Quote from: Emjay24 on February 11, 2025, 01:31:34 PM

Quote from: Gentle_Soul on February 11, 2025, 09:25:33 AM

Quote from: Emjay24 on February 10, 2025, 01:02:02 PM

Quote from: Arcticc on February 10, 2025, 12:52:36 PM

Quote from: Pursuer on April 17, 2019, 07:43:19 AM

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

You cannot be thinking about trade as a newbie, especially in this thread, you need to get your priorities right, It would surely interfere with your investment plan as you have little or no experience to manage both of them at a time. As a newbie you should be more concerned with accumulating and holding bitcoin and not trading it. DCA is a great option to start with as a newbie, but mingling with trade early enough is a threat to your consistency and commitment to your accumulation journey especially when you have a lot to learn about managing cashflow, having backup funds and purchasing bitcoin periodically.

I would suggest you don't distract yourself with trading, but focus more on investing using DCA as you suggested, with your available discretionary income and having an accumulation target in mind. It is also important you plan a long-term holding period of 4 - 10 years or more so you would've accumulated across a cycle or more and have significant stashes of bitcoin to your profile.

When you would loose all your money is if you venture into trade mindlessly as an inexperienced newbie at your level when you should be investing into bitcoin to secure your future financially.

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

As a newbie in the in the digital space, starting off your involvement on bitcoin with trading is same as starting on the wrong foot, Investing is a way of stacking up stashes of bitcoin for yourself slowly and steadily for a relatively longer time while trading is like buying the coins and gambling with it. you can tell me the one that sound good and less risky to you, is it gambling or stacking?

Of course you should believe in stacking up something until it becomes very tangible and valuable for your consumption and that is synonymous with investing into bitcoin for a long-term, you should really take your mind off trading since you're new and judging from your utterances, you don't know shit about trading.

You do not need much experience or knowledge to invest into bitcoin, you only need an income source and presence of discretionary income, have an accumulation target, the desire to get started and a long-term plan, you'll surely figure out how good investing into bitcoin is as you advance in your accumulation journey, but you need to quit over-considering and get started.

One good thing in investing into bitcoin is that you don't loose your coins for any reason, unless for poor security practices, it remains there as you increase its quantity consistently amid market volatility, but your coins are intact and a long-term investment plan promises to give good profits, at least we can observe profits are obtainable from the history of bitcoin price appreciation. Unlike trading that your funds are at risk of being lost if the markets goes against your prediction and that is where the major risk lies.

Indeed, investing in Bitcoin does not require a very high level of knowledge, nor does it require additional verification because Bitcoin is a digital currency at the top of the current market system. In addition, if we read or observe the posts in this thread carefully, we can understand why Bitcoin is such an important currency for investment because the OP of this thread has presented important and informative words about Bitcoin investment and holding in very simple and fluent language. Which strengthens our investment attitude.