Quote from: Gallar on Today at 01:47:54 PM

Quote from: FortuneFollower on Today at 10:22:14 AM

Quote from: NewRanger on Today at 06:04:22 AM

I think it's better to do it properly and normally, buying BTC with DCA is most comfortable to do manually, if it feels right, just buy and buy according to our financial capabilities.

Everything that looks sophisticated and is considered helpful has an expiration date and will be abandoned, especially if it is problematic and deviates from the desired function.

Investing must be relaxed.

Investing is about analysis and peace within yourself because you know what you are doing and you know you can reach what you aim for in the months / years to come.
At least that's how I view it.

Investing in bitcoin using the DCA technique can be said to be a very appropriate method for all groups. That's why currently many bitcoin investors are using this technique. Because of course it is not without evidence, but in fact the DCA technique does help bitcoin investors to be able to consistently accumulate money into bitcoin more regularly and consistently. Apart from that, doing DCA is actually better done manually. Because it is done manually it doesn't take much time. Because we don't need to look at the price of bitcoin, or analyze it any more, we just buy bitcoin and send it to our wallet (if the nominal value is more than 10 dollars).

I would suggest that it is quite problematic to be buying quantities of bitcoin in the area of $10 and sending those transactions to our private wallet. Personally, I think that it is probably better to wait until the amount is in the ballpark of $100 to $500 before sending to our personal wallets, and surely the smaller the size of the transaction, the more potential that we will either be overly spending transaction fees in the future or even in the present. We have a certain level of uncertainties in regards to future transaction fees, so we should attempt to prepare ourselves not to have too many UTXO sizes that are less than $100 in value. Sure, one or two, here and there might be o.k., yet it is likely a better practices to have them higher than $100 and perhaps even higher than $500 in order to feel some level of comfort that we are not overly limiting ourselves.

There are more and more wallets that have coin control as a feature, and so it is likely that many of us have to either make sure that we are familiar with coin control or to learn about it, yet even if we don't know about or have coin control in our wallets, we still might not get stuck with high fees if we try to keep our UTXOs from being too small.

Quote from: Ruttoshi on Today at 02:02:48 PM

Quote from: Fivestar4everMVP on Today at 01:06:42 PM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Putting the time or period you created this thread, which was as far back as march this year, we need no soothsayer to tell that that time was a buy buy buy time, looking and seeing how much the price of bitcoin (and some other major cryptocurrencies) have grown since then till date.

The market can be very trickish most of the time, making winning seem very difficult, it takes good discipline and patience to win, do you research and invest in your conviction, (that is) in the coin or token you are well convinced about its future successand simply forget about it, act like you've lost that money and allow the market do it's thing, winning is sure at the end if indeed, you made the right choice of investment.

This is a bitcoin thread and only bitcoin has the long-term potential to multiply your investment and not shitcoins. Investing in shitcoin is gambling because they don't have solid foundation and you can get burnt anytime.

New investors shouldn't think or bother of doing any research on what to invest in because you will definitely make the wrong choice is it's not bitcoin. Bitcoin is decentralized and solving a lot of problems which has made the adoption rate to increase and that has also triggered the price to be on an uptrend movement. Have you seen any big invstor or government talking about shitcoins because they can never be a store of value and shitcoins are opposite of bitcoin.

Bitcoin is far different from shitcoins so let's not make it look as if they are the same because that can mislead newbies reading this thread. A newbie investor should take his time to invest and build his bitcoin investment overtime with regular weekly DCA buying with his discretionary income and hodli for long so that you can get peace of mind and make your future a happy one with your bitcoin investment. Only keep on buying bitcoin, because only bitcoin can give you good returns in future since it's still growing.

If people are distracted into shitcoins and various other projects, they likely need to figure out how to discipline themselves in order to learn about bitcoin first, which might save them from their own inabilities to focus.

So, normie newbies should try to focus themselves and learn about bitcoin first, and if they continue to be distracted into shitcoins and other projects, if they at least learn about bitcoin first, then they may well be in a better position to at least attemtp to understand the various shitcoins within the context of already having had learned about bitcoin.

Frequently, it can be difficult to stay focused, especially when we are first trying to learn and we also might have exposure to some bad sources of information that convolute shitcoins into any of their bitcoin discussion, whether they are doing it purposefully or accidentally, it can be quite problematic if we cannot figure out some ways to learn about bitcoin prior to fucking around with shitcoins (if we cannot help ourselves in regards to wanting to learn about and/or get involved in shitcoins).

Of course, many of us who follow some of these various bitcoin investment threads know that even if we are spending time learning about bitcoin, we should not fail/refuse and/or wait to get started investing into bitcoin, so even while we are in our earliest of stages studying and learning about bitcoin, we likely will be better off to start investing into it.. perhaps small sizes of $100 or $10 per week or whatever might be reasonably appropriate in our budget - including one of the more important things is to learn about our budget and our discretionary income levels, moreso than spending a lot of time trying to figure out the many sides of bitcoin including that many folks who have been in bitcoin for more than 1 cycle or even several cycles, ONLY know so much about bitcoin, in terms of feeling comfortable investing into it or staying invested into it with their time, engergies and/or value.