Quote from: Spaceman1000$ on December 17, 2024, 02:38:55 PM

Quote from: Solokan on December 17, 2024, 12:39:20 PM

Quote from: Moreno233 on December 12, 2024, 07:32:39 PM

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.

Yes, now is the right time to buy BTC and of course, even though BTC prices are rising, of course in the future we will have the potential to find BTC prices at very expensive prices and that will definitely be more than today. Yes, I also predict that BTC will rise even higher because it seems like people are now starting to realize that BTC is a safe digital asset.

Yes, coincidentally, for me at the moment I am still making the most of my time by continuing to buy BTC, but for me now I am more focused on DCA and not looking at the price of BTC because I am collecting it for the future which is definitely more than 10 years, I will hold it and will not sell it.

but for me personally of course I don't know the time to buy BTC, so in my opinion, anytime is the right time to buy BTC because I'm sure BTC will not disappoint its holders. but yes, if we buy now, it is true that we will get BTC at a price that can still be said to be cheap because of course in the future we will not necessarily find BTC prices at current prices. but of course we have to buy with money that is ready to lose and be ready to take risks and we also have to have reserve funds so that when we invest in BTC we are comfortable.

Every time is always a better time to invest in BTC, and that's the more reason why you have the DCA method because it's invalidates price rotation, so hence your fixated in a particular DCA plan for a period of time, it helps you to reach your goal no matter the price fluctuations.

You are totally correct; there's no better time to buy bitcoin than when your money is readily available and you use it to buy bitcoin right away without waiting for any entry point because nobody is certain what the price of bitcoin could be in the next second, minute, or hour. This is where the DCA strategy comes into play because it is the only strategy that allows investors to consistently accumulate bitcoin whenever their money is readily available, even though bitcoin is increasing or decreasing, which makes investors who are accumulating bitcoin with the DCA strategy take advantage of the market and be more active in accumulating bitcoin than those investors timing the market or waiting for an entry point before they can invest in bitcoin.