Quote from: mamesso on Today at 02:10:57 PM

Quote from: Mayor of ogba on Today at 12:51:02 PM

Quote from: inearth on October 17, 2024, 05:40:24 AM

~Snip~

I'm always happy anytime I see someone starting his or her Bitcoin investment; it gives me joy that another soul has been added to Bitcoin. Your start-up monthly DCA accumulation money is pretty good, and don't see it as small money. The most important thing is that you have started accumulating bitcoin, and with time, if your source of income gets pretty good, you can increase your monthly bitcoin accumulation money. Since you have started your bitcoin accumulation journey, always use the money you will not need for like 4-10 years or more so that you will not depend on your bitcoin investment to solve your daily expenses. There's no need to advise on the type of bitcoin accumulation strategy to use in accumulating bitcoin because I have seen you already adopt the DCA strategy, which is pretty good for a newbie like you, and it will allow you to consistently accumulate bitcoin no matter what the price of bitcoin could be. And for the sake of safety, next time don't show your bitcoin online so that you will not be a target for scammers or people close to you. I wish you luck on this amazing journey.

Basically, success in Bitcoin investment is very simple and accessible to even Newbie investors, the key lies in one thing, namely consistency, which is the main pillar of regular investment. Investors only need to allocate the same amount of funds "regardless of the amount" every month or even every week to invest. Starting a regular Bitcoin investment can also be done with a small capital, this strategy makes investors more flexible without having to consider prices and without having to pay too much attention to economic turmoil. By using the DCA strategy, investors will be more regular in investing and more careful when prices are rising, this can help investors in making investment decisions without being influenced by emotions.

I don't really understand what you meant by investor being more careful when prices are rising? I think you are kind of complicating the idea of the DCA in terms of flexibility, firstly am not completely in agreement that the DCA amount must be the same amount, though it can be achievable for any one who has made a solid plan for it but it shouldn't be a limitation and not to be seen as a burden that one must meet up the same dca amount, it can be increased or decreased based on how of your disposable income readily available for investment over different intervals, secondly I don't think making purchases of Bitcoin with dca strategy has anything to do with being careful when price are rising, generally the dca strategy by definition has no business with the price swings either going up or down, it is very simple to understand that purchases of Bitcoin are made without any form market conditions considerations or limitations, and it doesn't affect the investor emotions just as you have said.