Quote from: Miles2006 on October 13, 2024, 09:57:44 PM

Quote from: sotelorene on October 13, 2024, 09:35:57 PM

For sure, you are absolutely correct there is not time someone will start Bitcoin investment that he or she won't make it provided they are doing the things that is required of but having a good source of income doesn't mean one will accumulate enough Bitcoin fast in their portifolio rather what will make an investor to be more fast in their accumulation is how many percentage of their source of income they are using to..., some people have a good source of income but they are just accumulating very small and I don't blame such people maybe they are just being careful not to use what they are not meant to..., but as long as they are consist they are going to make it for sure.

Accumulate the amount that suits you right for example those who receive huge salary and yet fail to accumulate huge might have bigger responsibilities. If you observe clearly bitcoin investment is not all about monthly or weekly pay measuring it with the amount used for accumulation sometimes we just have to take responsibilities first and other times we invest using a good amount. All what an investor needs is a good cash flow that can keep their investment going for long secondly a good management is also needed.

Investment should not be done randomly rather with a discipline. There are psychological effect and management difficulties when we tend to invest randomly in bitcoin instead of setting an approach which will help us take full control of our investment. Having a goals is essential but its more important that our goals are backed up by discipline in terms of having an approach to which will invest to achieve our goals. This will make it easier to stick to our plan even when we are in disturbing or difficult times.

Every strategy of investing in Bitcoin have a well discipline approach. When you DCA, we tend to reduce risk while investing and allows us to take full advantage of buying on dips sometimes. Most of persons fail to approach their investment with strategic approach. But i believe it is important just the same way learning and starting our investment is important. What's more interesting when we manage our investment properly with an approach is that it helps us to make good planning, have time for learning more, and emotional peace, proper record keeping and statistics of our investment.

Quote from: Ambatman on October 13, 2024, 10:38:00 PM

Quote from: JayJuanGee on October 13, 2024, 04:42:44 PM

It surely can add up, and we might even be able to expect that there are going to be some folks (especially younger folks) who will likely be able to increase their weekly DCA amount over the years... even though likely the BTC price will go up faster than the amount that they wll be able to increase their contribution. The dollar (or whatever fiat) will also likely debase in the coming 10 years, so frequently we are attempting to figure out if we are getting ahead in real terms rather than just getting ahead in debased dollar/fiat terms.

even if
That's an if we don't get ahead in real terms, debased Fiat would almost 99% exist.
It would be better if the investment is adjusted as income changes and the value of Fiat decreases.
Funny how 5 years may seem far but COVID 19 breakout still feels like yesterday
How time flies.

Sure thing!