Quote from: Rockstarguy on Today at 07:52:02 AM

Quote from: Furious 7 on February 05, 2025, 09:53:58 PM

I don't know, although for now I like bitcoin but when we talk about investment then in the end we also have to have a sense of continuing to be vigilant so that we cannot fully believe in something even though it is still very profitable for us.
Because for me bitcoin is still an investment that is worth doing but to fully believe I will not do that. Not that I am not sure about the development of bitcoin but in this case we also have to remain vigilant because everything related to risk in it, it is clear that there will be no safe word so I will not say that I fully believe in anything including bitcoin.

You can only have a sense of vigilant in an investment which you don't trust and you think it is too risky for you. Most people who such mindset about their investment in bitcoin find it difficult to have good result in their investment. Bitcoin is a longterm investment and if you are so vigilant that means it will be so difficult for you to hodl bitcoin, for me I think it is better for one not to go into any investment that you are not sure about. What I expect from every bitcoin investors to invest with just the amount of money they can afford, bitcoin is not like altcoins one needs to be mindful of.

If that's what you think is best then do it but for me even though it's bitcoin and it still provides benefits for me to date I will still be aware of it because for me bitcoin is still a renewable technology so even though bitcoin is a thing that is indeed very worthy of being a risk aspect but when talking about vigilance for some things it becomes important because we cannot see from one side.

I know that maybe not everyone can accept opinions like this and indeed it is also not for others because I am talking about myself because I consider all forms that have risks we still have to be able to digest from several sides so that we stay awake and that is as a form of our defensive.
I am still doing it in bitcoin so far even it has been a few years which makes me also realize that bitcoin is indeed very worth it but that does not mean we like to deify bitcoin because we fully believe in it because for me it is too exaggerated.

Quote

Quote

For the DCA problem I still quite agree but daily purchases like this may not be done by everyone because again consistency is one of the things we have to think about. But on the other hand for now I am also still making DCA purchases even though now I am only in the weekly purchase phase because for me this is still something I can do to do.

Consistency in DCA method must not be everyday, but it must be some thing that needs to be done from time to time that is within your own power to afford bitcoin.

As I said before, if you can do it every day then do it to invest but I realize with the financial condition that I have and I can't do it every day so it's not wrong to do it with other options and I choose weekly for the purchases that I make.
We must realize that buying daily with a certain amount for some people will be very burdensome so instead of doing that by torturing yourself and ending up with inconsistency, it is better to look for other options for purchases because talking about investment and purchases in DCA we are not only focusing on buying but we must think about whether our financial management is in accordance with the income we have.

Buying every day is good and I really appreciate that but if we are not able to be consistent for daily purchases, why force the will that we cannot do because it will actually make you left and make the investment you make will not be optimal.