Quote from: Fuso.hp on Today at 12:08:10 AM

Quote from: Derekfunds on June 16, 2025, 10:19:20 PM

Quote from: JayJuanGee on June 16, 2025, 09:03:11 PM

Figuring out and employing a DCA strategy does not guarantee that a bitcoin investment will be successful, yet surely a DCA approach to investing does allow tailoring to a persons finances and/or psychology, including within a DCA approach a person can figure out how aggressive or whimpy that he would like to be based on his own circumstances. and even make various adjustments along the way based on his assessment of his various personal factors

I totally agree on this and that Is where most persons get it all wrong because they believe once they use the DCA method that everything is settled no that is not true, if you must succeed in your investment using the DCA method, one have to do the necessary things that is required and apply the principles that will aid them to that successful state. The DCA method is just a convenient method that helps an investor to purchase at any given price but somehow I think an investor is the one that will actually make it to be convenient because there are people who are using the DCA method and yet they didn't find it convenience because they are not doing the right thing so, how an investor go about the DCA method also play an important role in our Bitcoin investment so yes I totally agree with you JJG.

The DCA investment method is considered to be one of the most effective methods for investment, so if a person says that he is not succeeding or has not succeeded by investing in the DCA investment method, then I will say that there is definitely something wrong with his investment strategy. The DC investment strategy is not that I invested in this strategy continuously for a month or two months but kept the investment continuity off for several months in between, in this case, the real purpose of the investment will not be fulfilled.

After starting the investment, the investor has to ensure that he has to maintain the continuity of the investment after a certain period of time and he has to invest in Bitcoin in this method for as long as he wants to keep his investment according to his road map. When an investor invests in a long-term plan and follows the DCA strategy, it will be seen that the investor has purchased Bitcoin at several prices during this period, then by negotiating this price, it will be seen that he is earning a good amount of profit from the investment.

Quote from: Fuso.hp on Today at 12:08:10 AM

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.