Quote from: Joeboy on Today at 08:37:36 PM

Quote from: Liocen on Today at 06:25:51 PM

Quote from: woez on Today at 04:54:53 AM

Of course, those who have implemented this method are considered intelligent and astute, as they no longer care about pursuing short-term profits but instead focus on the long term. Of course, no one wants to miss a market rally when they see a coin's price rise, but the average person has to monitor it, and it's quite a hassle, staring at the screen constantly to avoid getting caught up, as even the slightest movement can quickly lead to a decline.

In my opinion, psychological factors still play a crucial role in maintaining enthusiasm for long-term investing using the DCA technique. This allows one to learn to resist panic, avoid the temptation to sell due to FOMO, and avoid expecting a severe market drop, even during a bear market. Regardless, the final outcome of buying using the DCA model still wins, even if it varies. If we average each purchase transaction, it automatically lowers our average cost.

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality. In this context, let me tell you a story, although it is true, it still sounds like a story - a man went to the market to buy Ugu (Telfairia occidentalis) but after standing for a while near the shop, he saw that time was passing and the seller was reducing the price of Ugu a little. So the man waited for a while for the price to come down. The price came down but the man still did not buy it. He waited again for the price to come down. The price did come down but the good fresh Ugu were already sold out. Later, he could not buy any more Ugu. At that moment, his wife called and said that he definitely needed Ugu at home, so he started looking for Ugu in other shops but most of the shops had already sold out. While searching, he found a small quantity of Ugu in one shop but since no other shop had it, the demand for it increased so he had to buy it at a high price, but he did not get the amount of Ugu he needed.
This is consistent with the case of Bitcoin lazy investors (those who wait for the most favorable time to start investing).
Everyone thinks that Bitcoin is just an investment tool and the lower the price they can buy it, the more profitable they will be. But the reality is that the more Bitcoin they have in the future, the more economically prosperous they will be in the future. Therefore, everyone should focus on how to own the maximum amount of Bitcoin without looking at the price.

I disagree with you....Bitcoin wasn't created for some group persons, instead Bitcoin was created for everyone there is no gap in between. Bitcoin was created for the rich, poor, middle class, young, old etc. This mean that you must not have to have millions of dollars in your account before you can begin to accumulate Bitcoin...... Bitcoin is divisible into smaller units called satoshis, this simply means that one can start with even a tiny fraction using the little extra money (Discretionary Income) + your buying strategy (preferably DCA due to its simplicity and lesser worry), and overtime those small and steady accumulation grows into something meaningful and tangible

Saying is not for everyone does not necessarily means that it doesn't involve everyone, the idea is that some persons still don't believe in bitcoin and so finds it difficlult to invest in bitcoin, they keep given excuses and procrastinating and just watching the market as a reason for not buying bitcoin with a lot of financial opportunities yet do not or is it those set of persons that will buy bitcoin today and sells it off tomorrow all in the bit of being scared of the fall in price and become a no coiner or a low coiner at the end because they lack trust and confidence in bitcoin after seeing its past experiences, you know bitcoin is for long-term investment, yet people has failed recognize that fact, therefore him saying bitcoin is not for everyone one is right because your cannot force someone to do what they really don't want to do .