Have you being considering on buying bitcoin, then take into consideration these few advise.
- Have a designated fund for your investment and ensure that you don't rush to invest, instead find a suitable entry point and buy the dip, additional, you can use the DCA strategy if you think its more convenient for you to buy steadily and not at once
If you are a low coiner or a no coiner, it is better to get started right away. So yeah, that could be considered a rush to get started right away.
That's true, the starting point is now and we can just apply DCA to accumulate gradually as we have our inflow of income and taking advantage on buying the dip, but at the end, we should be able to hold for a while in other to make more profits after our investment had been made.
You, Doan9269, are barely reaching your first whole cycle of being registered on the form, and perhaps you were able to reach overaccumulation status, if you had frontloaded your bitcoin investment. Otherswise, I doubt it. You likely are still needing to accumulate bitcoin, so your inclination to describe trading tactics is likely not only appropriate for most beginners, it may also not be very applicable to your own personal financial situation, either. Of course, I cannot know your particulars, so it could have had been possible that you were able to significantly front load your bitcoin investment and to get yourself to a status of overaccumulation. Perhaps? perhaps?
How do you know Jay, i must admit that you're a seer in this regard, because your many years of experience has helped a lot in developing even foresights to know the actual condition on investment and stages we all might have been on this altogether, but from here, i think i have learnt a number of things and be able to start from the little i could as i accumulate, because the future ahead will have to depend on whatever thing we invested on today, thanks to Satoshi for bringing this initiative and this thread for enlightenment whereby so many have utilize it well for what they have today.
- Also, consider that you have made the right decision in going for bitcoin and choosing of a non custodial wallet for your holding, avoid fear of unnecessary demand, fear of missing out , because they can push you into making a hasty decision on selling when it is not yet time to do so, therefore its important we develop a more thicker skin as investors as the market reacts on many things happening around.
One way to avoid sensations of fear of missing out (FOMO) is to ongoingly buy bitcoin... any guys who are insufficiently/inadequately preparing for up run the risk of putting themselves into a situation of experiencing FOMO.
You're right, how many are interested in bitcoin and still have the tenacity of withstanding the rigorous challenges while still holding.