Quote from: maydna on Today at 01:07:00 PM

Quote from: Sim_card on Today at 09:00:22 AM

Quote from: maydna on Today at 08:55:26 AM

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Researching about the market isn't useful for a long term investor because you need to just keep your bitcoin accumulation ongoing, regularly, consistently and persistently irrespective of the price of bitcoin. DCA strategy has given you the better chance to growing your bitcoin investment disregard of whatever is happening in the market.

Perhaps, you can say that but for me, that still necessary as I want to know what happen with the market. I can not just accumulate without seeing how the market move. Indeed DCA strategy give better chance to growing Bitcoin investment so we can use many ways to continue what we have done so far. Yes, we will have different thing here so that will not be a problem for me.

Quote from: Sim_card on Today at 09:00:22 AM

Quote from: maydna on Today at 08:55:26 AM

The new investor should know when the time to invest in Bitcoin. Without learn more, they can not just buy Bitcoin randomly because that can make them buy at a high. Besides that, when the price is down, they can panic and worry to see their investment value will go down.

There is no best time to invest in bitcoin, whenever your discretionary income is available, you should get started immediately wether we are in the bull run or bear run because the price of bitcoin shouldn't be your concern since you are not buy one full bitcoin. A new investor should use DCA method to accumulating bitcoin with part of his discretionary income that will enable him keep on buying regularly for 4-10 years and above without stopping.

So are you saying that if the price is high, they shouldn't buy bitcoin, that's not DCA method but buying at the dip. A new investor should already know the basic knowledge about bitcoin that it's volatile in nature and should be a long-term investment. If the price is dipping, as long as he did not sell and using part of his discretionary income to invest, why the panic.

As a new investor in the past, I considered to buy Bitcoin when the price is down. I was too worried with buying at a peak because I don't know if the price will still up or it will down suddenly. That happened to many new investors. By research and find the best time to start invest in Bitcoin, he will know when to start his investment.

If they already understand how to do DCA, they will still buy Bitcoin even if the price is high. They will be more understanding about DCA when they research and learn more. However not many new investor have the basic knowledge about Bitcoin or the volatility of Bitcoin price. So when they buy at high following their DCA strategy, they will still desperate and think they make a mistake.

Quote from: Tmoonz on Today at 12:18:20 PM

Quote from: maydna on Today at 08:55:26 AM

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If actually you understood the concept and idea of the DCA, you will agree with me that one of the benefits is to ensure that investors does not make investment decisions being driven by emotions and looking at your narration it is a contrary view of the impact of the DCA to an investor, maybe I need to remind you that dca can be automated depending on the investors choice, it is pointless emphasing knowing market positions before making purchase of Bitcoin in light of describing investors usage of DCA, investor can buy both in high price and in low price and that is another description of the DCA approach, Bitcoin is designed to take side ways position, it can go up or come down and no one can certainly know to what extend it can increase or decrease which is volatility a basic fundamental of Bitcoin behavior that new investors should know while investing from their discretionary income their shouldn't be any reason for panicking while growing their confidence and the size of their Bitcoin over the long term. There is nothing wrong getting to know the happening in the market but it shouldn't be considered as criteria before making purchase of Bitcoin as an investor because it can only lead you in to making impulsive decision based on emotions . An investor should be working on their finances to enable them buy persistently, consistently and even aggressively without over doing it rather than making research before buying Bitcoin which can probably result to missing buying opportunities.

Yes, I absolutely agree with you but we have different view. The investor can buy Bitcoin in any price using DCA strategy but it would be better if they also check the price on the market and know how the market situation. It will not be a problem if they have knowledge after seeing the market that the market in a high price, but if they don't know anything and just follow DCA strategy without learning, that can make them confuse. Confuse here means they should continue the DCA or wait for a while until the price get correction. We know many investors have different habit and controlling their emotion but most of them could get panic or delay their buying time because the price is at a high without think about the DCA. Buying Bitcoin using DCA without check the market will be okay but for me, I prefer to check the market first before doing something. If the price is high, I still buy the price but I will write a note in my file that the situation is at a high. Perhaps, you have your own method as you say so that will not be a problem.

The fail to understand the reason why people are investing in bitcoin, we are not investing in bitcoin because we want to buy bitcoin at a cheaper price continuously, because if you think so, you will end up having very little size of bitcoin in the future. Bitcoin is a future investment that has the possibility to multiply your wealth in future, so why wasting time to start researching to know when the price is high or low when you are already investing with DCA weekly and you will always know the price of bitcoin.

Investing and accumulation enough Bitcoin so that you can reach your bitcoin target so that in future when bitcoin is very expensive, you will be have that you took advantage of the opportunity now to accumulate enough Bitcoin, instead of regretting later.

Have a bitcoin target and stay focused on accumulating regularly, continuously and ongoingly without distraction so that you can achieve your goal earlier than later. You should also focus on how to increase your income by looking for other means of income so that you can invest aggressively is better than looking for how to buy bitcoin cheaper.

I am telling you from experience, I have been buying bitcoin from "$32k till even when bitcoin was $100k and I am still buying weekly. I have never regretted for buying at whatever price bitcoin is because I am seeing a big improvement in my bitcoin portfolio size which shows progress in my bitcoin investment. I started as a new investor in 2023 using DCA method.

It's a wrong advice to say that a low coiner or no coiner should wait for the dip before they buy because you feel that bitcoin price is high.