Quote from: cryptoWODL on Today at 10:38:35 AM

Quote from: Ricardo11 on November 25, 2024, 02:31:57 AM

Quote from: MissNonFall9 on November 25, 2024, 01:46:56 AM

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

In fact, if an investor wants to get something good from Bitcoin investment, he must invest for the long term (at least 10 years), in that case, if we consider your position right now, you are a child of a middle-class family and you have decided to invest ignoring the opinions of your family, which is very risky.

Of course, if an investor wants to make more profit on his Bitcoin investment, he must prolong his investment. If the investor buys bitcoins on a weekly/monthly basis, the longer he continues to invest, the more bitcoins he will accumulate in the investment portfolio. We came across a post on Bitcoin discussion board a few days ago that mentioned a man's 8 year long Bitcoin investment. The person was depositing bitcoins at $30 per day ie $210 per week. Thus he prolonged his investment for 8 years, he was able to achieve success by prolonging his investment.

UPDATE: BITCOIN DCA JOURNEY: https://x.com/regothetrader/status/1855234677491073122?t=B09ce6EPbbAV5JyyXrFINw&s=19

cryptoWODL you are very correct the only way to achieve huge success in Bitcoin investment is to be consistent in accumulation while hodling for a long period of time, it is also true that one can also achieve huge success by investing a huge amount of money on Bitcoin and get lucky that Bitcoin hit a very high price in just 1 to 2 years of his or her investment for example Mr A invested $2 million in Bitcoin when Bitcoin was $100k in 2025 and within 2025 to 2026 Bitcoin hits $200k such person has made a huge profit.
However when the person keeps accumulating and hodling for more years his profit will be more bigger, the more consistent and long hodling you are in Bitcoin investment the more successful you become.