Quote from: danadc on October 24, 2024, 07:18:37 PM

Quote from: Greyhats on October 24, 2024, 04:59:14 PM

Dont mind the haters, I think its very mature of you to state that you were unable to purchase because you didn't have funds available. This to me (imho) is one of the main skillz an accumulator has to learn and follow through on. If you dont follow your rules and say for example overextended yourself and bought with your emergency funds you are just part of the fomo group of investors. Fomo is bad practice, you didn't do it so well done you survived to buy another day! :-)

When your new funds become available on 25/10/2024, and your still in the accumulation phase then would recommend continue with your normal DCA amounts and frequency.

If your overly worried about your emergency fund, its ok to adjust down your dca amount or even take a break for a month and pivot that cashflow into your emergency fund. When you feel comfortable flip back/increase your dca. This is another skill of equal importance, mitigating risk.

Keep stacking :-)

There is no need to worry too much, this year the Price is likely to Skyrocket and when the Elections are favorable for those who spoke well of Bitcoin, if not it goes down and recovers anyway , the DCA method is the Fundamental way out for those who Believed they had been left Without the opportunity to Obtain Bitcoin , I hope to have my own Bitcoin even in a few years , I am Working on that.

We are expecting a new ATH when the bull run is at its peak which most investors believes that it might be Q1 of next year since the price of bitcoin is 68k+, so whether the election takes place or not, bitcoin price will create a new ATH by next year when the bull run is at its peak. It is just that they must be an event to fuel the price which I think that the election will be one of those event. However, we might be wrong on what we think and one should not expect too much that the election is what will skyrocket the price of bitcoin so that if it doesn't play out like that, you will not be disappointed.

Are you saying that you haven't started investing in bitcoin, if so what have you being doing or what are you waiting for when new investors are using this opportunity to invest in bitcoin now that the price is cheap. What if bitcoin price gets very high in the next few years that you plan to start your bitcoin journey. You should know that it is not compulsory for you to buy one full bitcoin but you can buy in fractions. It is better that you figure out how to get started with some amount of money from you discretionary income that will enable you buy every week continuously with DCA for 4-10 years and above so that you can build and grow your bitcoin investment for the future.

I hope that you are not those type of no coiners that are waiting to start their investment journey in the bear season because if so, you are wasting the time that you are supposed to use to take advantage of the market and accumulate more bitcoin. I hope you will not be like those people that will sit on the fence in regret watching other people making profits from their bitcoin investment in future. Bitcoin price and time waits for no one.