Quote from: Rockstarguy on Today at 05:00:37 AM

Quote from: Student of Bitcoin on November 10, 2024, 04:38:59 AM

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method? Or investing in memcoins or sheet coins is easy.

Firstly I'll tell you, you don't need to invest in meme coin because they are not reliable. Considering memecoin as an investment to go into, I think you are making a mistake that will be so risky for you. Bitcoin is better to invest because it is reliable and valuable. DCA method of investment is easy because you only invest with amount you can afford, you don't need to pressure your self to invest with a huge amount just trying to meet up, but with DCA method from time to time you can make the little investment that you are capable of. The most important thing in the DCA method of investment is just for you to have a steady source of income , with this you can be able to achieve success from your investment.

One thing I'll advice you, do not be in so much pressure to invest because of the market increase to make quick profit, invest what you can afford according to the income you earn.

Well said mate but I want to add that the name shitcoins should even encourage someone to avoid investing on it, those coins are mostly pump and dumps and a good number of people I know that's tried to risk investing on them always end up regretting, the mistake majority of them make is buying and holding for long-term, it is very risky and that's what the shitcoin owners wants so they'll pump it a little and manipulate people into buying their coin them dump it after a while. I've even grown men cry because of what they lost investing on coins like that, more reason I don't trust any other coins apart from Bitcoin, it has proven to be the best Cryptocurrency since about 16 years of it's creation and has attained a height that could take very long for others to reach, it is more easier to invest on especially for long-term. Also the price of Bitcoin is not an issue to start investing any entry is okay so far you've got a stable income to continue investing at weekly or monthly intervals for long-term which is about 4-10 years because Bitcoin investment is not a get rich quick scheme, it requires patience and discipline but it's highly profitable.