Quote from: Fuso.hp on Today at 01:40:28 AM

Quote from: Popkon6 on January 19, 2025, 06:43:45 AM

Quote from: Churchillvv on January 19, 2025, 12:15:19 AM

Of course many of use here do not really know the value of bitcoin and perhaps it's find it very difficult to know bitcoin well enough including you !ginsan) I don't think the word believe should be appropriate for us when we talk of bitcoin as we already know it's worth and value so saying you believe means bitcoin is not truly a valuable asset.

IMHO, I think you should know by now that bitcoin is truly a valuable asset.

A new investor believes that when he wants to invest in Bitcoin, he believes that he has invested in Bitcoin based on the information he has learned about it. I never consider myself an expert because I have been investing in Bitcoin since mid-2022 and until now I have been investing more on the Bitcoin I have accumulated, because I believe that the knowledge I have gained is enough for me. And I will be accumulating more Bitcoin in the future, but I do not think it is safe to give a screenshot of the wallet, which is why I kept it secret.
A person is able to invest in Bitcoin only when he has the ability to trust and take risks, because the sooner he invests in Bitcoin, the more suitable it is for him. The value of Bitcoin is increasing as time goes by, that is why the DCA method is suitable for all people, from ordinary holders to high holders.

If an investor gets a rough idea about investment and after getting a rough idea if he adopts DCA investment strategy in investing then I think he will be successful by investing in this strategy if he can hold his investment for a long time. Those who have invested and traded can tell you that investing is much easier than trading. In the case of trading, different pressures always work on a trader. Because a trader has to keep an eye on the market all the time and notice when the price of any coin is decreasing or when the candles are strong or weak in the market of any coin. And after noticing these issues, all those traders have to trade.

Investors usually don't have to take all these pressures in terms of investment because the investor who invests in DCA investment method does not have to read the market chart every time separately. Maybe the initial part of investment is a little difficult for every investor because at that time he is not used to investment but when he dares to invest then that fear no longer works in him.

in summary, the major difference between a trader and a holder is time frame
for a person to be tagged an investor, he or she should be hold to hold their asset for a much more longer time without fear of market factors while the reverse is the case with a trader as they have to constantly watch over the market at every opportunity they have so as to grab the profits from their trades when it presents itself and secondly, a holder investor isn't moved by charts or market prices but rather focused on how to keep increasing their portfolios but regardless, an investor has to be smart and as a smart investor, you should always know when best to get into the market and not wanting to jump on it at all times and i think a lot of persons are getting the DCA method wrong and think it about wanting to buy $5 of bitcoin everyday and that's not a smart move as you might end up spending more on transaction fees that you imagine and that's why if you have or intend on investing $5 daily, you can just accumulate it and maybe try to buy weekly or twice a month or possibly monthly as that we save cost on trxn fees and help you invest smartly.

Quote from: Popkon6 on Today at 07:25:08 AM

To invest in Bitcoin, you only need to have the ability to take risks, you see MicroStrategy company is ready to invest in Bitcoin at any time. At present, the price of Bitcoin is going high, but they are not deprived of Bitcoin investment, rather they will buy Bitcoin today.
Because they are following this DCA method, they are investing in Bitcoin regularly every week, this investment will make more Bitcoin investors excited for them in the future. And they are playing a significant role in making the Bitcoin market boom, you can see it and you can see their investment history, it will encourage every investor.

Details: https://cointelegraph.com/news/micro-strategy-saylor-hints-bitcoin-buy-11-consecutive-week

this was similar to what i said, as it is wise to gather the money and buy at a certain period even while practicing the DCA method except you want to waste more on transaction fees and that why the microStrategy company have to buy weekly even when they can buy daily and this in turn makes them save more on transaction fee and invest smartly and wisely.

Quote from: Btcdeybodi on Today at 05:17:43 AM

Quote from: Barikui1 on Today at 04:32:26 AM

And take note of one thing, investment in Bitcoin can change your financial status forever ever if you can accumulate a huge stash of it and hold resiliently for like 10 to 20 years time from now, so it's actually stupid and fruitless reading the chart all day all in the name of trading, that wouldn't change much of your financial capabilities.

Sure Bitcoin can change one's financial status if you accumulate more of it for long time gains but i think holding for 10-20 years time may sound a bit problematic for some persons, considering their age and if they also wish to take part of their bitcoins to establish real life investments that will also alternate their investment in bitcoin so for an average person who is not wealthy, they can have an accumulation time frame of between 4-10 years of which within this time frame they can be able to analyze how progressively they have been within those years of investing then it will give them a clue of if they can still continue accumulating or if they have already accumulated to their satisfaction. For those who prefers to read charts and monitor market sentiments, it's their choice and i believe someday, they will reflect back and embrace investing in bitcoin rather than trading.

let's take death out of this picture{i mean age as we might want to put it}
in as much as we want to all be advocate of holding, you'll agree with me, for you to hold, you must have the money to buy some fraction of the coin and this is where trading comes in, a lot of persons talk more like they're condemning the trading business which isn't right as they're all means to earn from the crypto industry and they're people who trade to raise money to be able to hold and believe me, as much as we want to hold, we still need to have a means to hold.