Quote from: Futurexxx on Today at 10:45:58 PM

Quote from: Yablee0 on Today at 10:14:52 PM

Gud evening everyone. My little take on the above topic, it all about buying of bitcoin in dca, simply mean buying bit by bit as much as your pocket can buy and holding it for a long period of time. Or buying by lump sum: buying by this method is mostly best for people that has much funds, because you target to buy when the prize drop and in large portion of it (bitcoin),and hold for long periods of time.

With what you wrote down here, it shows that you are not just new here but you are learning gradually, but I just want to throw more light on what it entails to be a successful Bitcoin investor.
To be a successful Bitcoin investor, as a newbie investors, you have to start accumulating Bitcoin either through the DCA accumulating strategy, a situation where you buy Bitcoin bit by bit either weekly or monthly depending on how much you can afford from you discretionary income or you accumulate it through the lumps sum strategy, a situation whereby you mostly buy when their is a dip in price of Bitcoin, but take note that as you are buying, you are aiming to hold for a very long period of time like 10 to 20 years time from now.

Point of correction, both of you are getting the meaning of buying with lump sum. When we talk about lump sum doesn’t mean that you keep the cash on you and start waiting till the price of bitcoin dips before buying. Lump sum means that you are buying immediately with the amount of money you have on you at once no matter the price of bitcoin at that time you are buying wether the price is high or dip. Don't misuse or confuse yourselves with this words so that don't be waiting for a dip and thinking you want to lump sum so that you don't use the wrong strategy at the wrong time.

Having a bitcoin long-term investment goal and your believe in bitcoin is enough for you not to take any news serious because that's not your main focus but to reach your bitcoin target.