Thanks
It doesn't matter the how you chose to spend the money on bitcoin accumulation. Bitcoin investment methods made provisions for all of that, it depends on how you the investor want to go about it. If you want to go with the lump sum method it's fine, if you want to go with DCA it's also fine. It's just like someone who use the elevator and someone who uses the staircase. But in the end they are going to meet at same spot. The choice of what method to use is your own and nobody can make that decision for you. What matters is your ability to hold on to your bitcoin on the long term.
That's just part of the method we choose based on our own abilities and preferences. Once someone becomes very comfortable with a method, like DCA, they can continue using it without switching to a new one as long as they can afford to buy Bitcoin more regularly, following their own plan. I also like the DCA method, although I don't condemn other methods as long as they're comfortable for anyone. However, when it comes to Bitcoin accumulation and long-term goals, DCA can provide greater comfort for anyone who uses it.
Apart from Government and institutions the rest of the investors or almost all investors uses the DCA method but they always front load whenever there is Dip. One funny thing is that the more people are scared when they see Dip the more serious investors are happy and will be taking advantage of those opportunity because they may not see them again. DCA method is very convenient even though government don't use this method but as an Investor you don't really need to rotate on other investment method rather you can just front load when there is Dip.
I am an investor so I will think about my personal matters first. I have to do what would be good for my investment or how to invest so that the investment can be held for a long time and also get a good amount of return from that investment after a certain period of time.
Now if I think that Bitcoin A DCA investment method is the safest and most effective investment method then we have to give more importance to this investment method. There is no need to look at other investors, if we invest successfully in the DCA investment method then we can share that success story with others but whether another person invests in this method or not is his own matter. I think those who know about DCA investment so far consider this investment method as the best investment method. However, there are still many investors who do not know about this method, I would not have known about this investment method if I had not read the posts in this section regularly.
Basically, here Bitcoin and DCA investment strategies are discussed more, due to which all the members who come to this section will get a good idea about DCA investment.
Yes you are very correct about the freedom of choice by every bitcoin investor. Everyone can not be the same but we only encourage a strategy that seems more universal. Corporate bodies and government agencies have their resources always and they target dips more often or buys by lump-sum. This is unlike individual investors who are regulating between low income, responsibilities and bitcoin investment and tend to spread it through to allow for less financial stress.
This is why relevance has been given to the DCA strategy due to its flexibility and all-inclusive way of allowing everyone both high income Earners and low income earners to build their bitcoin over time. This method also allows an investor to develop self discipline and financial intelligence which would help his life after active service.
How is bitcoin going to spread if no one wants to admit that they use bitcoin? You expect bitcoin to still have value if everyone is secret about it?
Hello JayJuanGee how are you doing? You point out a good question and for a second I also started to deep think how the real promotion of Bitcoin started, because I wanted to reply to your question by saying we don't have to tell how much we own we can simply tell them the advantages, profits they could have made etc. We could sell them this the same way to motivate them like a banker tells a customer to open a savings account and tell them the benefits without telling how much he had.
But after realizing into my deep thinking, if it were not the profits then maybe the promotion is not the same way or the adoption. It plays an important role in promoting Bitcoin. What do you think how we should deal with this without telling our own holdings, I guess we can say to anyone, hey let's take a example, if you would have bought Bitcoin in 2015, you would have this much money right now.
I think everyone wants a prove and it would be misleading to claim that you can confidently venture into an investment that you see no store or concrete evidence to its legitness. Almost everything about bitcoin is an abstract and digital and investors only put their funds because they understand they system. To someone who has problems with understanding, referring him back to the various achievements recorded by bitcoin can go a long way to convince the person to give it a try. Even though we can't compel anyone into buying bitcoin but helping them break that decision making latency before their first investment is very important. What about reminding a person how bitcoin rose from $74k to over $113k in less than 4 months? These are facts and not misleading. So it would be good if we also consider that the rate of acceptance of every given innovation differs among people and being secret about bitcoin would never help in anyway.
~
The ease of using the DCA method must be accompanied by confidence, because this confidence will ensure everything runs smoothly without being affected by anything, because we are confident that no matter what happens, it will not prevent Bitcoin from continuing to rise in the long term.
Every investment comes with risk and the same applies for bitcoin too and you can never say I am 100% sure that bitcoin will be higher in the next 5 years from the current price and it will likely to be but my point is there's always risk factor in it which creates pressure for retail investors.
It was in the past that people were saying they aren't sure if bitcoin will increase in price in X number of years. But in today's world that bitcoin has come into mainstream, we shouldn't be saying that again. If people that are investing in gold, stocks and bonds are confident that their investments in those things can will give them profits X years from when the investment was made, why can't bitcoin investors have such confidence that bitcoin price will increase from it current price in five years time? I know someone will say there's no guarantee in it, but let me ask is there any guarantee in those other forms of investments?
There are so many reasons why you would not blame anyone who still doubt bitcoin because to be into bitcoin you have to accept that your resources would be safe at the first place. Again comparing bitcoin acceptability with gold is not very wrong. But let's also consider the long history of gold since time immemorial where it has proven to be a good asset. Gold is also a concrete asset and anyone who invest in gold can always see his asset and touch it at anytime unlike the bitcoin which is digital. Bitcoin investment would gain more acceptance with time and it won't be long before the world would accept the fact that bitcoin is worth more than gold.