Re: Balancing Financial security and Bitcoin Accumulation

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

That's right, we know many people who are willing to invest in Bitcoin but are afraid to invest because of the high price. They don't know that Bitcoin can be collected very easily through (DCA). I believe if they are properly explained, they will definitely be very interested in investing in Bitcoin through (DCA). By giving honest advice, people can be interested in investing in Bitcoin. To start investing in Bitcoin, having a basic perspective and a discreet earning is enough.

I think that the reason why many people are not investing in bitcoin is because they do not have solid sources of income to continue to keep their DCA coming. Another thing why most people are not also investing in bitcoin is because they feel they can't make much profits from it considering the duration of time they plan to hodl. The truth is that most people want to hodl for a short term, only few have the mind to hodl for a longer period of time and these set of people are those that own huge investments and good sources of income.

I agree with your second reason and I also think another reason is because they feel they can lose their money because some people's mindset is centered on buying and selling when there is little change ( uptrend) in the market and some persons too, the reason they have not invested is because of lack of basic knowledge, some people have the money and yet to know how to go about. There are also folks who have the money and knowledge but they are afraid of investing because some people still see Bitcoin as scam and this particular set of people need an orientation else there perspective can not change.