Quote from: Tmoonz on Today at 04:15:32 AM

Quote from: sportbitcoin on Today at 03:16:43 AM

Quote from: Olatundespo on December 07, 2024, 08:27:44 AM

Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

The dca strategy is very much simpler than how are you presenting it since it requires buying at different intervals either weekly or monthly it naturally mitigates the impact of market volatility because you must have bought in different price points and because you are still holding your coins without selling you don't have to start counting losses since the intention is to buy and hold for as long as necessary possibly 4 to 10 years or more.

Yea that's it, as long as you are actually buying for long term purpose, it's a major plus, because we are still in the early days of Bitcoin, and due to it huge and promising potential, It can go as high as a million dollar in the future, so buying it now that it's still cheap regardless of it current price is actually ideal because you are only looking at the bigger picture of it, the value it might get up to on the longer run.
So while buying Bitcoin through the DCA accumulating strategy, consistency is very much of a key, so as to increase the stash of Bitcoin in your possession, because the stash of Bitcoin you have determine how profitable and how successful you might eventually be in building a generational wealth.