Post
Topic
Board Speculation
Re: Road to 100k?
by
SuperBitMan
on 22/10/2024, 18:54:18 UTC
I mean back then one can get some numbers of Bitcoin with $5k but right now it's entirely a different case, that's why the DCA method is now advisable to use in accumulating, to help an investor grow their portfolio on a slow and steady approach and one of the funny thing about this investment is that if one doesn't follow suit now it is also going to be difficult to grow one's portfolio in years coming because of the height Bitcoin will attain then so those who are still procrastinating is wasting their time though they can invest anytime but there's really going to be a difference.

Sure.. DCA is still good and sure, the sooner we start investing in bitcoin, then likely we will be advantaged by getting started sooner rather than later, even though there are no guarantees in regards to today's BTC prices being cheaper than at some various points in the future.

There is no problem analyzing your profits  and considering what you are doing in regards to ongoing stashing of bitcoin, yet it still does not seem very productive to be getting very worked up or focused upon the extent to which you are in profits or not for a cycle or two, unless maybe you had been able to front-load your BTC investment, which truely does not seem to be the case for a lot of folks getting into bitcoin.  Even the front-loaders may well take some time to continue to build up their BTC investment, unless they happen to be quite old, have health issues or have some other reasons to have a shorter end bitcoin investment timeline.
The idea of always analyzing one's profit in Bitcoin and also checking how far you have gone will encourage some people to keep focus and may also reduce the confidence of some person's, however as a newbie one needs to focus on accumulating and not think about analyzing his or her profit because at that stage he or she's Bitcoin accumulation journey has not gone anywhere to start thinking about profit.
I feel that those newbies who always analyze there profit really don't understand how Bitcoin functions, they see Bitcoin as something that can bring out profit for them very quick so they always analyze profit as soon as they start investing but if a newbie understand that Bitcoin takes long before one can benefit very well from it he or she won't bother analyzing since they are just starting accumulation newly.
Even someone who front-loaded his or her Bitcoin investment still need to be patient and still be consistent, those who front-loaded there Bitcoin investment but has a health change or are very old should plan there selves and know the number of years they can hold on with there investment