Quote from: Sticky Bomb on Today at 03:17:53 PM

Quote from: Rabata on January 09, 2025, 12:33:52 PM

Some new investors may be encouraged to invest in other cryptocurrencies without increasing their Bitcoin investment because they do not have enough money. But if they plan to do DCA, they can only hold Bitcoin regularly. Applying this strategy, an opportunity will be created for long-term holding, which can make the investor profitable.

Diversification when your Bitcoin investment is fueled with quack aggressiveness is a very big mistake newbies are lured to make. Before you can even think of gambling some part of your discretionary income on altcoins or shitcoins, you should make sure your aggressiveness in Bitcoin accumulation is something you're proud of and you've accumulated a decent amount of BTC.

I don't support a newbie to even distract himself by meddling into any other things but Bitcoin. Until you have accumulated a descent stash of BTC, entertaining that gamble might pose a threat to your investment. A newbie, especially those who are entirely new to investing have a lot to learn in Bitcoin accumulation like setting some part of their discretionary income as emergency funds and other variances of backup funds and striving to reach the maturity of being consistent and committed with your Bitcoin purchases and may lead to improper management of your cashflow.

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For those who are interested in lump sum investments, it can be difficult to hold Bitcoin for the long term. They may sell Bitcoin for a small profit, but those who plan for the long term by doing DCA can be a strong holder. Stress free investing can certainly give the investor many advantages in holding it for the long term.

Your accumulation strategy does not determine the longevity of your investment, instead it's your discipline, determination and dedication that sustains your portfolio. The goal is to accumulate more stashes of Bitcoin, so your accumulation strategy does not matter as long as you're continually buying Bitcoin with your discretionary income and accumulation target in mind without tampering with your portfolio.

Although I'll not advise a newbie to wait for the dip, a newbie should start accumulating Bitcoin straight up and plan to continue increasing their portfolio with by lump summing or DCA. Or better if more funds are available, the newbie can choose to lump sum and follow up with DCA to further increase his portfolio.

By determining the strategy of accumulation Bitcoin you can holding Bitcoin in the long term and there should be no doubt about it. For example, if you are a new investor you will have investment fear since Bitcoin is a volatile and valuable asset. You should not have the idea that the value of Bitcoin will only increase. To start Bitcoin, you should refrain from adopting the traditional strategy and plan a continuous deposit in the DCA strategy. The traditional decision is to be flexible in accumulating Bitcoin within yourself which does not give you the importance of accumulation regularly. To accumulate Bitcoin, you have to have a well-defined and important job. This is an important job because if you work for a long time in an organization at the end of the employment period, it provides you with retirement benefits so that you can be financially independent.

By accumulating Bitcoin in the continuous DCA strategy from discretionary income you will get a decent holding and financial freedom in the long term. In conclusion if you can accumulate Bitcoin with a suitable investment strategy like DCA, it may be the best strategy for you. Ultimately it is clear that your accumulation strategy determines the long-term viability of the investment.