Quote from: ginsan on Today at 03:57:22 AM

Quote from: Justbillywitt on March 12, 2025, 09:16:13 PM

Quote from: ginsan on March 11, 2025, 07:48:45 PM

If we are still in the accumulation stage I think it is better to forget about the name of profit, because if you keep thinking about profit then we are not focused on buying Bitcoin. Bitcoin is also not only a type of valuable asset but also an asset that is safe from all natural disasters such as fire and flood. So it is very appropriate to make Bitcoin an asset that is worth maintaining in the long term.

Beginner investors must also think about how their investments can run in the long term. I am quite sure that someone who has invested in bitcoin already has a strong mentality and is ready to face all risks. The carelessness of an investor because they panic and panic must be eliminated if we focus on the long term. You are right, investing with a dca strategy is quite good because it is very supportive for the long term with routine accumulation that we do once a week.

I think there is need for we to correct one impression that has been created in this place. Although I may be right or wrong, but I strongly believe that I am right on this. The impression that I have be observed here, is the fact that many people here believe that whenever we hear DCA method what comes to our mind is buying of bitcoin once a week or in a month on regular basis. Yes it's true, but the impression I want to correct is that, "you can buy your bitcoin multiple times in a week or in a month, and it will still be the DCA method. As many times as you wished to buy bitcoin in a week or month it's still DCA. Provided you are doing it regularly. What qualifies it to be the DCA approach is because of the regular buying you are making. Not doing it once or twice and give a gap of several weeks or months before buying again.

For this I think it is not necessary to be a problem because in the end what I wrote refers to what I do and until now I still do DCA once a week. Regardless of other people who buy once a day like El Salvador, once a week, once every 2 weeks or once a month I have no problem with that because it is indeed the same as DCA but my previous statement was just a description for myself because I accumulate it once a week.

If you are indeed able to do something more like once a day or once every 3 days or another possibility if you really want to do it once every 2 weeks or once a month it is up to those who do it because after all investment here is not a competition but we must focus on the economic growth that we have so that the impression is to prepare for the long term that we do, we also do not force our will by investing that you cannot do because you are pushing yourself too hard.

It's all good you know, my initial post wasn't talking about you in particular. I know everyone should buy according to their disposable income and convenience in a manner that it wouldn't affect other aspects of lives. It was just an observation that I saw, I just shared my thought on it, so people will know that it is not stamped anywhere that we need we do DCA once a week or month. It can be done as much as we want, provided we have the resources to do so. Myself I have been guilty of this thinking in the past, but as my knowledge expanded, I realised that DCA must not only be done once a week or month. So when I saw that in your previous post where I highlighted, I decided to make that observation. Just take it as a way of me sharing my thought and not as an attack or talking down on your post. It's all good here.