Quote from: Pi-network314159 on October 18, 2024, 06:23:57 AM

Quote from: Mayor of ogba on October 16, 2024, 12:20:29 PM

Quote from: Pi-network314159 on October 13, 2024, 10:57:01 AM

If this proces is reapeted using $100 in replacement of $10 weekly as regard to fuck you status, the approximately $2500 will be $25000. Now obviously your success depends on your level of accumulation. Meaning the profit increase has not been added yet, if the profit should be added, it could amount to a Total of $30k or $35k

As far as bitcoin investment is concerned, every investor should invest in bitcoin according to how much their discretionary funds can allow them to invest in bitcoin. Even though we are investing in bitcoin, we ought to go on vacation, enjoy life, and learn about other people's way of life. Investors should not invest in bitcoin in a way that they will find it difficult to solve their daily expenses. If $10 is what he can afford to invest in bitcoin every week, encourage him to do better and don't condemn his effort in trying to be among those people who will hold bitcoin, and remember the goal of every investor accumulating bitcoin for long-term is to accumulate the quantity of bitcoin they want to hold no matter how many years it takes them to achieve it. As time goes on, he can work on his income so that there will be a good income flow at the end of every week or month, which will allow him to increase his weekly bitcoin accumulation money.

I know this conversation is becoming repeated or long but I wan you to understand my points for making that statement. My explanation was not in any way to discourage people who want to in invest according to their discretion, but was try to let a user by the name @fredericktaylor to understand that becoming successful in bitcoin investment is possible by the amount of bitcoin he accumulate and how long he HODL it that determines. Then I now give instance of a person who invented $10 a week through DCA and a person who invented $100 a week through DCA, that their results can't not be thesame in 5 years. And again I was not in a way insinuating that we should only focus on investing in bitcoin and not travel round the world to see new things of course that is part of life and we can not deny ourselves of that, anybody who refused to enjoy him/herself is up to them. Adding that statement makes it look thus i added it in my statement. You can take a look at what Fredrictaylor said that made me reply what I did.
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Quote from: fredericktaylor on October 12, 2024, 12:44:56 PM

If you invest in the DCA method for four to five years from now, you will have a lot of bitcoins, and you will be rich. will be

Checking from his statement you will understand what I mean and why I replied what I did.

point of observations

1) investing in bitcoin through DCA for 4 to five years from now you will have a lot of bitcoin.

2) and you will be rich

Now how possible is that to achieve a lot of bitcoin in 4 to 5 year if he doesn't increase his accumulation process or discretion?

And how can he be rich so suddenly why we all knows that bitcoin is not a get rich quick scheme.

The illustration you give to fredericktaylor to show him that a $10 investment in bitcoin through the DCA strategy cannot accumulate a lot of bitcoin in 4-5 years makes a lot of sense, but since you suggested that using $100 to accumulate bitcoin through the DCA strategy for 4-5 years would have made more sense than using $10 spoiled everything, and that was the reason I said that to you. What I want you to understand is that you shouldn't see bitcoin investment as a way to defeat poverty so that you will not invest almost all your money in bitcoin and deprive yourself of the good things of this world. With the mindset that goes, when I become rich with my bitcoin investment, I will enjoy myself. Investing in bitcoin doesn't mean everyone is going to gain financial freedom at the same time because different types of income classes are investing in bitcoin. For instance, you and JayJuanGee can't achieve the same type of profit in bitcoin investment because he has more cash flow than you and he will also hold bitcoin longer than you. Now I want you to understand that fredericktaylor is not investing in bitcoin for fun or short-term. The $10 he is using to accumulate bitcoin with the DCA strategy is what his discretionary funds could allow him to accumulate bitcoin with for now, and if he takes your advice and increases his accumulation amount, he might end up getting off the game partially or permanently. You should accumulate bitcoin in a way you can be able to buy your children bicycles to fulfill your fatherly duties and even take your wife on vacation to strengthen your relationships, and not to accumulate bitcoin in a way you cannot do all these.