Quote from: Mayor of ogba on Today at 02:35:17 PM

Quote from: Sonia_123 on Today at 12:39:44 PM

Quote from: Justbillywitt on Today at 09:48:51 AM

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.

But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

Your comment will likely mislead newbies into believing that bitcoin investment is only meant for the strong-hearted minds, which will make them not invest in bitcoin because they will believe they are not in the right position or mind to start up their bitcoin investment. From the way you are sounding, it is like you are passing through so much pressure to invest in bitcoin because the last time I checked, bitcoin investment is very easy to start, and it doesn't require any strong-hearted persons to start but only your discretionary income. Bitcoin investment is best done when you use the money you will not be needing for 4-10 years or more to invest in bitcoin or when you invest with your discretionary income in such a way that you will not always struggle to sort out your daily expenses so that you will not deprive yourself of the good things of this world.

Bitcoin accumulation is easy to start, but your strength of character is what maintains you in the accumulation process for a long period of time. like you said, it is easy to start, but I tell you it is not so easy to maintain until you have attained the strength of character and discipline to withhold yourself from bowing to the pressure of volatility and remaining committed to buying periodically for across even a cycle. It is for the strong of character and the determined persons who have mastered the art of setting a target and never deviating from it until it is achieved. Weaker hands sell off even before their investments reach maturity, while some of them are easily enticed by the short-term gains, thereby selling much of their BTC too soon and regretting it later as bitcoin continues to advance and progress in the positive direction. It takes a person with determination to subdue these temptations and at times these temptations temporarily win investors, but the strong ones do not bow to the temporal failure but rise up and continue their accumulation journey with a view to make up for their mistakes and attain their accumulation target. Whoever tells you that remaining committed to your bitcoin investment for a long period of time and across cycles is very easy may have told you a lie.