Quote from: CageMabok on Today at 12:59:18 PM

Quote from: Scarlett_23 on Today at 08:23:42 AM

I agree with you. Bitcoin is a volatile cryptocurrency. It fluctuates constantly. I cannot say how much profit I will get no matter what I invest for a period of 5 or 10 years. It can decrease or increase many times. However, even if it fluctuates in the short term, according to its past history, those who invest here in the long term have benefited a lot. If we follow the time from 2020 to 2023, we will see that the price of Bitcoin is more or less sky-high. So, long-term investment never fails. But if there is a big crash, then that is different. Therefore, to invest in Bitcoin, any person must decide how much risk he wants to take. Is he completely ready to lose his value or not. If a person does not want to lose his value, he can reduce the level of investment, that is, if he loses his value, he should not suffer much loss. Now, if anyone is worried about the safety of his funds, he should keep his funds in a "cold wallet".

Just mention Bitcoin and everyone who has known Bitcoin for a long time will immediately understand without having to add the word crypto to it. Because Bitcoin is already considered an asset that is very different from the others, so having Bitcoin in the long term and considering it the best investment is the right thing for everyone without exception. And if you have traced how many people have invested in Bitcoin in 2020 until now, of course you will be even more surprised when you see people who have invested in Bitcoin in 2015 and are still continuing to do so until now.

So I think there is no need to be afraid to exchange the fiat money we currently have in order to be able to buy Bitcoin in the market because in reality it can bring so much profit to everyone who buys it regularly. Because when we are not so afraid of short-term price corrections and still see it as an opportunity to stay in the market in order to keep buying Bitcoin, that's where the best strategy is actually being used by most people because they are still confident that the price will increase again after this short-term correction.

I agree with you, yes, owning BTC for the long term is of course the right thing and indeed BTC is still popular today and many BTC investors have done DCA in the past too. Yes, to be honest, I am amazed by the people who have DCA since 2015 and so on and of course up to now they are still collecting as much as they can and this is a good thing and of course we are not too late for beginners and others for DCA because of course when This opportunity for DCA BTC is still wide open as long as we use money that is ready to be lost and we must also have reserve funds so that our investment is safe for the long term.

It's true that if we intend to invest in BTC for the long term, of course we don't need to be afraid of buying BTC with our money because of course in the future the price of BTC will potentially be higher and it may be difficult for us in the future to find BTC prices at current prices. To be honest, I am also a beginner with little experience investing in BTC. I started DCA from a BTC price of less than $20k and until now, although I have made a profit, I will not sell it because I believe that it is currently too cheap to sell BTC. because it feels certain that even though one day there will be a bearish market, I'm sure BTC will not fall below $20k. In fact, I am currently continuing DCA because I believe now is a good time because the BTC price is still fluctuating. The price fluctuations indicate that there are still many opportunities to continue DCA.