Quote from: bestcandy on February 14, 2025, 10:22:20 PM

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Quote from: Stormisover on February 14, 2025, 02:00:09 PM

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Discretionary income is very important because it helps to curtail other financial needs that may influence investors to be under the pressure of not holding their Bitcoin for long term.

I don't really get your point here. I would have love you to explain more or throw more light to this paragraph I edited for transparency and clear understand before I misinterprete you Grin

because you might be making sence but the way you surely arrange your words may make it look thus different from the intended meaning.

Quote from: Onyeeze on February 14, 2025, 10:59:24 PM

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Quote from: Ricardo11 on February 12, 2025, 01:33:38 PM

I agree with you, it is very important for every investor to adopt the right strategy in Bitcoin investment. If you want to profit from Bitcoin investment, you must maintain patience. You cannot be successful just by investing, you have to manage the investment properly.
And we know that the only best method in Bitcoin investment is the DCA method. However, you will get effective results from the DCA method only when you keep DCA continuous for the next 10 years or the next 3 cycles.
Because Bitcoin is a volatile currency, even if it fluctuates a lot in the short term, it has a high probability of being valuable in the long term. That is why investors must be patient enough and follow DCA continuously, only then will there be a high probability of getting very good results from Bitcoin.

It is easy for every investor to start investing, but it is very difficult to actually maintain your investment for a long time.

The only way I will agree that it is difficult to maintain a bitcoin investment for a long time is when an investor invests in bitcoin without following the rules of bitcoin investment, such as investing in bitcoin with the money that is meant to solve his or her daily expenses, but if an investor has a steady income and invests in bitcoin with his or her discretionary income or with the money he or she can afford to lose, there's no way that investor will find it difficult to maintain his or her bitcoin investment for a long time because he or she will use the money that is not allocated to solve any of his or her day-to-day expenses to invest in bitcoin.

I think it is difficult to maintain Bitcoin investments for a long time for those who cannot properly adopt their financial planning. We may have read many times that invest in your ability before investing, ie, start investing according to your ability to make money. The amount invested in Bitcoin is not that important, as important as it is to stay consistent with Bitcoin investing.

what matters in bitcoin investment for long time is your decision, because I know very well that if you have the mindset to accumulate your bitcoin you will leave your bitcoin stay as long as you want,

Dicition making is not the only factor to determine Bitcoin investment, discretion is one important factor because your dicition can only stand when you have a financial backup. It's just like saying you want to build a house and you have not yet made any preparations like moulding blocks. So any dicition made without preparation is equal to nothing.

Quote from: Onyeeze on February 14, 2025, 10:59:24 PM

but a process whereby you don't have don't have the mindset to accumulate bitcoin you will not have a decision of keeping your bitcoin for long-term, theirs no maintenance in keeping your bitcoin to anytime you like, keeping bitcoin long time or not keeping for long time is your decision.

If I understand what you meant here then I am lieing. You need to improve in your writing skill, otherwise you will keep on explaining yourself often an on. Even when you are making sense it will not be recognized due to your word arrangements. Please take no offense we are learning and educating each other.