Re: Buy the DIP, and HODL!

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.

Bitcoin investment is not as difficult as your narrative on the bolded part, honestly your narratives on that bolded part can pass a negative information and can be misleading especially to newbies coming in to the thread, it is lack of understanding that makes some people think that Bitcoin is for the strong hearted, Bitcoin investment to the best of my knowledge is very much simplify especially with idea of investing from our discretionary income, that is to say, you will first ensure that your basic needs are taken care of and use the left over cash to invest and I don't see it as a big deal, that your are investing in Bitcoin doesn't mean you will not take care of yourself and go for vacation.

Your idea for accumulating Bitcoin is really simple we think. Your family needs can be multi-dimensional based on basic needs which you can divide into layers to meet their needs which will be easy for Bitcoin accumulation. I want to understand that you will see a mix of basic needs for the family with luxuries that you will need and want to have. If you limit your family to only basic needs then it can be called poverty. There is a discussion in the forum every now and then that accumulating Bitcoin based on discretionary income which meets your every need is a good way to hold Bitcoin. With this you can have a backup fund every week which will grow over time and add units during the downfall of Bitcoin along with increasing economic strength.

Things you should keep in mind while doing Bitcoin so that you do not become poor which is why you do not have to hold it for long term or sell it for a small profit. It is your responsibility to take care of each asset and focus more on the growth of valuable assets like Bitcoin.