Quote from: SuperBitMan on Today at 09:35:06 AM

Quote from: JayJuanGee on Today at 07:22:28 AM

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Thank you so much JayJuanGee, your explanation is educative I understand much more better now and this is one reason I love this forum and thread like this, one just need to open his or her mind to scrutinize and accept other people's meaningful teaching.
You are really doing a good job in educating forum members here keep up the good work sir.
Now I understand more about investing what one can afford to lose your explanation will help a lot of people in this forum in investing in the right way to avoid regret later in future.

Sure.. No problem. One of the best teachers is ongoing practice, and it is true that it can take a bit of time to work through putting some of the ideas (and theories) into practice and then to see how they play out, and also to consider how we might talk about the theories and the practice in ways that do not overly confuse matters.

Sometimes there is overlap between some of the practices, whether we are talking about investing versus trading versus gambling, and also the various kinds of money and expense categories that we discuss in regards to how to manage money and perhaps even how we might include the consideration of debt management into our cashflow management ideas and practices.

Some of us may well end up developing ideas and practices that deviate from the ideas and practices of others, and surely some of the ideas and practices are discretionary and we might not even know how they will play out until time passes, and even if one practice (arguably a seemingly bad practice) might end up outperforming a good practice, the mere fact that some practice had outperformed another practice may well not justify that such practice is either good or replicable...so sometimes we have to be careful in regards to advocating practices that might end up including a lot of luck, even if they might sometimes end up working out or even being a reasonable calculation for one person to make, another person may well have to take into account more normal kinds of circumstances, and it may not be worth the risk for another person to engage in the same kind of risky practice...

Also in the end, we know that each person is in charge of his/her own situation, including his choices in regards to how much risk that he is ready, willing and/or able to tolerate, and he is going to have to live with the consequences whether the practice ended up working out positively or negatively or even neutral... so sometimes there can still end up being a decent amount of variance in regards to how some guys are playing their BTC investment, whether we are referring to how they accumulate BTC and the extent to which they might consider themselves to have had reach sufficient accumulation and might even decide to go into the practice of selling some of their BTC based on price based ideas or based on time-based theories.

Quote from: CageMabok on Today at 10:47:18 AM

Quote from: Jewan420 on October 16, 2024, 07:13:54 AM

I will blame their poor knowledge here. In such a process temptation works. A person waits for a specified time or price to make a lump sum purchase despite having enough money. Many times they fail to buy. There is nothing wrong with waiting to buy a dip or a single buy, but it is not very efficient to grow your portfolio. There is a saying, "Slow but study, is a key of success". The DCA method fully conforms to this sentence. Not guaranteeing success in DCO but DCA method is most effective to grow your portfolio.

I see more about the level of consistency in buying from everyone who likes to buy Bitcoin every month because apart from being considered a clear investment step,

I think weekly is better than monthly.. especially for newbies.. but hey whatever, do what you like.

Quote from: CageMabok on Today at 10:47:18 AM

it can also increase their portfolio more clearly and more real. Because people who take too long in terms of waiting for a certain price will also be very detrimental to them because time also needs to be used very well by everyone who still wants to buy and increase the amount of their portfolio more in the amount of time they want themselves. And from what you said it is also not wrong because those who like to wait for a certain price will not be bad enough, but they must also be aware that waiting too long to buy will also harm themselves.

Surely waiting tends to not be a good idea in regards to investing into bitcoin, especially since, as you mentioned, it can take a real long time to really get your BTC investment portfolio up to a meaningful amount, even someone who buys every week for 10 years still might not even be able to invest a whole years worth of expenses unless he really figures out how to get his discretionary income up to an amount that he is able to increase his abilities to be more aggressive in his weekly BTC investment amounts.