Quote from: Nheer on Today at 01:34:20 PM

Quote from: retreat on Today at 08:10:04 AM

Simply put, someone who wants to invest in Bitcoin needs to think carefully about the risks and use one of the methods for their investment whether it is DCA or lump sum, and set their investment for the long term, to make sure that they can get better returns from it. Because most people only know that Bitcoin can give them profits, but they invest with the wrong approach - they invest in the short term and tend to be like gambling. An investor should think carefully about their decision and invest using their discretionary money or a few percent of their income continuously - and they need to hold it for the long term until they can get profits.

Those set of people only care about quick profits and only invested because of how they heard people making money from it. They believe they can just come in and make a quick profit without really caring to understand bitcoin investment properly and when it doesn’t end well for them they are the ones who go on to spread negative words about bitcoin because they didn’t carefully plan their investment. There are ups and downs in bitcoin investment as the price will appreciate and depreciate so to beat the market easily one should focus on long term investment and accumulate bitcoin using DCA strategy that way you are eliminating volatility of the market from your worries and since bitcoin has proven itself over the years long term investment is the best for you.

Of course level of profits may well be a factor, and surely most folks are going to prefer to be in profits, yet if someone might invest into something like bitcoin, it could well end up playing out that their holdings are not in profits for 4-10 years or maybe even longer, and so if we have a long term investment, we are calculating that it is more likely that we will be in profits rather than not being in profits, yet we are likely investing based on a kind of believe that our investment is inclined towards going up.. yet we could get drug through extended periods of negativity, and unless our investment thesis is broken we still may well not be selling, even if the total of our holdings is in the negative, and we may well continue to buy for long periods of time that our investment is in the negative, especially if we conclude that our reason for investing had not been broken... which sometimes can also be difficult to know since negative price performance can frequently shake people out of their commitment or their losing their conviction about the investment.. which also takes us back towards some needs to build conviction about our investment, even if we might not know a lot about the investment at the time we get started investing and we hopefully learn information and build our conviction with the passage of time, and if we are not sure about an investment, we may well need to make sure that we temper the amount of our investment into it until we are gaining more conviction about the investment then we likely can continue to increase the amount that we are investing into it.

People can become confused about their own level of conviction and why they invested into something, yet the view of the asset is ONLY one of the nine factors, and other factors to consider when investing into bitcoin would also need to be part of the formula for figuring how much to put into bitcoin based on various personal financial (cashflow) and psychological considerations.

Quote from: Gallar on Today at 02:25:55 PM

Quote from: Frankolala on Today at 07:20:00 AM

Nobody can tell when a dip will come or when it will last. This is why a new investor should forget about buying the dip and focus on building his bitcoin portfolio bit by bit with DCA method where you have the opportunity to buy bitcoin every week or monthly with consistent and persistent irrespective of the price of bitcoin since you are on a long term journey.

Not taking the risk to invest in bitcoin is riskier than taking the risk to invest in bitcoin. This is why it's better to risk it and invest in bitcoin since it's a good asset worth throwing some value into and grow it overtime with the right amount from your discretionary income. Have a target and stay focus on achieving your goal. Emergency funds is needed to survive in your bitcoin accumulation journey.

You're right, long-term bitcoin investors don't need to be fixated on falling prices to make purchases. Because if you wait for the price to fall before making a purchase, in my opinion this could damage the momentum of investing as early as possible. Because for example someone is going to invest in bitcoin, but because the price of bitcoin is currently rising, that person decides to postpone their investment until bitcoin experiences a significant decline. Meanwhile, as you said, no one knows for sure when the price of bitcoin will rise or fall. Therefore, people who delay investing in bitcoin also don't know when they can start buying bitcoin. Because he also doesn't know when the price of bitcoin will fall. So waiting and waiting is what such a person will do.

Therefore, anyone who wants to invest in bitcoin, starting as early as possible when they already have cold money is the most appropriate thing. Because as we know, long-term investment in Bitcoin will still provide very promising profits at whatever price we buy the Bitcoin. So doing the DCA technique is the right solution in bitcoin. But instilling thoughts like this is not an easy thing, especially for beginners who are starting to invest. Because as humans we have fear, and this is a big barrier to fully believing in bitcoin. Because according to my assumption, people who wait for the price to fall first to start investing, it could be said that such people still have a lot of doubts about Bitcoin. And according to my personal experience, it takes time to be able to turn that doubt into belief.

It could take a person 10-15 years or longer to just build a decent portfolio size, since even a person who had been investing 10% of his income into bitcoin, it will take 10 years to just get to a point of having had invested a whole year into bitcoin, so how aggressive a person is investing and also how the underlying asset performs (in this case bitcoin) can take a decently long time to build and start to feel as if the BTC portfolio size is starting to become a sizable investment amount that reaches a level in which the person might start to be able to lessen his level of ongoing investment into it.