Quote from: Futurexxx on Today at 05:46:45 PM

Quote from: danadc on Today at 04:26:48 PM

Quote from: laijsica on December 23, 2024, 05:00:37 AM

Quote from: danadc on December 22, 2024, 07:59:02 PM

The ideal is always to buy cheap and sell high, buy in the dip, but what do you expect it to go down like before? Without a doubt, the DCA method is the best. Even with the current market, the price of BTC, if I have the opportunity to buy, I would do it. The price doesn't matter to me, what matters is having BTC no matter what, even if I buy a little, If it goes down, the idea is to buy more in the dip. That's the idea. I respect everyone who is looking for or hoping to buy in the dip, but this year is already ending. It is predicted that by January the price of BTC could rise much more, so is it not cheap to buy now? Maybe, it's a risk that few of us take.

High selling trend looks like short-term trading and I am more reactive to long-term holdings. I expect I will have to continue depositing bitcoins as per the DCA strategy. If the price of Bitcoin goes into a dumping trend, it should not be alarmed because you have to believe that you have chosen the best investment and that Bitcoin has always resulted in bullish periods for price recovery. I agree with you that DCA is the best way to deposit bitcoins. But you should be regular every time for purchase regardless of price. You should expect to buy at sinking prices as this period helps reduce your UP and is the best opportunity to add bitcoin units. Depending on the market conditions you should tend to increase your holdings through lump sum buying and keep long term holdings. The price of Bitcoin will undoubtedly increase in the coming days and it may be more motivated to continue the phased accumulation and the skyrocketing price that is currently crossing the bearish. If you have demand for DCA with long term cycle then risk level is close to zero.

I think the same too, some people get alarmed when the price of bitcoin goes down, I don't, I see it as the best opportunity, it's not that I want the price to go down a lot to buy cheaper but an investment for me means that it is for the long term, short term investments seem to me to be insecure and that they do not have much clarity, I even think that they are scams on some occasions, therefore when I go to review any type of investment it is clearly bitcoin, even when it is oscillating between $95k-$104k for me it is a great buying opportunity, I am not like the others but I like to buy right now because by January I think it will go up a lot more.

The actual fact is that Bitcoin is on the rise, and at 100k mark, it's very cheap comparing to how much it might get up to in the future, so we should be seeing this current value of Bitcoin as an opportunity that may never come again in like 10 to 20 years time from now, so the best thing to do now is to seize this opportunity and buy regardless of it current price, because with the kind of huge potential Bitcoin has, it can go as high as a million dollar in the future, so in my own opinion Bitcoin is an investment risk am willing to take since it's an asset that appreciate in value overtime.

I think you should have used the word price of Bitcoin instead of value of Bitcoin in that bolded part because the value of Bitcoin is different from the price of Bitcoin, when you are referring to the value of Bitcoin it has more to do with it's scarcity, utility and trust and it doesn't correspond to your statement.

However, it seems you a nice orientation about Bitcoin but one thing for sure is that one must first figure out whether he or she has a discretionary income which is meant to be the left over cash after ensuring that your basic needs has been met, Bitcoin has proven to be a good choice of a digital asset class any one can afford especially if approached with the DCA strategy it becomes cheaper since you will only be buying a fraction at your convenient and not a whole Bitcoin either weekly or monthly.