Quote from: Umulala-alala on Today at 07:19:48 AM

Quote from: Lolipo on October 02, 2025, 10:52:56 PM

Considering the way dollar 💰💰 rate is increasing, i think someone needs to monitor the market closely, today it's increasing tomorrow it's reducing. I think the best thing to do know is to buy with enough capital and also it's important to know the DCA before buying

You mean bitcoin or dollar? Why monitoring the market closely did you plan to sell when there is an increase in BTC price? There is nothing bad watching the market but it shouldn't be done constantly as long term investor you don't regularly need to be monitoring the market all the time since u never plan to sell premature and you should also know that bitcoin is volatile that's why you see it go up and down so your focus shouldn't be on the market but how to be buying more bitcoin.

you can point out dozens of flawed knowledge about bitcoin from his statements which are clear indicator that he is yet to understand how bitcoin works. in the first place, you can not talking about the importance of buying with the DCA method and at the same time talk about monitoring the market. DCA by itself means that you are not going to monito the market but rather that you are going to have an accumulation plan that you are bent on sticking to.

The fact that newbies tend to see monitoring the market as one smart move tells of why newbies investors find it hard to get started in their investment because they always feel that the next waiting point is going to present a better buying opportunity for them. if only they knew that every time you wait and procrastinate buying, you are doing yourself a disadvantage and might miss out on a good buying opportunity. those that were skeptical about buying when the price of bitcoin was below $115k would be regretting now seeing that in less than a month, we are currently witnessing bitcoin going really up the moon.