Quote from: asarfiar on October 25, 2024, 01:51:06 PM

Quote from: sotelorene on October 24, 2024, 09:18:39 AM

Quote from: As-Soon-As on October 23, 2024, 11:08:37 PM

Quote from: Greyhats on October 23, 2024, 10:09:57 PM

Hope everyone bought the dip, might be the last time we see 65k for a while!

Due to lack of funds and dip wise my investment did not come due to which I could not purchase. But I have my dip purchase date on 25,10,2024, because the emergency fund I had is very small.
So currently could not buy this 65K dip at most, only 2 more days will be available so I can buy the right dip at the right time.

What makes you think there's going to be a dip on the 25th of October 2024 or are you just guessing?. You are begining to sound like a newbie who doesn't understand how Bitcoin works while you are a Full Member in the forum, though nothing is impossible I mean Bitcoin is a very volatile asset and it can be possible that it may dip on the 25th but that's not how to go about Bitcoin investment, if you really want to increase your portfolio you shouldn't be waiting for dip before you invest and also stop specifying dip date because you may be disappointed. DCA method is very much effective, you don't need to have enough funds before you accumulate and I don't think there's any specific amount while DCAing rather our investment money depends on what we get weekly or monthly that is to say that there can be a decrease or increase in our weekly or monthly income.

Bitcoin wealth is a volatile one yet it continues its momentum like a constant stream. If we look at the Bitcoin market structure, we can see its volatility which you and I can be relatively depressed by.

I'm not depressed by the volatile part of bitcoin because I knew about it before I started investing in it, and I used the money I will not need for a long time to invest in bitcoin so that I will not be worried or get depressed if bitcoin dips or sell my bitcoin at a loss to survive. This is why it is important to invest in bitcoin in such a way you will not find it difficult to solve your daily expenses or want to sell your bitcoin even though you are at a loss just because you are depressed by the volatile part of bitcoin.

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As an example, let's say you have a monthly income of $120, from which you can invest $80 in other activities and the remaining $40 in Bitcoin. have the attitude that you will invest $40 a month regardless of the ups and downs. And if you have other means of earning money then you can increase the rate of Bitcoin investment.

I think it is not right for someone who is earning $120 a month to invest $40 in bitcoin monthly because $80 will not be enough to take care of his monthly expenses, and the person will need to build his emergency funds along as he is accumulating bitcoin, which will make the $80 not last long after emergency funds have been removed. If we must invest in bitcoin aggressively, we should do it in a way that will not affect us in solving our daily expenses, which might make us get off the game, partially or permanently.