Quote from: Su-asa on Today at 11:18:23 AM

Quote from: STT on January 06, 2025, 10:01:10 PM

The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day. Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.

Actually you have some clear understanding about traders but I believed that Bitcoin investment is more better and safer than trade. And you should know that any sudden change can make a trader to loss his trade. Emotions can also make a trader to loss his trade. Lack of risk management can also make a trader loss his trade. Technical failure cam also make a trader losa his trade. When I said technical failure I mean that your account might be compromised or their might be a cyber-securitybreache. All those things I have mentioned are what will probably make a trade to be lost. For me trade is like a higher standard gamble, just like you said, one need to wake up early as 4AM to monitor the market so that can have a clue on how to carryout their daily trade. But on Bitcoin investment, you don't need to do all that as the investment is more safer than trading.

Trading is not acceptable here in this thread. I believe any discussion of trading might seem to be deviating the conversation from the original discussion we have. Only few has been able to make it in trading, while the rest are in agony. We choose investing in Bitcoin here because it is much safer than when someone choses trading. If a proper strategy is implemented from the beginning of our investment tagged with a consistent goal in mind. No investor would regret every buying Bitcoin.

Quote from: Futurexxx on Today at 09:58:31 AM

Quote from: Mayor of ogba on Today at 09:40:19 AM

Quote from: Pi$$ on January 06, 2025, 11:49:12 PM

You are repeating the same thing over and over again. Buying on Lump sum is not a do or die thing. Everyone should cut their coat according to their size. If you have to lump sum then do it if you don't have then go with DCA. Smaller investors should use a strategy that suits their financial capability and leave huge investors to lump sum.

Since you are new to bitcoin investment, it would be better for you to focus your attention more on the DCA strategy so that it will allow you to consistently accumulate bitcoin when your discretionary income is readily available since you are a low coiner. All bitcoin investment strategies are meant for both the poor and the rich. Even though you are accumulating bitcoin with the DCA strategy, if you can figure out at some point that your discretionary income will allow you to buy bitcoin with a lump sum strategy without you getting off the game partially or permanently, go ahead and do it since it will help to increase your bitcoin amount.

The most important thing here is to buy when the funds is available, though the DCA accumulating strategy gives you the flexibility of buying anytime money comes into your hand , either monthly or weekly but the key thing here is buying when you have the funds to do so, and when buying it's very important you pay less attention to the price, because the goal is to accumulate as much Bitcoin as possible, if you pay attention to the value of Bitcoin you might procrastinate by waiting for the price to go deeper which is not good at all, because you might miss a buying opportunity thinking that the value might go deeper, so it's very important that we seize every buying opportunity that comes our way as long as the funds is available, while our emergency funds is kept aside for future emergencies.

You are misunderstanding everything they said about buying with a structured strategy. Its wrong to keep buying Bitcoin every time without a proper DCA strategy planned. And the reason is because aside the urge to keep investing we as human have the necessary and basic things of life. If investing often without taking consideration of our necessities then we might get caught in the web of life. Our basic needs must comes first before investing. That is the essence of DCA. DCA isn't all about buying Bitcoin without looking at the price but it has to do with buying Bitcoin with our discretionary income every weeks, two week or monthly as the case maybe.