investment, so probably those ones their aim is short-term investment do concentrate on profit of that moment, they don't think of the future market of Bitcoin determination, what I really wants us to understand is that bitcoin investment is directly meant or invest due to your obligations towards the investment, the thing is that anyone who have in mind to accumulate bitcoin will allow it to last or stay for period of some years.
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.
There's no strategy one will use that won't give them success in their investment if they hold for a long period of time. You said you started investment using the DCA method about 3 months now and the way you emphasizing about halving is somehow weird to me and you said you will keep your Bitcoin investment until it halves so if I may ask, what if it happens that Bitcoin halving occurs today are going to sell off your investment?
I am not going to claim to know exactly what As-Soon-As meant by investing in bitcoin for at least two halvenings, yet it seems to me that he was referring to keeping on investing into bitcoin for two whole cycles... which we presume each cycle to be 4 years, and so if he is going to keep investing into bitcoin for at least two halvenings that seems to be a reference to at least 8 years.
Sure people can have flexibility in their investment timeline because sometimes our circumstances will change over something like 8 years, yet it still seems to be a good idea to attempt to establish some kinds of investment timeline parameters, even if there might end up developing some reasons for tweaking the plan at various points over the years..
You, sotelorene, seem to be referring to halving as if it were a halvening of the BTC price, which seems that you still have not even learned some of the basic terminologies in bitcoin.. in which we have halvenings about every 4 years and/or every 210,000 blocks, and so we have had 4 halvenings in bitcoin so far, which is one of the interesting miracle and perhaps genius particulars of bitcoin.
Or are you going to keep accumulating and holding?. I keep wondering how much you have been using to accumulate for about 3 months now that have given you enough money as profit and you are begining to sound like a short term holder even though you said you have a long term thinking. Note: after halving doesn't guarantee 100 percent price increase it's just speculation so don't get it twisted.
Nothing in bitcoin guarantees BTC's price to increase, but the halvening of the issuance of bitcoin's new supply by half every 4 years does seem to put some upwardly price pressures on bitcoin, and surely maybe this time is different, yet I have my doubts. We have had 3 previous halvenings in bitcoin and the BTC price did end up going up after each of the halvenings, and even this time we had BTC prices reaching ATHs prior to the halvening, but still that does not likely take away from actual physically fewer (half as many) bitcoin being issued for these next 4 years and we are still within the first 6 months after the halvening has already taken place... so the ongoing less issuance of new supply could well still be having an effect on the price to ongoingly put additional upwards price pressures on it within the laws of supply and demand in which if the supply is half yet the demand is equal and maybe even increasing, then it is hard to imagine why there wouldn't be continued upward price pressures on the BTC price based on such halvening of the new supply issuance..