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Quote from: maydna on April 09, 2025, 12:20:10 PM

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I still wondering the kind of research that you are considering for a wise investor to make before buying Bitcoin, I guess you are talking about analysing the market conditions before buying Bitcoin. However, as an investor with a long term goals and objectives, you don't need to make any research about the market before buying Bitcoin, it is complex to analyze the market conditions such that an investor don't need to make investment decisions based on the market in order not to miss buying opportunities while attempting to analyze the market conditions, what every new investor needs is to acquire the basic knowledge of Bitcoin and figure out how much of discretionary income they have to invest in Bitcoin and not to wait till they learn many things since they can be doing that at the same buying Bitcoin with the dca strategy.

You still need to research the market before you buy at least that will give you more information about what happen to the market. If you buy at a high, your average buy will increase so you can make a note in your file or buy trade order.

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.

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Even if you use DCA strategy, you still need to know where is the market position, whether if that is up or down. But that will be too complicated. So we will have our own way to do related to Bitcoin investment.

When you are DCAing, your priority is for you to keep on buying whenever you have your discretionary available and focus on building your bitcoin portfolio to reach your bitcoin target irrespective of the price of bitcoin, because in future bitcoin will be more expensive than what you buy it today.

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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.

This is the key question here, am talking about the bold words in your statement, because what I have observed about Bitcoin investment is that if truly you have a plan of buying and holding for a very long period of time, and you truly trust in the capabilities of Bitcoin rallying back no matter what, or hoe dip it fell, you wouldn't even blink or even think of selling off your holdings if you invested with a money you can do away with for a very long period of time, because you know that you are not needing it anytime soon, but because any emergency situation can arises in the the future, that's why we make sure to make provisions for emergency funds, so that we wouldn't have to temper with our holdings due to emergencies.

I feel as an investor you need to understand financial planning which means investors to consider thier overall financial situation including emergency funds, before thinking of any investment such as bitcoin, why do you think most investors are having emergency funds is because it provides a safety net, reducing the needs to sell investment during unexpected events.

It is important to have an investor's financial plan. If you do not make a financial plan, you will not be able to deal with any situation A person must have an emergency fund to manage the life of a person And if there is an emergency fund, investment work can be completed from Bitcoin to anything else1 I remember a person used to earn good money and lived a lot of luxury, but he lost all the money because there was no emergency fund. So we need urgent funds to deal with natural disasters that help us to keep Bitcoin in the long term and strengthen portfolio.