Quote from: retreat on Today at 08:40:27 AM

Quote from: asarfiar on February 12, 2025, 07:00:07 AM

As you patiently study for good results in the exam, if you can patiently invest a little in Bitcoin, you have the potential for good results at one time.

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DCA is one of the best investment methods that can be used by newbies who are new to Bitcoin and want to build their portfolio slowly while building their confidence. This method is suitable for newbies because it is less stressful, more affordable, and fits the volatile Bitcoin market conditions. However, DCA can only be done in the long term and with consistency—if someone feels that they are only doing DCA in the short term, then it will not be effective. There needs to be a stronger mindset to invest in the long term and not sell it until you get the profit you expect.

But it's not just for newbies though, even whales or big entities might have been applying this method to accumulate Bitcoin overtime. But the beauty of this method is that everyone can uses it and again, it's a very effective method.

I think that is part of investing, it should be long term if we want to see our investment grows. It's not that we will be millionaires in like 6 months, because it's not. It's what the altcoin market are made, those projects who said to make some millionaires, that is true but they are more of a pump and dump scheme and easily manipulated so I doubt that majority are going to be rich, only those who are behind the project itself. But Bitcoin is different, it takes time and patience on our part and slow process to see our portfolio grow overtime.