Quote from: Kelward on Today at 09:59:42 AM

Quote from: Justbillywitt on Today at 09:17:27 AM

Quote from: Kelward on Today at 07:31:15 AM

Bitcoin for immediate transactions can be left with a third party like exchanges, so that it'll be easy for conversion into other cryptos, stablecoins or fiat, that is if there's nobody to do p2p transactions with.

What immediate transaction are you talking about? Newbies that starting their bitcoin accumulation journey are encouraged to hold their bitcoin for a long term. And their investment should be kept on bitcoin alone and not convert into anything else. That's why we are encouraged to invest money that we won't be needing for the next 4 -10 years and above. So if they are investing money that they have need for immediate conversion to fiat or stablecoins then you are encouraging them to chasing short term gains. I will understand if you say that they can keep a little portion of their bitcoin exchange till it gets to a certain volume so that they can withdraw all at once to their wallet to avoid paying withdrawal fee every week or month especially if they are doing weekly or monthly DCA with small amount of money.

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Understanding Bitcoin circles, the best season to buy and the best time to reap returns on your investment is important.

From what I have learnt from this thread, there is no best season to buy bitcoin, especially when you are investing in bitcoin for the long term and you are making use of the DCA method to accumulate your bitcoin. All seasons are best for buying bitcoin. It is people who have the mindset of chasing short term profits in bitcoin investment that always tends to wait for whatever reason they think is the best to invest in bitcoin. Provided you have your capital readily available for investment go ahead and invest with the DCA strategy. Irrespective of market season.

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Bitcoin is not a get rich quick scheme like most shitcoins in the market, it's best to buy the dip, hodl and wait.

It is not best to buy the the dip, and hodl, rather it is best to buy bitcoin and hodl and wait. It doesn't really matter the market condition you are buying the bitcoin.

I understand the concept of hodling your Bitcoin on the long term and that is the essence of DCA method so that we can be focused on the long term investment plan. But remember that the primary purpose of creating Bitcoin is for p2p transactions to bypass third parties like going through banks. I believe that inasmuch as we're hodling Bitcoin on the long term for investment purposes to keep getting ROI in the future, this shouldn't stop us from spending some of it on the short term. If you remove the percentage for your DCA method, I believe that you can choose to pay for items with Bitcoin,hodling Bitcoin shouldn't eliminate the need to spend it on the short term. If you have a budget for your expenditures from your income and you've removed the percentage for DCA into the long term, you can leave some of the amount in Bitcoin for short term expenditures.