Quote from: Rhow on Today at 03:36:25 PM

Quote from: MusaPk on Today at 01:20:02 PM

Quote from: sotelorene on Today at 01:04:36 PM

Perhaps you should have added financial freedom in the future because Bitcoin is not a get rich quick scheme and so if you limit it to this your view and point, it can make a lot of people especially newbie to believe they can actually get rich in Bitcoin in a short period of time which very wrong because we can not actually make or get a financial freedom in Bitcoin in a short while but rather we can get that in a long term investment and not just in a long term but with a condition that we carried it out properly and following the sequence and principles that it should be done.

It's important to go some prior research before jumping into Bitcoin. It's very simple, if you want short term profit then their are other options available like forex and stock. One can try his luck in these sectors for quick gain. The core idea of Bitcoin investment is to "invest and forget" for at least 4 years and it will be best if you can forget it for 10 years. There will be time when you will be tempted to sell your Bitcoins because you are getting good return but one has to stick with his investment plan and hold Bitcoins until his target value is reached.

Investment in the DCA method can be done at any time. Since the price of Bitcoin decreases and increases over time, investing in the DCA method is the easiest method. The DCA method is a method of continuous investment without paying attention to the price. Therefore, we should plan long-term investment without thinking about short-term profit.

Your statement that I bolded out ended up contradicting everything you said, see ehn the DCA strategy becomes useless if it is done “any time”. What really makes it work is doing it consistently over time. When you DCA consistently, every dip and pumps eventually blends into your overall average cost, and that’s where the true advantage of DCA lies. But if it is treated as something you can just do “any time,” then it loses its meaning, because without consistency, it will be quite difficult to see the long term benefit that DCA promisess.

Quote from: Cgrexp on Today at 04:51:26 PM

And if discretionary income is very limited or not at all, then it will be difficult to enter the investment.

This very mentality has really limited so many persons from investing in Bitcoin because they have limited discretionary income, but the truth is that you don’t need to start big to get involved. Bitcoin was never about who had the biggest discretionary funds, see ehn a 5% done consistently over time will definitely build into something tangible and meaningful overtime, it's all about patience and consistency. What matters is that you begin, no matter how small you start, instead of waiting for that "perfect time" or "large amount." Many people who are now in huge profit today started with very little amount, but they kept going, and that’s what made the difference...