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 the DCA method? Or investing in memcoins or sheet coins is easy.
You are in the right thread when it comes to starting your bitcoin investment. I can see you are a newbie, and I will advise you to use the DCA strategy in starting your bitcoin investment because it will allow you to consistently accumulate bitcoin without waiting for the price to drop. And since bitcoin is a long-term investment, I will advise you to use the money you will not need for 4-10 years or more to invest in bitcoin so that you will not depend on your bitcoin investment to survive. As for investing in shitcoins, I will not advise you to do that because you lack the experience and knowledge to spot the right shitcoins to invest in, and you will lose all your money if you invest in shitcoins.
Don't assume that all newbies know that bitcoin is a long term investment because some of them come into this space for quick profits especially now that we are in a bull run that have seen bitcoin making new ATH. We should try as much as we can to give them the right information this time around because we have reached the point where there is unprecedented hype on social media about how new millionaires are about to be made through bitcoin.
All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.
I doubt that newbies need to extensively read the thread in order to participate in the thread, yet sure it helps that they at least read through some of the posts rather than just asking vague and basic questions that appear that they have done shit all besides saying that they "thought about the topic." Actually there could even be good comments and/or questions from guys who merely thought about the topic, but yeah, sometimes it can be frustrating if it appears that absolutely no effort went into a post, and so then the post just appears like a troll asking questions and trying to cause us to work without their making any effort at all.
Well is not just being a newbie it depends on the individual because i have visited this thread so many times and i have dedicated most of time going through meritted post, reading them to draw some light from it and some of your post summary because i already know alot has been discussed so instead coming here to ask questions that may not be necessary i focus more on the reading to see if i can be able to flow with you guys.so is a matter of individuals difference and level of understanding and not being a newbie
If you are a newbie, then nobody knows you, so it might be helpful to show some proof of work and maybe provide a bit more explanation behind your post.
Sure you can choose to not show proof of work and to not provide any context for you post. That's up to you, and yeah, you might not give any shits if other guys know you or not, but sometimes it can help to build some credibility rather than other members having to presume what you understand and do not understand about bitcoin or about the topic that you are jumping into, so if you engage in some explanation it can help you to present your post topic better and it can also help anyone who might respond to your post to better understand where you are coming from.