Quote from: Makus on January 09, 2025, 09:41:17 PM

Quote from: Agbamoni on January 09, 2025, 08:16:49 PM

Quote from: Sonia_123 on January 09, 2025, 12:39:44 PM

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.

You really don't know what is DCA i see. When you are investing using DCA you don't get to bother about the market price so where is the fear of the unknown coming from? When an investor keeps looking at the price of Bitcoin consistently and having this fear of what the price would be next then he is constantly timing the market. And timing the market is wrong.

Lol, sometimes I wonder where they get this impression from that with bitcoin and of all strategy the DCA you should be afraid of volatility of the market. Volatility in the first place is a gift and the reason Bitcoin keeps soaring higher unlike stable coins which can be in a fixed price for a long period of time, and even loss value due to inflation. Maybe bro thought Bitcoin has thesame feature as some of those shitcoin and scam project or he may probably be thinking about bitcoin in short term investment. I'll advice you take some time to go back to bitcoin price chart right from genesis block till date and tell me what you see. Its obvious if you were DCAing from for a year now you'll be amazed of what you've accumulated so far and the profits that has also added to your holdings. Well it's a good thing you came to the right place to spill out your understanding so you can be helped. DCA is so far one of the best and reliable strategy used to accumulate bitcoin irrespective of the amount you want to buy as long as you do it at your own pace and convenience, you could do your DCAing weekly, 2x a month depending on your ability without running out of cash for other important needs. And you may also want to know about securing an emergency fund which could also be separated alongside your DCA but in a fiat form, so you don't get to use your bitcoin accumulate should in case an emergency need arises.

We can commonly say that people who do lack experience or simply being those newbies are the ones who do get easily affected with this kind of situation or in speaking about volatility but we do know that there are people that they've been here on this market for a while but still they have been that get those kind of mistakes on being that having that easily be shaken once they have seen that the market do make out some serious correction. Just like on what we have seen recently the price had played out on 100k+ and now its currently sitting on 94k on which 5% down in a day is never been something new. Why they would really be that anticipating for some crash?

DCA would really be always the key whenever the market do make out some correction. The main issue for most is that they cant be able to handle the volatility and thats why on the time or moment that they've been that trying out to make up some positions whether seeking for some entry then they would really be having those doubts. The key on here is that you should really be that investing on what you can afford to lose so that you wont really be that panicking at the time that the market do move on opposite on what you had anticipated. If you arent that getting used to these movements then this market isnt for you. This is why its really that important that you should be wary into the actions that you are taking into.