~snip
The Bitcoin market is always volatile and those who have managed to avoid this volatility for the long term have achieved success, and those who can maintain this continuity in the future can certainly achieve good success.
As an investor is it really possible to avoid volatility since we all know that volatility is an integral part of the bitcoin market? So I am wondering how can someone avoid volatility for the long term? What you said here is totally wrong in my perspective. Do I need remind you that volatility is the upward and downward movement of bitcoin price over time. So how do you avoid bitcoin price volatility when you have bitcoin in your portfolio and still be successful?
Note: I am just a newbie trying to learn new things every day.
Volatility is an integral part of the Bitcoin market. You asked a question, is it possible to avoid volatility?
The answer is yes, it is possible. Consider that you have a discretionary income stream coming in every week and you want to accumulate Bitcoin from it. This is the only way to reduce your mental volatility. If I explain it to you a little more clearly maybe you will be able to understand it better. If you consistently accumulate Bitcoin in the DCA method it will not only grow your portfolio but also gain extensive experience in the market due to the long term nature of the market as the price of Bitcoin is volatile and you continue to hold Bitcoin without any stress. When you are continuing to create holding you will be able to create a investment defence wall regardless of market volatility and your financial strength will continue to grow over time.
Am really finding it difficult to understand what you mean by mental volatility, volatility in bitcoin simply refers to the market price unstable movement, which sometimes can be very unpredictable, so it's very unlikely for you to say volatility can be predictable given the explanation you gave. Discretionary income is simply the funds reserves for your bitcoin investment, using it side by side to illustrate volatility sounds confusing for me, maybe you could do a little more explanation on what that means, however I sincerely agree with your submission on the DCA method in terms consistency in accumulation.