Quote from: I_Anime on Today at 07:51:39 PM

Quote from: ChocolateBitcoinK on Today at 07:37:57 PM

To hold Bitcoin in the long term and make it successful, you need the right strategy and plan. You need to be mentally and financially prepared when investing. Buying when the price is low and taking risks in the hope of short-term gains is dangerous. The risk of investing in the DCA strategy is low and it is possible to deal with the ups and downs of the market. However, you should first start investing by clarifying your financial capacity, emergency fund and goals. Prepare an emergency fund as soon as possible after investing so that you are not forced to move away from DCA in an emergency. And unexpected situations can be easily dealt with. So I think in addition to a long-term mindset, risk management, emergency fund and financial situation are also important in this investment.

That is why one have to focus less on chart and focus more on the big picture which is , freedom and financial independence. With bitcoin you can achieve such , though the journey may not be easy but the destination worth it .

As the cycle of bitcoin continues that’s how the regret of folks that didn’t took the opportunity to buy more will keep regretting hoping for the price to go down totally for them to buy cheaper. But things don’t work that way the market would not just come down for you alone and don’t forget the value if bitcoin depends on supply and demand, so better to take action now than to keep hating on yourself and waiting for the dip that would help you arrive.

Waiting for the dip is definitely a thing of the past as it will be so awkward to wait for dips after all the progress made by bitcoin in recent years and with it's track record. Waiting for dips is the easiest way to stay out of bitcoin investment. Watching the chart is a tedious job to be undertaken by anyone which in most cases you still end up missing the dip you waited all along. The earlier we learn to consecutively invest by DCA the better. All you need is to have a discretionary income, no matter how small. You start gradually and aim to improve your DCA allocation and you will see you dedication paying off. If you understand that each minute counts, you won't waste anytime over the market price you can not control. A good financial decision can change your entire bitcoin experience if you show full dedication and principles.