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Quote from: qurbanshah02 on January 08, 2025, 05:11:56 PM

Quote from: SmartCharpa on January 08, 2025, 04:45:35 PM

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

Bitcoin investment is not only for the rich both parties (rich/poor) can invest in bitcoin their difference lies in their discretionary income the rich will have a higher discretionary income more then the poor and this will make the Rich to accumulate more Bitcoin than then the poor but that doesn't mean the poor won't still be accumulating Bitcoin he will as long as he has a discretionary income to do so and with the DCA strategy the poor can still be accumulating Bitcoin gradually he may not be able to buy half of bitcoin as you have said but gradually with the DCA strategy he can be buying Bitcoin small small either weekly or monthly irrespective of bitcoin price and still continue to hodl bitcoin for long.

So bitcoin investment is for both rich and poor people the difference only lyies on their discretionary income.

For the poor a long-term plan should be in place to continue accumulating Bitcoin so that they can accumulate small amounts and build a decent portfolio. Poor investors find it much harder to accumulate each fraction than rich investors, so their strategies should be short quantity of bitcoin and long term. Weekly deposit of $10 would be $40 per month and $480 per year which is very insignificant. If he can implement a 10-year scheme or plan his holding size would be $4800 in principle and with that the profit could be much higher over time. If double or triple or more profits are added to your portfolio it can be very impressive. For long term DCA implementation it is recommended that you gradually increase the amount of backup funds. Considering the financial situation of the poor over a long period of 10 years it is easy to touch rich investors by making a single buying.

Since bitcoin investment is not a quick way to get rich soon, both the rich and the poor investors should have a long-term plan whenever they are investing in bitcoin so that they will be in a better position to get good profit from their bitcoin investment. I don't see anything insignificant if an investor is investing $10 weekly in bitcoin through the DCA strategy because bitcoin investment is best done when you invest in a way that it will not stop you from solving your daily expenses. If $10 is very much suitable for any investor to invest in bitcoin weekly, the investor should carry on with it because that is what the investor's discretionary income could possibly allow him or her to invest in bitcoin with at the moment. The best thing is to get started first with the little amount of money your discretionary income could allow you to invest with, but as time goes on, your income flow could increase, and you will be in a better position to increase your weekly accumulation money to a better one.