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Quote from: SuperBitMan on December 01, 2024, 02:46:52 PM

Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.

Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.

The DCA method is indeed a very good way of investing in bitcoin that is highly recommended for everyone irrespective of the income class. It is easy to follow and does not require so many technicalities even as it gives us the freedom to start with whatever we have and grow with time. The DCA method eliminates so many problems people face when investing in bitcoin like knowing when to buy, missing the opportunity of entry and the fear that comes with high volatility. DCA is synonymous to peace of mind when it comes to investing in bitcoin because it offers the investors peace and calmness and makes the investing process automatic. It may appear slow to some people but in reality, it is not actually slow because if you are doing a weekly or monthly DCA, before the first year of consistent investing, you would be happy with how much bitcoin you would have gotten even without feeling any pressures. These are many more are reason I have chosen the DCA method of investing in bitcoin.

No doubt DCA method is absolutely the best as it stance now in bitcoin investment. The slow growth of our investment using the DCA method depends on the following;
1. investing or accumulating with small money weekly or monthly, if one is the kind of investor that always invest with a very small amount of money while DCAing definitely your holding will not be big, one can not plant a seed of corn and expect it to grow like you planted two..., but the amazing thing is that there is going to be a return if one hold for long.
2. investing or accumulating with good amount of money; let assume one is investing $2000 or more depending on his or her cashflow every month, if you multiply this by 12 months that is a year you will see this person will be having $24,000 in bitcoin, so you can imagine what this investment will look like in 3-4 years if this investor is consistent and of course is going to be great and interesting but the most important thing is accumulating and holding, if one has a long term mindset the amount one is investing does not really matter so long as you are comfortable and it is convenient, i mean everyone has their own capacity. so whether it seems slow or fast keep on holding.

Yeah you are right some people feels DCA strategy are for people who really don't have a large source of income but that's not true those with a large source of income and those with small source of income can use the DCA strategy, if you have a large source of income that means you may decide to use a high amount of money to accumulate Bitcoin weekly or monthly but those with small source of income may decide to use use a small amount of money to accumulate weekly or monthly when it comes to DCA strategy it all depends on your financial strength, the reason for DCA strategy is to remove pressure from you, it is only when you receive your weekly, monthly or yearly income you will invest however you can still choose to do more if your financial strength can carry it.