Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Odohu
on 28/12/2024, 20:32:37 UTC
[
You are really making sense here, their is a saying in my country which say; slow progress is a progress, as long as you don't stop.
So the most important thing here is consistency, especially when you don't have the capacity to buy in bulk like microstrategy did.
And the DCA accumulating strategy is the best way to follow, because you will have to be buying weekly or monthly according to how much you can afford to do away without for a very long time, without tempering with it.
But we should not forget that the key thing there is consistency, without that nothing great can be achieved.
Investing requires confidence, patience, consistency in buying, and also having income every month or every week.
If that is complete we can arrange the purchases we will make with various strategies, and in general DCA is easier to understand so we prefer to invest in bitcoin with the DCA strategy.

And also a target is needed in the investment we make. We invest of course the big target is profit without profit we are unlikely to be interested in investing. Yes, that's a reasonable problem, I mean if we target an initial investment of around 10 years with regular purchases with DCA then when we reach the final stage we will calculate the profit we get.
I also appreciate the emphasis on having a clear profit-oriented goal.
If you are investing in Bitcoin and your focus is on profit from day one, I'm afraid you will sell your Bitcoin earlier than you had planned because Bitcoin has the potential of giving profits that if you are not determined to hold, you will sell. In other words, having a profit-oriented goal from day one  has this way of affecting your psychology and make you focus on quick profits which is very a dangerous way to go about Bitcoin investment.

Setting a 10-year horizon gives your investment enough time to potentially grow significantly, especially given Bitcoin's historical performance and increasing adoption. The idea of evaluating the profits at the final stage makes perfect sense—it’s a crucial step to measure success and refine future strategies.

With this approach, you’re not just investing; you’re creating a well-structured plan that aligns with your financial capacity and targets. It’s practical, thoughtful, and most importantly, sustainable. Patience and consistency truly are key here!"
Now we are back on the same page because investment in Bitcoin requires time to grow and although it must not be 10 years but anywhere from 4 to 10years is just perfect. I think I first saw this range from JayJuanGee and I think it is smart because within that range, we would have seen a complete market cycle for Bitcoin based on the available data.