Quote from: Mame89 on Today at 05:23:51 PM

Quote from: Youngrebel on Today at 03:26:38 PM

Quote from: ejikeme24 on August 14, 2025, 10:09:12 PM

Every beginner should focus on the ongoing buying of bitcoin instead of engaging yourself into monitoring the market because majority of the beginners that was going with this practice end up selling thier holdings in the middle of thier accumulating journey due to panick, As they can't withstand the pressure so to avoid putting yourself in this kind of pressure I would advise you just Stick to your weekly/ monthly buying of bitcoin and pay less attention to the market condition until you reach your investment goal that's if you don't want to be trapped in the middle of your accumulating journey just like other guys.

But you have to be calculative when buying like, when the price of bitcoin is $122,000, definitely it would come down to $119,000 or $118,000 which is the the current stable price of bitcoin so once it hit that lower amount you can buy it and you keep it for long term investment plan. And once buy that you keep it in DCA method to accumulate weekly or monthly and all depends on the way money is coming in to you.
Always security conscious of the investment, don't disclose your investment with people.

On the one hand, you recommend using DCA, but on the other hand, you're suggesting that you have to be calculating when buying Bitcoin. You're indirectly making a statement that contradicts the previous one. By using DCA, we no longer consider whether the market price will rise or fall; every movement must be capitalized on to continue buying and holding for the long term.

If the scenario you suggest actually makes us hesitant to buy Bitcoin each time, because we have to wait for the price to drop. If the price rises, does that mean we shouldn't buy Bitcoin? If we do use the DCA method, we should just keep buying without waiting for the price to drop. My point is to be consistent every time when buying Bitcoin, because sometimes waiting for the price to drop can actually lead us to miss moments when Bitcoin isn't falling.

An investor doesn’t have any relationship with studying the market moment especially when it’s connected with buying after watching the market. If anyone should study and wait they’re not ready for bitcoin investment basically bitcoin investment is a long term investment so if buying now consider holding for 4 to 10 years or beyond. Personally I make use of the dca strategy not because it’s a common strategy among investors rather it gives more room to plan a budget before buying at least if a proper management is involved our investment will stand firm although using any strategy of your choice is still good without studying the market before buying, you’re right consistent is the key for an investor who is ready to invest.