Quote from: Bitcoin_people on Today at 03:57:56 PM

Quote from: avp2306 on Today at 01:04:47 PM

Quote from: Derekfunds on Today at 11:01:27 AM

Quote from: Popkon6 on Today at 08:26:25 AM

Quote from: Silentcursor on Today at 12:47:23 AM

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

~~.

In DCA method there's nothing like buying when the price is low because in DCA method an investor will buy at any phase of the market ( low and high) funny enough some people don't even know the difference between DCA and buy the Dip. Moreover, Patient is very necessary in Bitcoin investment because without it even if you have steady and stable source of income you will definitely sell your investment when it is not yet due.

DCA method is easy to understand. What people need to do is to know how to manage well their finances. Since if they don't know how to balance their spending's the chance for them to succeed is low. they might have this sell now mentality then start over again mindset which is not advisable since chance to earn is guaranteed especially for short term sellers.

Patience and money management since this is essential factor especially if we want to invest on Bitcoin for long term. That's why we need to develop good discipline aside from thinking only for consistent accumulation so that everything will take place according to our long term plans.

DCA method is easy to follow but managing finances properly is quite difficult, it is not easy for every person. We know that in daily life, not everyone's source of income is equal, so those who can earn a good income can see success early, and those who have a small source of income can see success by investing very late. Basically, every person's mindset is different in terms of investment, some try to find a source of income from there by making short-term investments, while others invest long-term to get good success.

Patience is not easy for every person, many cannot do this, and many fail to manage finances, so it is important for them to have patience and financial management first. If you plan for long-term investment, then you must have financial stability and patience, and you must gain good experience about the market. If you can save along with your income and maintain discipline from there consistently, then you can plan for long-term investment, you can see success from this investment, but you always have to do everything with patience.

You're right being patient to HODL our bitcoin in the long run is not an easy task, that's for most investors. Which is why they prefer holding thier bitcoin for short term investment, the truth is that before one can be able to achieve a certain goal definitely you will have to make a sacrifice. However, Is just like those investors who are patient enough to HODL thier bitcoin in the long run, you know those time spent while holding thier bitcoin is also a way of making sacrifice.

Because those time spent while holding thier bitcoin can be use for other important things that can also yield something in the future, but since they're aware of the good potential of bitcoin in the future made them to Stick to bitcoin investment. This is why they wouldn't mind how long it will take before they can be able to get profited, so far as they're guarantee about the outcome in the future.