Quote from: SuperBitMan on December 22, 2024, 08:25:07 PM

Quote from: adultcrypto on December 22, 2024, 01:32:35 PM

Quote from: Mayor of ogba on December 21, 2024, 12:09:02 PM

Quote from: As-Soon-As on December 21, 2024, 08:40:52 AM

Quote from: Ricardo11 on December 21, 2024, 08:19:07 AM

In fact, the best way to invest in Bitcoin is to invest in Bitcoin through DCA, and the most important thing to keep this DCA going is to have a source of discretionary income. Because no matter what percentage (depending on the amount of income) (small or large) an investor has to maintain it regularly for DCA. There is no need to worry about the amount of income being big or small, rather consistency is the main thing. So if DCA is done regularly, disciplined and with a long-term goal (at least for 10 years), then it can give you very good results at one stage, which can also be a life-changing success for you.

However, for this, when investing in the beginning, the mindset of greed should be eliminated, because a person who is greedy for money will not be able to maintain his investment, so greed should be eliminated at the beginning.

There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.

I disagree with you bro because I grew up knowing that greed is not goo no matter how you paint it because it will always make you to act irrationally. It might sound motivating to be greedy with your investment in bitcoin but if you allow greed to guide your decision, then you will obviously invest beyond your discretionary income and might possibly run into problems that can force your to start selling your bitcoin to meet up other needs. It has been abundantly clarified that to succeed in your investment, you must make adequate plans for other important aspects of your life, such as your basic needs and you also have to go as much as setting aside some funds for things that can come up which you did not plan for.

With greed at play, there is little chance that an investor will be able to even set up emergency funds because every money at his disposal will be converted into bitcoin even if such money was supposed to be used for something very important in the near future. I don't see this as a good practice, therefore we should also protect ourselves from being greedy even though we want to have as much bitcoin as is reasonably possible.

You really don't understand what Mayor of ogba of saying or pointing to, people have different financial struggles and strength and so being greedy in other to keep up your accumulation is not bad as long as you don't use above your Discretionary income.
Major of ogba is not talking about greedy in investing so as to become rich quick through Bitcoin he is talking about being greedy and investing within your Discretionary income, some set of people they have a good discretionary income but because they don't hold there self they buy anything they see with there discretionary income things that are not relevant and before they could even remember to buy Bitcoin they have used up there discretionary income in situations like this you need to be greedy in other to invest.

I understand what you are saying but I think or perhaps a more rhyming word that will suit this case should have been used instead of greedy because it doesn't suit or sound good. It is true that one ought to keep there discretionary income very safe in other to maintain or keep their investment running but that doesn't mean one should not help someone who's in need if they are in the position to help all because of investment.

Lastly, anyone who buy's everything with his or her discretionary income it is obvious the investor doesn't know what he or she doing perhaps not a serious investor though using your discretionary income is not a bad thing but it should be used for something that is worth it.