Quote from: JayJuanGee on Today at 07:16:39 PM

Quote from: Dump3er on Today at 08:42:16 AM

Quote from: JayJuanGee on Today at 04:45:25 AM

[edited out]

.... In order to lose, bitcoin would literally have to crash nonstop from the day on where someone decided to get in. How likely is that...?

We could have several years of portfolios ending up in the negative, so bitcoin is not guaranteed to go up, even though right now it seems that there is quite a bit of upwards momentum... yet personally, I doubt that the strategy for any bitcoin newbie should change, and it seem to me that any newbie should be considering to put plans in place to buy as much bitcoin that he can for at least a whole cycle, and then perhaps reassess after that... and surely some folks will get distracted by price, and it can be quite difficult to figure out price, and from my own perspective price may not matter that much to a newbie, especially if he is largely just drawing a certain percent of his regular income.

Surely if a newbie has large opportunities to front load bitcoin by lump sum investing or other ways of front loading, then he might get himself in a position to adjust his strategy sooner than 4 years, otherwise, it seems that newbies should largely just be attempting to accumulate BTC through ongoing, persistent, consistent and perhaps aggressive buying for a whole cycle.. and then reassess thereafter. Everyone is responsible for his own decisions and actions, and even failing/refusing to invest is a decision/action.

Your advice to Bitcoin newbie investors is commendable. Since the market is 100% unpredictable, it might be absolutely suicidal to attempt timing the market, so rather than timing the market or focusing on the short term fluctuations of the market, it’ll be more beneficial to develop a long term investment strategy. This strategy might involve setting a budget, setting out a particular investment amount that one can invest on a regular basis without feeling overwhelmed and most importantly, sticking to that long term plan for at least one market cycle. In a nutshell, sticking to the traditional DCA strategy can be extremely beneficial, especially for newbies that are still trying to learn how to manage their portfolio and also navigate the Bitcoin market.

By sticking to this approach, they’ll be able to experience the benefits of the DCA strategy, which helps to reduce the impact of high and short term volatility in the market.
This approach also teaches an investor how to be disciplined and patient, which are very essential qualities an investor need to posses to succeed in the market. This is so because they’ll be able to learn how to ignore the short term fluctuations of the market while fixing their gaze on the bigger fish, which is achieved by having and focusing in their long term goals.